Narang Aman 4

What Happened

• Aman Narang, CEO and Director of Toast, disposed of 1,648 shares on 2026-02-03 at $30.34 per share, for a total of $50,009. The Form 4 notes this sale was to satisfy tax withholding obligations tied to the vesting and settlement of RSUs and was not a discretionary trade.

Key Details

• Transaction date and price: 2026-02-03 — 1,648 shares at $30.34 each (total $50,009).
• Transaction type: Sale (code S); footnote F1 indicates shares were sold to cover tax withholding on vested RSUs.
• Shares owned after transaction: Reporting person also holds 18,912,840 Class B shares (each convertible into one Class A share).
• Filing: Form 4 filed 2026-02-04 for a 2026-02-03 transaction — appears timely; no 10b5-1 plan or other trading plan disclosed.

Context

• Sales to cover tax withholding on RSU vesting are routine and are not generally interpreted as a discretionary bearish signal. Narang remains a large holder via Class B shares (convertible to Class A), indicating substantial ongoing ownership.