Koplow Hilarie A. 4

What Happened

• On June 12, 2026, Hilarie A. Koplow, a director of Toast, Inc. (TOST), had multiple equity-related transactions reported on a Form 4. The filing shows an exercise/conversion of derivative securities for 5,256 shares (code M) reported as both acquired and disposed at $0.00 per share, and a grant/award entry showing 8,888 RSUs acquired at $0.00 per share. The RSUs vested in full on June 12, 2026 according to the filing footnotes.

Key Details

• Transaction date: June 12, 2026
• Derivative exercise/conversion: 5,256 shares (reported acquired at $0.00 and disposed at $0.00; code M)
• RSU award/settlement: 8,888 RSUs acquired at $0.00 (code A); RSUs vested in full on June 12, 2026
• Shares owned after transaction: Not specified in the provided filing details
• Footnotes of note:
  • F1: RSUs convert into Class A common stock on a one-for-one basis upon vesting.
  • F2: The RSUs vested in full on June 12, 2026.
  • F3: Not applicable.
  • F4: (Standard vesting schedule language) RSUs shall vest in full on the earlier of June 12, 2027 or the next annual meeting — (appears to describe a vesting trigger for some awards)
• Filing timeliness: Form filed June 16, 2026 for a June 12 transaction — filed within the standard two business-day Form 4 deadline (timely).

Context

• Code M denotes exercise or conversion of a derivative; the filing reports both acquisition and disposition of 5,256 derivative shares at $0.00, which indicates a conversion/settlement was recorded but the Form 4 does not show cash proceeds or a sale price. The 8,888 RSUs vested and convert one-for-one into common shares upon settlement. These types of award vestings and derivative conversions are typically administrative/compensation events rather than open-market purchases or sales and do not, by themselves, indicate insider sentiment about the stock.