Hawkins Mark J 4

What Happened
Mark J. Hawkins, a director of Toast, Inc. (TOST), had restricted stock units (RSUs) vest and convert into 5,256 shares on June 12, 2026 (transaction code M: exercise/conversion of a derivative). The filing also shows a contemporaneous disposition of those 5,256 derivative shares (reported at $0.00). Additionally, Hawkins was recorded as acquiring a grant/award of 8,888 RSUs (code A) at $0.00. The filing reports $0.00 per share for these entries (RSUs convert one-for-one on vesting).

Key Details

• Transaction date: June 12, 2026. Form 4 filed June 16, 2026 (appears timely).
• Conversions/exercises: 5,256 shares (code M) at $0.00; corresponding disposition of 5,256 derivative shares at $0.00.
• Grant: 8,888 RSUs (code A) at $0.00.
• Footnotes: F1 — RSUs convert one-for-one into Class A common stock on vesting; F2 — the RSUs vested in full on June 12, 2026; F4 — the newly reported RSUs vest in full on the earlier of June 12, 2027 or the next annual meeting.
• Shares owned after transaction: Not specified in the provided excerpt.
• No 10b5-1 plan or late-filing indication shown in the excerpt.

Context

• Code explanations: M = exercise/conversion of a derivative security (here, RSUs converting into common stock); A = grant/award of RSUs.
• The converted RSUs show a matching disposition in the filing (often reflects settlement mechanics such as tax withholding or transfer, though filings themselves do not state motive).
• These entries are awards/settlements rather than open-market purchases or sales; awards indicate compensation/vesting activity rather than an independent purchase decision by the insider.