Chapman-Hughes Susan 4

What Happened

• Susan Chapman‑Hughes, a member of Toast’s board of directors, recorded the conversion/settlement of restricted stock units (RSUs) and received deferred stock units (DSUs) on June 12, 2026. The Form 4 shows 5,256 shares resulting from an exercise/conversion (reported both as acquired and disposed) and a separate grant of 8,888 shares as deferred stock units. All derivative/award line items are reported at $0 per share in the filing.

Key Details

• Transaction date: June 12, 2026; Form 4 filed June 16, 2026 (timely).
• Reported entries: 5,256 shares — exercise/conversion (M) (acquired) and 5,256 shares — exercise/conversion (M) (disposed); plus a grant/award of 8,888 shares (A) (acquired).
• Price reported: $0.00 per share for all items (these are equity awards/derivative settlements, not open‑market trades).
• Shares owned after transaction: not specified in the summary data provided.
• Notable footnotes:
  • F1/F2: The RSUs convert one‑for‑one to Class A common stock and vested in full on June 12, 2026.
  • F4: The 8,888 units represent DSUs under Toast’s Deferred Compensation Program; each DSU equals one share economically and becomes payable after the reporting person’s board service ends.
  • F5: Some RSUs may carry a vesting schedule (earlier of June 12, 2027 or next annual meeting) for other grants — check the filing for grant‑specific vesting.

Context

• This filing reflects compensation‑related equity activity (vesting/conversion and deferred awards), not an open‑market buy or routine sale; the simultaneous acquisition and disposition lines often reflect conversion plus subsequent settlement or tax withholding mechanisms. No cash purchase or proceeds are shown in the Form 4 entries reported here.