Toast (TOST) Principal Accounting Officer Receives 6,604 Shares

What Happened
Niola Rossana, Principal Accounting Officer at Toast, had 6,604 restricted stock units (RSUs) vest and convert into 6,604 shares on August 1, 2026. The Form 4 shows those 6,604 shares were simultaneously reported as disposed at $0, resulting in no cash proceeds reported in the filing. This was a settlement/vesting event (an award conversion), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-01; Form 4 filed: 2026-08-04 (appears timely).
• Reported transactions: 6,604 shares acquired via derivative conversion; 6,604 shares disposed at $0 (derivative).
• Transaction code shown: M (exercise/conversion of a derivative).
• Footnotes: F1 — RSUs convert one-for-one into Class A common stock upon vesting. F2 — 12.5% of the grant vested on Aug 1, 2026; remaining vest quarterly over the next 3.5 years.
• Shares owned after transaction: not disclosed in the provided excerpt.

Context
This was a routine RSU vesting/settlement (an award converting to common stock). The equal acquire/dispose reporting (shares converted and reported as disposed at $0) commonly reflects settlement mechanics such as share withholding for taxes or similar internal transfers, though the filing itself does not detail the reason. This is not a market buy or sale that signals an investor cash trade.