Toast (TOST) CRO Jonathan Vassil Exercises Options and Sells Shares

What Happened

• Jonathan Vassil, Chief Revenue Officer of Toast, exercised a total of 4,700 option-derived shares on Aug 5, 2026 (2,000 @ $17.38 and 2,700 @ $17.33; aggregate cash paid ~$81,551) and sold 4,700 shares in the open market the same day for a weighted-average price of $36.02, generating aggregate gross proceeds of $169,308.
• The Form 4 also reports two derivative-related dispositions recorded at $0.00 on the same date (these entries relate to the option exercises/settlements reported).

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (timely filing).
• Option exercises acquired: 2,000 shares @ $17.38 ($34,760) and 2,700 shares @ $17.33 ($46,791); total cash paid ≈ $81,551.
• Open-market sale: 4,700 shares sold at weighted-average $36.02 for total proceeds $169,308. Reported sale prices ranged $36.00–$36.26 (per footnote).
• Footnotes: F1 — sale effected under a Rule 10b5-1 trading plan adopted March 13, 2026; F2 — weighted-average sale price with range $36.00–$36.26; F3 — one option was fully vested and exercisable as of the date; F4 — another option vests in 16 equal quarterly installments beginning April 1, 2023.
• Shares owned after transaction: not disclosed in the provided filing excerpt.

Context

• This was an option exercise followed by an immediate or same-day sale of the resulting shares (common “exercise and sell” / cashless-style transaction). The sale was executed under a pre-established 10b5-1 plan, which specifies scheduled or pre-set trading.
• The filing is factual and routine; it reports exercises and a sale rather than a new open-market purchase (purchases are often seen as stronger bullish signals).