Toast (TOST) CRO Vassil Jonathan Sells 85,280 Shares

What Happened

• Vassil Jonathan, Chief Revenue Officer of Toast, exercised stock options to acquire 47,673 shares at $17.38 ($828,557) and 37,607 shares at $17.33 ($651,729) on Aug 21, 2026. On the same day he sold 85,280 shares in the open market for a weighted average price of $36.34, generating proceeds of $3,099,075. The reported exercise cost for the two option lots was $1,480,286, so gross proceeds exceeded the exercise cost by roughly $1.62M.

Key Details

• Transaction date: 2026-08-21; Form 4 filed: 2026-08-25 (timely within the two-business-day window).
• Sale: 85,280 shares at a weighted avg price $36.34 (sales executed at prices from $36.00 to $36.67; issuer can provide per-price breakdown on request).
• Option exercises: 47,673 shares @ $17.38 (fully vested per footnote) and 37,607 shares @ $17.33 (subject to vesting schedule noted).
• Footnotes: F1 — sale was effected under a Rule 10b5-1 trading plan adopted Mar 13, 2026. F3/F4 — one option lot was fully vested; the other vests in 16 quarterly installments after Apr 1, 2023.
• Shares owned after the transaction: not specified in the details provided here (see the full Form 4 for post-transaction holdings).

Context

• This was an option exercise combined with an immediate market sale (common “exercise and sell” activity). The $0 entries on some derivative lines reflect the conversion/exercise notation for the options rather than a cash sale price. The open-market sale was carried out under a pre-established 10b5-1 plan, which typically schedules trades in advance and is intended to avoid trading based on inside information.