Toast, Inc.: General counsel Brian R Elworthy sold 6,507 shares

What happened

• Brian R Elworthy, general counsel, converted 13,621 restricted stock units into shares on Oct 1, 2026 (exercises/conversions reported) and sold 6,507 shares in an open-market sale on Oct 2, 2026 at $29.35 per share for $191,006.
• The filing also shows 13,621 shares were disposed at $0.00 in connection with the conversions (shares withheld/sold to cover tax withholding).

Key details

• Transaction dates and prices:
  • Oct 1, 2026: four conversions/exercises (M) of 3,482; 3,989; 2,572; and 3,578 shares (total 13,621) reported as acquired/converted (no cash price listed). The same 13,621 shares are reported disposed at $0.00 (tax withholding).
  • Oct 2, 2026: open-market sale (S) of 6,507 shares at $29.35 per share for $191,006.
• Shares owned after the transaction: not stated in the filing.
• Footnotes that matter: F1 RSUs convert into Class A common stock on a one-for-one basis upon vesting; F2 represents shares required to be sold to cover tax withholding; F3–F6 describe vesting schedules (RSUs vesting in sixteen equal quarterly installments following Apr 1, 2023, Apr 1, 2024, Apr 1, 2025, and Apr 1, 2026).
• Filing date and timeliness: Form 4 filed Oct 5, 2026; the filing is not marked late.

Why it may matter

• The report shows RSUs converted into shares and that shares were withheld/sold to satisfy tax withholding obligations (a cashless-type settlement for the withheld portion), and a separate open-market sale of 6,507 shares occurred the next day.
• This filing does not show why the insider traded or why the company acted.