Toast, Inc.: CEO Narang Aman sold 14,713 shares

What happened

• Narang Aman, CEO and director, exercised or converted RSUs into 30,805 shares on Oct 1, 2026 and the Form 4 also shows corresponding disposals of those 30,805 shares at $0.00 (derivative). On Oct 2, 2026, he sold 14,713 shares in an open-market sale at $29.35 per share for $431,885.

Key details

• Transaction dates and prices: Oct 1, 2026 — exercise/conversion of 6,331, 12,598, 8,574 and 3,302 RSUs (total 30,805); disposals of 30,805 shares at $0.00 (derivative). Oct 2, 2026 — sale of 14,713 shares at $29.35 for $431,885.
• Shares owned after the transaction: the filing notes the reporting person also owns 18,612,840 shares of Class B common stock, each convertible one-for-one into Class A common stock.
• Relevant footnotes: F1 — RSUs convert one-for-one into Class A common stock on vesting and settlement. F2 — the shares sold represent those required to be sold to cover tax withholding and do not represent a discretionary trade. F3–F6 — the RSUs vest in sixteen equal quarterly installments following Apr 1, 2023; Apr 1, 2024; Apr 1, 2025; and Apr 1, 2026, respectively.
• Filing timeliness: no late filing is indicated on the Form 4.

Why it may matter

• The filing reports RSU vesting/conversion and an open-market sale used to satisfy tax withholding obligations (per footnote F2), i.e., some shares were immediately disposed rather than retained.
• The filing does not show why the insider traded or why the company acted.