Toast Inc. Executives Sell Shares to Cover Tax Obligations
| Reporter Name | Relationship | Type | Amount | SEC Filing |
|---|---|---|---|---|
| Vassil Jonathan | Chief Revenue Officer | Sell | $280,766 | Form 4 |
| Narang Aman | CEO | Sell | $589,004 | Form 4 |
| Gomez Elena | President, CFO | Sell | $1,454,424 | Form 4 |
| Fredette Stephen | President | Sell | $325,701 | Form 4 |
| Elworthy Brian R | General Counsel | Sell | $241,965 | Form 4 |
Several executives at Toast Inc. have recently sold shares of Class A Common Stock to cover tax withholding obligations related to Restricted Stock Units (RSUs).
Vassil Jonathan, the Chief Revenue Officer, sold 6,592 shares at a price of $42.592 per share, totaling $280,766. Following this transaction, Jonathan directly owns 61,791 shares of Class A Common Stock.
Narang Aman, the CEO, sold 13,829 shares at the same price, totaling $589,004. Aman directly owns 302,498 shares of Class A Common Stock and holds 18,912,840 shares of Class B common stock, which is convertible into Class A shares.
Elena Gomez, serving as President and CFO, sold 34,170 shares for a total of $1,454,424 at weighted average prices of $42.469, $43.097, and $42.592 across three transactions. Gomez directly owns 139,357 shares of Class A Common Stock.
Stephen Fredette, the President, sold 7,647 shares at $42.592 per share, totaling $325,701. Post-transaction, Fredette directly owns 889,017 shares and indirectly owns 2,009,778 shares through various family trusts. Additionally, Fredette holds 25,722,670 shares of Class B common stock, convertible into Class A shares.
Brian R. Elworthy, General Counsel, sold 5,681 shares at $42.592 per share, totaling $241,965. Following the transaction, Elworthy directly owns 221,767 shares and indirectly owns 39,368 shares through the Brian R. Elworthy Irrevocable Trust of 2019.