Jonathan Vassil, Chief Revenue Officer of Toast, Inc. (NYSE:TOST), sold 11,170 shares of Class A Common Stock on July 13 and July 14, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($30.16); post-transaction value based on July 14, 2026, market close ($30.00).
How does this transaction relate to the executive's total equity exposure?While the sale involved 11,170 shares, Jonathan Vassil maintains a substantial long-term incentive position with 316,431 outstanding stock options, ensuring continued alignment with the company's valuation performance.
What were the mechanics of the share acquisition and disposal?The transaction was executed as a cashless exercise and sale, in which options with an exercise price of $2.21 were converted to Class A Common Stock and immediately sold at prices ranging from $30.00 to $30.52.
What is the significance of the 10b5-1 plan adoption date?The trading plan was established on March 13, 2026, with a four-month cooling-off period before the first transactions were executed in July, a standard governance practice for executive portfolio management.
How does the current market valuation compare to the transaction price?The shares were sold at a weighted-average price of $30.16, slightly above the July 14, 2026, market close of $30.00, during a period when the stock had declined 33% over the previous 12 months.
Toast, Inc. delivers a comprehensive cloud-based digital technology platform purpose-built for the restaurant industry, featuring a robust product suite that includes the Toast Point of Sale (POS) system, Toast Flex terminals, and complementary hardware solutions that generate recurring software and services revenue.
The company operates a subscription-based business model in which restaurant operators pay recurring fees for access to its integrated cloud platform, point-of-sale hardware, payment processing services, and ancillary software solutions, thereby creating predictable, scalable revenue streams.
Toast serves restaurant operators of varying sizes across the United States and Ireland, targeting independent and multi-unit restaurant chains seeking comprehensive digital infrastructure solutions to streamline operations, enhance customer engagement, and optimize financial management.
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