Toast (TOST) 4: Elworthy Brian R bought 3,482 shares of Class A Common Stoc… (Jan 5, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-01-01 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Toast, Inc. (TOST) CIK: 0001650164 --- Reporting Owner --- Name: Elworthy Brian R CIK: 0001869299 Role: Officer (General Counsel) --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-01-01 | Code: M (Exercise of derivative) Shares: +3,482 Shares Owned After: 232,499 | Ownership: D (Direct) Footnotes: [F1] The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. [Transaction #2] Security: Class A Common Stock Date: 2026-01-01 | Code: M (Exercise of derivative) Shares: +3,989 Shares Owned After: 236,488 | Ownership: D (Direct) Footnotes: [F1] The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. [Transaction #3] Security: Class A Common Stock Date: 2026-01-01 | Code: M (Exercise of derivative) Shares: +2,572 Shares Owned After: 239,060 | Ownership: D (Direct) Footnotes: [F1] The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-01-01 | Code: M (Exercise of derivative) Shares: -3,482 | Price: $0.00 Shares Owned After: 17,409 | Ownership: D (Direct) Footnotes: [F1] The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. [F2] The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023. [F2] The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023. [Transaction #2] Security: Restricted Stock Units Date: 2026-01-01 | Code: M (Exercise of derivative) Shares: -3,989 | Price: $0.00 Shares Owned After: 35,903 | Ownership: D (Direct) Footnotes: [F1] The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. [F3] The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024. [F3] The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024. [Transaction #3] Security: Restricted Stock Units Date: 2026-01-01 | Code: M (Exercise of derivative) Shares: -2,572 | Price: $0.00 Shares Owned After: 33,440 | Ownership: D (Direct) Footnotes: [F1] The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. [F4] The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025. [F4] The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025. --- Holdings --- [Holding #1] Security: Class A Common Stock Ownership: I (Indirect) --- Footnotes (Complete Index) --- F1: The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. F2: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023. F3: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024. F4: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025. --- Signature --- /s/ /s/ Monica Kleinman as Attorney-in-Fact for Brian R. Elworthy (2026-01-05)