=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-07
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: Toast, Inc. (TOST)
CIK: 0001650164
--- Reporting Owner ---
Name: Narang Aman
CIK: 0001869139
Role: Director, Officer (CEO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A Common Stock
Date: 2026-08-07 | Code: S (Open market sale)
Shares: -42,105 | Price: $35.13
Total Value: $1,479,148.65
Shares Owned After: 119,843 | Ownership: I (Indirect) | Nature: Starlight 2026 Charitable Remainder Trust
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Starlight 2026 Charitable Remainder Trust on March 13, 2026.
[F2] The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35 to $35.32 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
[Transaction #2]
Security: Class A Common Stock
Date: 2026-08-10 | Code: S (Open market sale)
Shares: -119,843 | Price: $35.38
Total Value: $4,239,925.50
Shares Owned After: 0 | Ownership: I (Indirect) | Nature: Starlight 2026 Charitable Remainder Trust
Footnotes:
[F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Starlight 2026 Charitable Remainder Trust on March 13, 2026.
[F3] The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35 to $35.61 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
--- Holdings ---
[Holding #1]
Security: Class A Common Stock
Ownership: D (Direct)
[Holding #2]
Security: Class A Common Stock
Ownership: I (Indirect)
[Holding #3]
Security: Class A Common Stock
Ownership: I (Indirect)
--- Footnotes (Complete Index) ---
F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Starlight 2026 Charitable Remainder Trust on March 13, 2026.
F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35 to $35.32 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35 to $35.61 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this price range set forth in this footnote.
--- Signature ---
/s/ /s/ Xing Yan as Attorney-in-Fact for Aman Narang (2026-08-11)
