Toast (TOST)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-08-21 10b5-1 Pre-arranged Plan: Yes --- Issuer --- Name: Toast, Inc. (TOST) CIK: 0001650164 --- Reporting Owner --- Name: Vassil Jonathan CIK: 0002004790 Role: Officer (Chief Revenue Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-08-21 | Code: M (Exercise of derivative) Shares: +47,673 | Price: $17.38 Total Value: $828,556.74 Shares Owned After: 117,639 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026. [Transaction #2] Security: Class A Common Stock Date: 2026-08-21 | Code: M (Exercise of derivative) Shares: +37,607 | Price: $17.33 Total Value: $651,729.31 Shares Owned After: 155,246 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026. [Transaction #3] Security: Class A Common Stock Date: 2026-08-21 | Code: S (Open market sale) Shares: -85,280 | Price: $36.34 Total Value: $3,099,075.20 Shares Owned After: 69,966 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person 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 $36 to $36.67 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. --- Derivative Transactions --- [Transaction #1] Security: Stock Option (Right to Buy) Date: 2026-08-21 | Code: M (Exercise of derivative) Shares: -47,673 | Price: $0.00 Exercise Price: $17.38 Exercisable: N/A | Expires: 2032-03-15 Shares Owned After: 190,575 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026. [F3] The shares subject to this option are fully vested and exercisable as of the date hereof. [Transaction #2] Security: Stock Option (Right to Buy) Date: 2026-08-21 | Code: M (Exercise of derivative) Shares: -37,607 | Price: $0.00 Exercise Price: $17.33 Exercisable: N/A | Expires: 2033-03-10 Shares Owned After: 175,256 | Ownership: D (Direct) Footnotes: [F1] This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026. [F4] The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2023. --- Holdings --- [Holding #1] 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 Reporting Person 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 $36 to $36.67 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 shares subject to this option are fully vested and exercisable as of the date hereof. F4: The shares underlying this option shall vest and become exercisable in sixteen equal quarterly installments following April 1, 2023. --- Signature --- /s/ /s/ Xing Yan as Attorney-in-Fact for Jonathan Vassil (2026-08-25)