Jonathan Vassil, Chief Revenue Officer of Toast, Inc., filed a Form 4 on November 6, 2026, reporting option exercises and a sale of Class A Common Stock executed on November 4, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Options exercised: Vassil exercised two stock options on November 4, 2026, acquiring a total of 4,600 shares of Class A Common Stock at exercise prices of $17.38 (900 shares) and $17.33 (3,700 shares).
  • Shares sold: 4,600 shares of Class A Common Stock were disposed of at a weighted average price of $36.004, with individual transaction prices ranging from $36 to $36.015 inclusive.
  • Direct ownership after transactions: Vassil directly held 77,424 shares of Class A Common Stock following the reported transactions.
  • Indirect ownership: An additional 84,269 shares are held indirectly through the Jonathan S. Vassil Grantor Retained Annuity Trust #1.
  • Remaining options: Following the exercises, Vassil holds 189,675 shares under the $17.38 strike option and 171,556 shares under the $17.33 strike option.
  • 10b5-1 plan: All transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Vassil on March 13, 2026.

Vassil's November 4 Option Exercises and Share Sale at Toast, Inc.

According to the filing, Jonathan Vassil, identified as Chief Revenue Officer of Toast, Inc. (NYSE:TOST), reported two option exercise transactions on November 4, 2026. The first involved 900 shares acquired via exercise of a stock option with an exercise price of $17.38; the filing notes those shares are "fully vested and exercisable as of the date hereof." The second involved 3,700 shares acquired via exercise of a stock option priced at $17.33, which the filing states vests "in sixteen equal quarterly installments following April 1, 2023."

Following both exercises, the filing discloses that Vassil disposed of 4,600 shares of Class A Common Stock on the same date at a weighted average price of $36.004. The filing states the shares were sold in multiple transactions at prices ranging from $36 to $36.015 inclusive, and that Vassil undertakes to provide full information on each separate price upon request to the issuer, any security holder, or SEC Staff.

All transactions were carried out under a Rule 10b5-1 trading plan that Vassil adopted on March 13, 2026, as stated in the filing's explanation of responses. The Form 4 was signed by Xing Yan as Attorney-in-Fact for Jonathan Vassil and dated November 6, 2026.

What Was Disclosed

The filing reports that Toast, Inc.'s Chief Revenue Officer Jonathan Vassil exercised two stock options totaling 4,600 shares and sold 4,600 shares of Class A Common Stock on November 4, 2026, all under a pre-established Rule 10b5-1 plan, leaving him with 77,424 directly held shares.