The sale was part of a pre-arranged 10b5-1 plan and leaves the executive with 316,431 stock options outstanding.
Toast Chief Revenue Officer Jonathan Vassil sold 11,170 shares of Class A Common Stock on July 13 and 14, 2026, at a weighted average price of $30.16. The transaction was disclosed in an SEC Form 4 filing and executed as a cashless exercise and sale of options with a $2.21 exercise price.
The shares were sold under a 10b5-1 trading plan established on March 13, 2026, following a four-month cooling-off period. Despite the sale, Vassil retains 316,431 outstanding stock options, maintaining significant equity exposure. Toast’s stock closed at $30.00 on July 14, down 33% over the past 12 months.
The transaction involved prices ranging from $30.00 to $30.52, slightly above the market close on the final trading day.