Vassil Jonathan 4

What Happened

• Vassil Jonathan, Chief Revenue Officer of Toast, received two equity awards on March 10, 2026: a derivative option granting rights to 29,066 shares and 17,613 Restricted Stock Units (RSUs). Both awards show a $0.00 acquisition price (standard for grants), for a total of 46,679 shares subject to future vesting.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
• Award types and amounts: 29,066 option-based shares (derivative) and 17,613 RSUs.
• Reported acquisition price: $0.00 (award/grant).
• Vesting: Both awards vest in sixteen equal quarterly installments beginning April 1, 2026 (options become exercisable per that schedule; RSUs convert one-for-one into Class A common stock on vesting).
• Shares owned after transaction: not specified in the provided excerpt.
• Transaction code: "A" (award/grant); no sale or purchase occurred.

Context

• These grants are forward-looking compensation awards, not open-market purchases or sales. Options become exercisable only as they vest, and RSUs only convert to shares upon vesting and settlement, so there is no immediate change in marketable holdings. Such grants are common for executive compensation and do not by themselves indicate near-term buying or selling.