Elworthy Brian R 4

What Happened
Brian R. Elworthy, General Counsel of Toast, Inc. (TOST), received two equity awards on 2026-03-10: 94,466 derivative shares tied to an option grant and 57,242 restricted stock units (RSUs). Both awards were reported at a $0.00 acquisition price (standard for grants), totaling 151,708 awards. This is an award/grant transaction (not a purchase or sale).

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (timely filing, within typical 2-business-day window).
• Awards: 94,466 (option-type derivative) and 57,242 RSUs; acquisition price reported $0.00.
• Vesting: Both awards vest in 16 equal quarterly installments beginning April 1, 2026 (see footnotes).
• RSU conversion: RSUs convert one-for-one into Class A common stock upon vesting.
• Shares owned after transaction: Not specified in the filing.
• Transaction code: A = Award/Grant (derivative awards).

Context
These are compensation awards, not open-market purchases or sales. The option-style awards will only convert into stock as they vest and (if options) are exercised; RSUs convert to shares on vesting. Such grants are common executive compensation and do not by themselves signal immediate buying or selling of stock.