Gomez Elena 4

What Happened
Elena Gomez, President and Chief Financial Officer of Toast, was granted two awards on 2026-03-10: a derivative option-like grant for 167,133 shares and restricted stock units (RSUs) for 101,275 shares. Both line items are reported at an acquisition price of $0.00 and are recorded as awards (transaction code A) in the Form 4 filed on 2026-03-12. Total awards = 268,408 shares. These are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date(s): 2026-03-10 (reported on Form 4 filed 2026-03-12) — filing appears timely.
• Grants and reported prices:
  • 167,133 shares — derivative award (reported $0.00) — footnote indicates this is an option-like grant (vests quarterly).
  • 101,275 RSUs — reported $0.00 — convert to one share of Class A common stock upon vesting.
• Vesting: Both awards vest in sixteen equal quarterly installments beginning April 1, 2026 (i.e., four-year quarterly vesting schedule). (See footnotes F1–F3.)
• Shares owned after transaction: Not disclosed in the provided summary of the filing.
• Transaction type: A = Award/Grant (not a purchase (P) or sale (S)); no cashless exercise or sale reported.

Context
These awards are typical long-term compensation grants for executives. RSUs convert one-for-one into common shares on vesting; the derivative grant is subject to the stated quarterly vesting schedule. Because these were granted as compensation (not open-market purchases), they do not by themselves signal a personal buy or sell decision.