Toast, Inc. — Director's Dealing 2026

Jan 5, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2026-01-01

Reporting Person: Vassil Jonathan (Chief Revenue Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-01	Class A Common Stock	M	4748	—	Acquired	76172	Direct
2026-01-01	Class A Common Stock	M	4987	—	Acquired	81159	Direct
2026-01-01	Class A Common Stock	M	3430	—	Acquired	84589	Direct
2026-01-02	Class A Common Stock	M	66390	$2.21	Acquired	150979	Direct
2026-01-02	Class A Common Stock	S	66390	$35.86	Disposed	84589	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-01	Restricted Stock Units	$	M	4748	Disposed		Class A Common Stock (4748)	Direct
2026-01-01	Restricted Stock Units	$	M	4987	Disposed		Class A Common Stock (4987)	Direct
2026-01-01	Restricted Stock Units	$	M	3430	Disposed		Class A Common Stock (3430)	Direct
2026-01-02	Stock Option (Right to Buy)	$2.21	M	66390	Disposed	2030-04-21	Class A Common Stock (66390)	Direct

Footnotes

F1: The Restricted Stock Units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.

F2: This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 11, 2025.

F3: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2023.

F4: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2024.

F5: The RSUs shall vest in sixteen equal quarterly installments following April 1, 2025.

F6: The shares subject to this option are fully vested and exercisable as of the date hereof.