The sale is modest relative to market cap and appears to be a routine diversification by an officer. Monitor for actual execution on Form 4, but no immediate trading signal is warranted.
Price Chart
Executive Summary
Brian R. Elworthy, an officer of Toast, Inc., filed a Form 144 on May 29, 2026, indicating intent to sell 108,000 Class A shares with an approximate market value of $2.8 million. The shares were acquired through restricted stock vesting and option exercises dating back to 2022, representing a routine diversification sale by an insider.
Key Facts
- Officer Brian R. Elworthy filed Form 144 to sell 108,000 Class A shares.
- Estimated aggregate market value of the proposed sale is approximately $2.8 million.
- Shares were acquired through restricted stock vesting from 2022 to 2025 and an option exercise on May 29, 2026.
- The sale represents about 0.54% of the company's $516 million outstanding shares.
- The filing is an advance notice of intent to sell, not a completed transaction.
Financial Impact
Proposed sale of 108,000 shares valued at ~$2.8 million, representing ~0.54% of outstanding shares.
Risk Factors
- Insider selling could signal lack of confidence if followed by additional filings from other officers.
- The sale may be executed over time, potentially adding modest selling pressure.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001959173-26-004147 |
| Document: 0001959173-26-004147-index.html | 0001959173-26-004147 |
| Document: 0001959173-26-004147.txt | 0001959173-26-004147 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 7w ago | Insider Cluster | $34.75 $33.29 | ▼ −4.20% | ▼ −2.21% | $29.78 (−14.29%) |
Aug 11, 2026 7w ago | Insider Cluster | $34.88 $32.45 | ▼ −6.97% | ▼ −5.91% | $29.78 (−14.61%) |
Aug 7, 2026 8w ago | Insider Cluster | $34.48 $33.95 | ▼ −1.54% | ▼ −1.14% | $29.78 (−13.62%) |
Aug 5, 2026 8w ago | Insider Cluster | $34.80 $34.04 | ▼ −2.18% | ▼ −1.58% | $29.78 (−14.41%) |
Jul 9, 2026 12w ago | Insider Cluster | $28.85 $34.72 | ▲ +20.35% | ▲ +18.11% | $29.78 (+3.24%) |
Jul 6, 2026 12w ago | Insider Cluster | $29.48 $32.27 | ▲ +9.46% | ▲ +10.03% | $29.78 (+1.03%) |
May 29, 2026 17w ago | 144 | $27.74 $27.82 | ▲ +0.29% | ▲ +1.59% | $29.78 (+7.37%) |
May 7, 2026 21w ago | 8-K | $25.05 $24.64 | ▼ −1.64% | ▼ −1.66% | $29.78 (+18.90%) |
Apr 2, 2026 26w ago | Insider Cluster | $26.47 $28.52 | ▼ −7.74% | ▲ +2.13% | $29.78 (−12.52%) |
Feb 28, 2026 30w ago | Institutional Cluster | $27.57 $26.06 | ▼ −5.48% | ▲ +2.46% | $29.78 (+8.03%) |
US Market Status
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