The cluster is small relative to market cap and involves non-C-suite officers (GC and CRO). Without a 10b5-1 plan designation, the sales could be liquidity-driven. Monitor next 10-Q for any operational weakness or guidance changes, but this cluster alone does not warrant a bearish read.
Price Chart
Executive Summary
Two Toast insiders—General Counsel Brian Elworthy and Chief Revenue Officer Jonathan Vassil—sold a combined $391K in open-market sales on October 2, 2026, at $29.35 per share. The total value is ~0.12% of Toast's $326M market cap, a modest amount that does not signal material negative information, especially given the absence of a 10b5-1 plan designation or unusual timing.
Key Financial Metrics
Key Facts
- Two insiders sold shares: General Counsel (6.5K shares, $191K) and Chief Revenue Officer (6.8K shares, $200K).
- All sales were open-market (code S) with no 10b5-1 plan indicated.
- Total sales of $391K represent ~0.12% of Toast's $326M market cap.
- Sales occurred on the same day (Oct 2, 2026) at the same price ($29.35).
Financial Impact
$391K in insider sales, ~0.12% of market cap
Risk Factors
- Insider sales could precede negative news if insiders have material non-public information, but the small size reduces this risk.
- No 10b5-1 plan disclosed—sales may be opportunistic, but the dollar amount is immaterial.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TOST-1791232382690 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $32.71 | awaiting T+60 | — | $32.03 (−2.09%) |
Oct 5, 2026 21d ago | Insider Cluster | $30.25 | awaiting T+60 | — | $32.03 (+5.87%) |
Oct 5, 2026 22d ago | SC 13G/A | $30.04 | awaiting T+60 | — | $32.03 (+6.61%) |
Oct 1, 2026 26d ago | 8-K | $29.23 | awaiting T+60 | — | $32.03 (+9.56%) |
Aug 13, 2026 10w ago | Insider Cluster | $34.75 | awaiting T+60 | — | $32.03 (−7.84%) |
Aug 11, 2026 10w ago | Insider Cluster | $34.06 | awaiting T+60 | — | $32.03 (−5.97%) |
Aug 7, 2026 11w ago | Insider Cluster | $35.69 | awaiting T+60 | — | $32.03 (−10.27%) |
Aug 5, 2026 11w ago | Insider Cluster | $34.72 | awaiting T+60 | — | $32.03 (−7.76%) |
Jul 9, 2026 15w ago | Insider Cluster | $29.32 $30.04 | ▲ +2.46% | ▼ −0.18% | $32.03 (+9.23%) |
Jul 6, 2026 16w ago | Insider Cluster | $29.61 $28.99 | ▼ −2.09% | ▼ −4.09% | $32.03 (+8.16%) |
US Market Status
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