Elena Gomez sells 7,924 shares of Toast, Inc. for $280,000

Elena Gomez, the President and Chief Financial Officer of Toast, Inc., sold 7,924 shares of Class A Common Stock on August 7 and August 10, 2026. The transaction was valued at approximately $280,000 and has reduced her direct equity stake in the company by 5%. Gomez executed the sale through her direct holdings, with no reported indirect participation.

This transaction comes as part of a routine liquidity management strategy under a Rule 10b5-1 trading plan, which Gomez adopted on December 12, 2025. Such plans allow company insiders to schedule trades in advance, helping to avoid concerns about trading on non-public information. The recent sale is notable as Toast's stock has seen a 17% decline over the past year, closing at $35.69 on August 10, 2026.

Following the sale, Gomez retains a significant direct holding of 160,150 shares, which are now valued at approximately $5.72 million based on the market close. This indicates that despite her recent sale, she continues to hold a substantial equity position in the company, reflecting confidence in Toast's long-term prospects. The company itself has a market capitalization of $20.7 billion and reported $6.8 billion in revenue over the last twelve months.

Toast provides a comprehensive cloud-based digital platform tailored for the restaurant industry, offering solutions that include point-of-sale systems and payment processing services. As the company serves a range of clients from independent restaurants to multi-unit operators, Gomez's recent move may signal a strategic approach to managing her financial portfolio while still maintaining significant investment in the company’s future growth.