Vassil Jonathan, Chief Revenue Officer at Toast (TOST), has filed 70 Form 4 transactions, all in a single company. The pattern is one-directional: he has sold $14.66 million worth of TOST stock and has not made a single open-market purchase. His recent activity, concentrated in August through October 2026, shows ten open-market sales totaling roughly $5.66 million, paired with option exercises that supplied the shares.
The largest single sale came on August 21, 2026, when Jonathan sold $3.09 million in TOST stock, following option exercises valued at $651,729 and $828,556 the same day. That sale dwarfed his other August transactions, which ranged from $169,308 to $501,697. His September activity was smaller: two sales on September 2 totaling $484,056, with a $31,558 option exercise attached. October showed a similar rhythm. On October 2 he sold $199,923 and $199,842, and on October 5 he sold $230,168. Each sale was paired with an option exercise, with the October 1 exercises valued at zero.
The data shows a consistent sell-side bias. Jonathan has never bought TOST shares on the open market, and his total acquired value is zero. The option exercises are mechanical events, and the sales that follow them are the only discretionary transactions in the record. The dollar values of his sales have declined from the August peak, but the cadence has not slowed: he sold in every month of the three-month window, and the October 5 sale was his most recent.
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