A Toast Insider Sold $600,000 in Stock on a Plan. Here's What to Know
Gomez's 9% equity reduction leaves her with 168,000 shares valued at roughly $5.8 million.
Overview
Elena Gomez, the president and CFO of Toast, Inc. (NYSE:TOST), sold 17,076 shares of Class A Common Stock on August 5 and August 6, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($35.28); post-transaction value based on the August 6 market close ($34.72).
Details
Toast, Inc. is a leading provider of cloud-based restaurant management software with a market capitalization of $20.1 billion and TTM revenue of $6.8 billion, demonstrating significant scale within the restaurant technology sector. The company's competitive advantage derives from its vertically integrated platform combining point-of-sale systems, payment processing, and operational management tools specifically engineered for restaurant workflows. With a presence across North America and Ireland, Toast maintains a strong position in the digital transformation of the foodservice industry.
Source
Originally published at www.fool.com.