Toast CEO Aman Narang Sells 138,000 Shares for $4.9 Million Amid Stock's 24% Dip
Liquidation reduced his equity stake by 21% through a pre-arranged trading plan, though he retains over 533,000 shares across direct and indirect holdings.
Overview
Aman Narang, CEO of Toast, Inc. (NYSE:TOST), reported a sale of 138,052 shares for ~$4.9 million. SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($35.27); post-transaction value based on August 06, 2026, 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 6,500 employees and 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.