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sellNotable cluster of 710b5-1 plan

Stephen Fredette sold $37M of TOST

President at Toast, Inc.. 896,494 shares at an average of $41.60, traded May 9, 2025, filed May 13, 2025.

Warning score
60
Value
$37M
896,494 shares
Holdings after
224,853
-63% from before
From 52-week low
+63%
low $25.00, close $40.84
From 52-week high
-6%
high $43.54, as of May 9, 2025

Score components

  • Role
    President
    +20
  • Trade size
    $37.3M at market
    +25
  • Share of holdings sold
    Sold 63% of holdings
    +20
  • Cluster
    7 insiders selling within 14 days
    +15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -3.2%, 3m +0.3%, 6m -14.2%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

TOSTOct 9, 2026 · close 31.31
Since filing May 13, 2025: -28.8%SPY +34.8% · excess -63.6%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001650164-25-000183, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 9, 2025SOpen-market sale
Class A Common Stock10b5-1
-75,352$40.66$3.1M1,337,756May 13, 2025
May 9, 2025SOpen-market sale
Class A Common Stock10b5-1
-124,734$41.16$5.1M1,213,022May 13, 2025
May 9, 2025SOpen-market sale
Class A Common Stock10b5-1
-54,425$42.15$2.3M1,158,597May 13, 2025
May 9, 2025SOpen-market sale
Class A Common Stockindirect: By the SHFA 2021 Nominee Trust10b5-1
-83,438$40.65$3.4M2,038,013May 13, 2025
May 9, 2025SOpen-market sale
Class A Common Stockindirect: By the SHFA 2021 Nominee Trust10b5-1
-141,867$41.15$5.8M1,896,146May 13, 2025
May 9, 2025SOpen-market sale
Class A Common Stockindirect: By the SHFA 2021 Nominee Trust10b5-1
-59,757$42.15$2.5M1,836,389May 13, 2025
May 9, 2025SOpen-market sale
Class A Common Stockindirect: By the SHFA Family Trust10b5-1
-35,270$40.72$1.4M324,057May 13, 2025
May 9, 2025SOpen-market sale
Class A Common Stockindirect: By the SHFA Family Trust10b5-1
-33,538$41.25$1.4M290,519May 13, 2025
May 9, 2025SOpen-market sale
Class A Common Stockindirect: By the SHFA Family Trust10b5-1
-32,931$42.13$1.4M257,588May 13, 2025
May 12, 2025SOpen-market sale
Class A Common Stock10b5-1
-104,087$42.52$4.4M1,054,510May 13, 2025
May 12, 2025GGift
Class A Common Stock10b5-1
-107,738$0.00$0946,772May 13, 2025
May 12, 2025SOpen-market sale
Class A Common Stockindirect: By the SHFA 2021 Nominee Trust10b5-1
-118,360$42.52$5.0M1,718,029May 13, 2025
May 12, 2025SOpen-market sale
Class A Common Stockindirect: By the SHFA Family Trust10b5-1
-32,735$42.51$1.4M224,853May 13, 2025

Related signals

Other insiders at Toast, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
8Weak
TOSTsell 510b5-1
Toast, Inc.
Jonathan Vassil
Chief Revenue Officer
$230k
7,623 shares
-9%
27Weak
TOSTsell 5
Toast, Inc.
Brian R Elworthy
General Counsel
$191k
6,507 shares
-3%
33Weak
TOSTsell 5
Toast, Inc.
Stephen Fredette
President
$275k
9,368 shares
-1%
37Weak
TOSTsell 5
Toast, Inc.
Elena Gomez
President, CFO
$349k
11,886 shares
-6%
47Moderate
TOSTsell 5
Toast, Inc.
Aman Narang
CEO
$432k
14,713 shares
-15%
16Weak
TOSTsell 510b5-1
Toast, Inc.
Jonathan Vassil
Chief Revenue Officer
$400k
13,465 shares
-16%
3Weak
TOSTsell10b5-1
Toast, Inc.
Jonathan Vassil
Chief Revenue Officer
$484k
14,280 shares
-17%
40Moderate
TOSTsell 310b5-1
Toast, Inc.
Jonathan Vassil
Chief Revenue Officer
$3.1M
85,280 shares
-55%
18Weak
TOSTsell 310b5-1
Toast, Inc.
Jonathan Vassil
Chief Revenue Officer
$502k
13,931 shares
-17%
18Weak
TOSTsell 410b5-1
Toast, Inc.
Jonathan Vassil
Chief Revenue Officer
$497k
13,797 shares
-16%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Stephen Fredette sold $37M of TOST | InsiderTell