Toast CEO Aman Narang Sells 138,000 Shares for $4.9 Million Amid Stock's 24% Dip

Aman Narang liquidated ~138,000 shares for ~$4.9 million on Aug. 5, 2026, and Aug. 6, 2026.

The transaction reduced the CEO's total reported equity holdings by 21%.

All sales were executed indirectly through the Starlight 2026 Charitable Remainder Trust.

The activity was pre-arranged under a Rule 10b5-1 trading plan established on March 13, 2026.

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).

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.

Overall, it doesn’t appear that CEO Narang’s $5 million sale is anything for investors to worry about. The transaction was pre-planned and executed for a charitable trust, rather than anything the CEO was doing with his own cash in response to the stock’s performance. Furthermore, the CEO and co-founder of Toast holds a massive voting position in Toast’s class B shares that dwarfs this sale.