Toast CEO Aman Narang sells $4.9 million in shares

Toast, Inc. CEO Aman Narang sold 138,052 shares for approximately $4.9 million. The transaction was conducted through a Rule 10b5-1 trading plan adopted by the Starlight 2026 Charitable Remainder Trust on March 13, 2026. Despite the sale, Narang retains significant equity, including 70,451 shares held directly and 462,698 shares held indirectly through various family and charitable trusts.

Simultaneously, institutional interest in Toast remains active. Chesley Taft & Associates LLC established a new position in the company by purchasing 57,600 shares, valued at roughly $1.6 million, during the second quarter. Other major institutional holders, such as State Street Corp, continue to maintain or grow their positions. Analyst sentiment has been mixed but generally positive, with several firms, including Goldman Sachs and Citigroup, issuing buy ratings or raising price targets.