{"schema_version":"secwatch.filing_event.v1","accession":"0001650164-23-000159","form_type":"8-K","ticker":"TOST","cik":"0001650164","company_name":"Toast, Inc.","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.839554+00:00","generated_at":"2026-06-15T13:32:18.957186+00:00","sec_items":["1.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Toast terminates Boston lease for ~134K sq ft; pays $16M termination fee","bullets":["Eighth floor (111,294 sq ft) lease ends June 30, 2023; fifth floor (22,495 sq ft) ends Dec 31, 2024.","Aggregate early termination fee of ~$16M; portion refundable if Landlord re-lets eighth floor by certain date.","Lease originally due to expire Dec 31, 2029; early exit reduces future rent obligations.","No further obligations for terminated spaces after surrender dates.","Toast retains fifth floor space until end of 2024 with reduced rent and parking from July 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001650164-23-000159","json":"https://secwatch.observer/filing/0001650164-23-000159.json","markdown":"https://secwatch.observer/filing/0001650164-23-000159.md","text":"https://secwatch.observer/filing/0001650164-23-000159.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1650164/000165016423000159/0001650164-23-000159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1650164/000165016423000159/tost-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T13:32:18.957186+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d9f79da729be603ee484d29153fde18aa565379b","claim":"Toast, Inc. terminated Lease Termination Agreement with ARE-MA Region No. 88 Tenant, LLC valued at approximately $16 million (effective 2023-05-04).","evidence_excerpt":"On May 4, 2023 (the “ Effective Date ”), Toast, Inc. (the “ Company ”) entered into an Agreement for Termination of Lease and Voluntary Surrender of Premises with ARE-MA Region No. 88 Tenant, LLC (the “ Landlord ”) for certain premises (the “ Premises ”), located at 401 Park Drive, Boston, Massachusetts 02215 (the “ Lease Termination Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650164/000165016423000159/0001650164-23-000159-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"ARE-MA Region No. 88 Tenant, LLC"},{"label":"Value","value":"approximately $16 million"},{"label":"Effective","value":"2023-05-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}