Toyota (NYSE: TM) vice chairman sells shares to cover tax from vesting

Rhea-AI Filing Summary

TOYOTA MOTOR CORP vice chairman Koji Sato reported selling 88,600 shares of Common Stock on June 17, 2026 at $17.83 per share in an open-market or private transaction. According to the filing, the sale was made under a Restricted Stock Agreement to cover tax liabilities upon vesting, leaving 567,600 shares held directly and 11,210 shares held indirectly in a trust under a share-based compensation program.

Insider Trade Summary

Net Seller: 88,600 shares

Net Sell 2 txns

Insider Sato Koji

Role Vice Chairman

Sold 88,600 shs ($1.58M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	88,600	$17.83	$1.58M
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 567,600 shares (Direct); Common Stock — 11,210 shares (Indirect, By Trust)

Footnotes (3)

1. F1. These shares of Common Stock were sold pursuant to terms of the underlying Restricted Stock Agreement to cover the tax liability incident to the vesting of the shares.
2. F2. These sale prices were converted from Japanese Yen to U.S. dollars based on the foreign currency exchange rate as of June 17, 2026 (at Japanese Yen 1.00 = U.S. dollar .00623).
3. F3. These shares are held in trust for the benefit of the Reporting Person under a share-based compensation program.

Key Figures

Shares sold: 88,600 shares Sale price per share: $17.83 per share Direct holdings after sale: 567,600 shares +2 more

5 metrics

Shares sold 88,600 shares Common Stock sold on June 17, 2026 by Koji Sato

Sale price per share $17.83 per share Price for 88,600 Common Stock shares sold on June 17, 2026

Direct holdings after sale 567,600 shares Common Stock directly held by Koji Sato following the June 17, 2026 sale

Indirect trust holdings 11,210 shares Common Stock held in trust under a share-based compensation program

FX rate used JPY 1.00 = USD 0.00623 Exchange rate applied to convert sale prices into U.S. dollars

Key Terms

Restricted Stock Agreement, share-based compensation program, Common Stock

3 terms

Restricted Stock Agreement financial

"sold pursuant to terms of the underlying Restricted Stock Agreement to cover the tax liability"

share-based compensation program financial

"shares are held in trust for the benefit of the Reporting Person under a share-based compensation program"

Common Stock financial

"These shares of Common Stock were sold pursuant to terms of the underlying Restricted Stock Agreement"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/20/2026 - 10:01 AM Accepted by SEC EDGAR 07/20/2026 - 10:01 AM Learn about SEC filing dates

FAQ

What insider transaction did Toyota (TM) report for Koji Sato on June 17, 2026?

Koji Sato, Toyota’s vice chairman, sold 88,600 shares of Common Stock on June 17, 2026 at $17.83 per share. The filing notes the sale was made to cover tax liabilities arising from the vesting of restricted stock.

At what price were Koji Sato’s Toyota (TM) shares sold in the June 2026 transaction?

The 88,600 shares sold by Koji Sato were priced at $17.83 per share, with prices converted from Japanese yen. The filing uses an exchange rate of JPY 1.00 = USD 0.00623 to present the U.S. dollar amounts.

How many Toyota (TM) shares does Koji Sato hold after the reported sale?

After the June 17, 2026 sale, Koji Sato holds 567,600 Toyota Common Stock shares directly. He also has an indirect position of 11,210 shares held in a trust established under a share-based compensation program for his benefit.

Why did Koji Sato sell Toyota (TM) shares in the June 2026 Form 4?

The filing states the 88,600-share sale was executed under a Restricted Stock Agreement to cover the tax liability associated with the vesting of those shares. This links the disposition directly to compensation-related tax obligations rather than discretionary trading.

How are foreign exchange rates used in Koji Sato’s Toyota (TM) share sale disclosure?

Sale prices for Koji Sato’s 88,600-share transaction are shown in U.S. dollars using a rate of JPY 1.00 = USD 0.00623. This conversion explains how the reported $17.83 per-share price relates to the original yen-denominated transaction values.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sato Koji

(Last) (First) (Middle)

1 TOYOTA-CHO

TOYOTA CITY

(Street)

AICHI PREFECTURE 471-8571

(City) (State) (Zip)

JAPAN

(Country)

2. Issuer Name and Ticker or Trading Symbol
TOYOTA MOTOR CORP/ [ TM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice Chairman

2a. Foreign Trading Symbol
[7203]

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2026		S		88,600(1)	D	$17.83(2)	567,600	D
Common Stock								11,210	I	By Trust(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares of Common Stock were sold pursuant to terms of the underlying Restricted Stock Agreement to cover the tax liability incident to the vesting of the shares.

2. These sale prices were converted from Japanese Yen to U.S. dollars based on the foreign currency exchange rate as of June 17, 2026 (at Japanese Yen 1.00 = U.S. dollar .00623).

3. These shares are held in trust for the benefit of the Reporting Person under a share-based compensation program.

	/s/ Yoshihide Moriyama, by PoA from Koji Sato	07/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)