[144] Toll Brothers, Inc. SEC Filing

Rhea-AI Filing Summary

Toll Brothers insider sale notice: This Form 144 states that 3,812 shares of Toll Brothers, Inc. common stock were proposed for sale through Charles Schwab & Co., Inc. on 09/05/2025 with an aggregate market value of $562,848.00. The shares were acquired the same day via an employee stock option exercise and the payment method was a broker cashless exercise. The filing reports 96,383,000 shares outstanding and names the NYSE as the exchange. No securities of the issuer were reported sold by the person in the prior three months, and the filer represents no undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine insider sale following an employee option exercise; transaction appears procedural rather than material.

The Form 144 documents a proposed sale of 3,812 shares valued at $562,848 executed via a broker cashless exercise on the acquisition date.

This filing is procedural: it notifies the market of an intended sale under Rule 144 by a person who acquired shares through an employee option exercise. The quantity represents a very small fraction of the reported 96,383,000 shares outstanding, suggesting limited market impact. The filing includes the broker's name and the exchange, and states there were no related sales in the prior three months.

Corporate Governance Expert

TL;DR: Compliance-driven disclosure of an insider liquidity event; no governance red flags in the form.

The notice confirms the seller made the required representation about not possessing undisclosed material information and discloses the nature of acquisition as an employee stock option exercise with broker-assisted cashless payment.

Form 144 is a standard mechanism to notify regulators and the market of proposed sales by affiliates. The filing contains the key procedural elements: number of shares, aggregate value, broker, exchange, acquisition details, and the seller's certification. There are no statements of prior sales in the past three months, and no other remarks indicating governance concerns.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Toll Brothers, Inc.	Charles Schwab & Co., Inc. 3000 Schwab Way Westlake TX 76262	3812	562848.00	96383000	09/05/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/05/2025	Employee Stock Option Exercise	Toll Brothers, Inc.			3812	09/05/2025	Broker Payment for Cashless Exercise

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Toll Brothers (TOL) Form 144 disclose?

The Form 144 discloses a proposed sale of 3,812 common shares valued at $562,848.00 to be sold via Charles Schwab & Co. on 09/05/2025 on the NYSE.

How were the Toll Brothers shares acquired according to the filing?

The shares were acquired on 09/05/2025 through an employee stock option exercise, with payment via a broker cashless exercise.

Does the filing report any sales of Toll Brothers shares in the prior three months?

No. The Form 144 states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

What representation does the seller make in the Form 144?

By signing the notice, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

Which broker and exchange are listed for the proposed sale?

The broker is Charles Schwab & Co., Inc. and the listed exchange is the NYSE.