Toll Brothers (TOL) director Form 4 details trust and spouse share transfers

Rhea-AI Filing Summary

Toll Brothers, Inc. reported an insider stock transfer involving a director. The Form 4 shows that on 12/23/2025 and 12/24/2025, indirect holdings in common stock held through a trust were adjusted using transaction code G, which indicates a gift or similar transfer. The trust transferred 1,218 shares and then 72 shares, both at a stated price of $0, leaving the trust with 10,300 shares held indirectly. The filing also notes 124 shares of common stock held indirectly through the director’s spouse. No derivative securities transactions were reported.

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

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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^*

GARVEY CHRISTINE

(Last) (First) (Middle)

1140 VIRGINIA DRIVE

(Street)

FORT WASHINGTON PA 19034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Toll Brothers, Inc. [ TOL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/23/2025

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

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

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

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	12/23/2025		G		1,218	D	$0	10,372	I	Trust
Common Stock	12/24/2025		G		72	D	$0	10,300	I	Trust
Common Stock								0	D
Common Stock								124	I	Spouse

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:

	/s/ Michael J. Grubb, attorney-in-fact	12/30/2025
	** 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.

FAQ

What insider transaction did Toll Brothers (TOL) disclose in this Form 4?

The filing reports a Toll Brothers director changing indirect ownership of common stock through gifts or similar transfers, coded as G, affecting shares held in a trust and by a spouse.

How many Toll Brothers (TOL) shares were transferred by the trust?

The trust transferred 1,218 shares of Toll Brothers common stock on 12/23/2025 and 72 shares on 12/24/2025, both at a stated price of $0.

What does transaction code G mean in this Toll Brothers (TOL) Form 4?

Transaction code G indicates a gift or similar transfer of securities, rather than an open-market purchase or sale for cash consideration.

How many Toll Brothers (TOL) shares does the trust hold after the reported transactions?

After the reported transactions, the Form 4 shows the trust indirectly holding 10,300 shares of Toll Brothers common stock.

What indirect Toll Brothers (TOL) holdings are reported through the director’s spouse?

The Form 4 reports 124 shares of Toll Brothers common stock held indirectly through the director’s spouse.

Were any derivative securities reported in this Toll Brothers (TOL) Form 4?

No. The table for derivative securities shows no acquired, disposed, or beneficially owned derivative positions for this reporting person.