[Form 4] Toll Brothers, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Robert Parahus, identified as President & COO and a director of Toll Brothers, Inc. (TOL), reported an open-market sale of common stock on 08/21/2025. The filing shows 9,831 shares sold (transaction code S) at a volume-weighted average price of $130.8361, with actual sale prices ranging from $130.61 to $131.07. After the sale, the reporting person beneficially owned 19,692 shares in a direct ownership form. No derivative transactions were reported. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/22/2025.

Insights

Financial Analyst

TL;DR: Insider sold 9,831 shares at ~$130.84; ownership reduced to 19,692 shares — a routine disclosure, not clearly material to valuation.

The sale represents a single open-market disposition recorded under Section 16. The reported VWAP and price range provide transparency about execution. There are no accompanying derivative exercises or additional purchases to alter net exposure. Without context on total outstanding shares or recent transactions, the sale alone is neutral from a company fundamentals perspective.

Corporate Governance Expert

TL;DR: Form 4 properly reports an officer/director sale and discloses price details; filing appears procedurally complete.

The filing identifies the reporting person, relationship to the issuer (President & COO and director), transaction date, quantity sold, VWAP, and post-transaction beneficial ownership. The inclusion of a price range and an attorney-in-fact signature supports compliance with Section 16 reporting requirements. No indications of late filing or undisclosed derivative positions are present in this document.

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
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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^*

Parahus Robert

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		S		9,831	D	$130.8361(1)	19,692	D

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. Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $130.61 to $131.07. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

	/s/ Michael J. Grubb, attorney-in-fact	08/22/2025
	** 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) report on this Form 4?

The Form 4 reports that Robert Parahus sold 9,831 shares of Toll Brothers common stock on 08/21/2025.

At what price were the TOL shares sold by the insider?

The volume-weighted average price reported was $130.8361; actual sale prices ranged from $130.61 to $131.07.

How many Toll Brothers shares does the reporting person own after the sale?

Following the transaction, the reporting person beneficially owned 19,692 shares in direct ownership form.

Were any options, warrants, or other derivative transactions reported?

No. Table II (derivative securities) contains no reported transactions in this filing.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Michael J. Grubb, attorney-in-fact on 08/22/2025 on behalf of the reporting person.