Toll Brothers (TOL) COO Parahus disposes of 7,500 shares via exchange fund

Rhea-AI Filing Summary

Toll Brothers President & COO Robert Parahus reported a sale of 7,500 shares of common stock at $149.66 per share on June 18, 2026. The transaction is described as an open-market sale, and a footnote notes the shares were contributed to an exchange fund in exchange for fund shares. After this disposition, he directly owns 23,457 Toll Brothers shares.

Insights

Insider transactions analyst

Parahus reported a mid-sized share disposition via an exchange fund.

President & COO Robert Parahus reported disposing of 7,500 shares of Toll Brothers common stock at $149.66 per share. The filing codes it as an open-market sale, while the footnote clarifies the shares were contributed to an exchange fund in return for fund shares.

Following the transaction, he directly holds 23,457 shares. The filing shows no remaining derivative positions. Because the move appears tied to portfolio structuring rather than new option exercises or a very large liquidation, it looks like a routine diversification step based on the information provided.

Insider Trade Summary

Net Seller: 7,500 shares ($1,122,450)

Net Sell 1 txn

Insider Parahus Robert

Role President & COO

Sold 7,500 shs ($1.12M)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,500	$149.66	$1.12M

Holdings After Transaction: Common Stock — 23,457 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 7,500 shares Sale price per share: $149.66 per share Shares owned after transaction: 23,457 shares +2 more

5 metrics

Shares sold 7,500 shares Common Stock disposition on June 18, 2026

Sale price per share $149.66 per share Valuation used for exchange fund contribution

Shares owned after transaction 23,457 shares Direct holdings after June 18, 2026 transaction

Net share change -7,500 shares Net-sell direction in transaction summary

Role of insider President & COO Officer title of reporting person Robert Parahus

Key Terms

exchange fund, open-market sale, Common Stock, transaction code "S"

4 terms

exchange fund financial

"contributed the registrant's common stock to an exchange fund in exchange for shares of the exchange fund"

An exchange fund is a pooled investment vehicle where holders of a single, highly appreciated stock swap their shares for pro rata interests in a diversified basket, allowing them to reduce concentration risk without immediately selling and triggering a large capital gains tax. It matters to investors because it provides instant diversification and potential tax deferral—like trading one oversized slice of pie for many smaller slices—though it usually carries fees, a multi‑year lockup and less control over exact timing of liquidity.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

""security_title": "Common Stock""

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.

transaction code "S" regulatory

""transaction_code": "S""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 04:59 PM Accepted by SEC EDGAR 06/22/2026 - 04:59 PM Learn about SEC filing dates

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^*

Parahus Robert

(Last) (First) (Middle)

1140 VIRGINIA DRIVE

(Street)

FORT WASHINGTON PENNSYLVANIA 19034

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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	06/18/2026		S		7,500	D	$149.66(1)	23,457	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. The reporting person contributed the registrant's common stock to an exchange fund in exchange for shares of the exchange fund. The registrant's common stock was valued at $149.66 per share for purposes of determining the number of shares of the exchange fund issuable to the reporting person.

	/s/ Erica J. Mainardi, attorney-in-fact	06/22/2026
	** 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)

FAQ

What insider transaction did Toll Brothers (TOL) report for Robert Parahus?

Toll Brothers President & COO Robert Parahus reported disposing of 7,500 shares of common stock. The shares were valued at $149.66 each and contributed to an exchange fund, with the Form 4 coding the event as an open-market sale transaction.

At what price did Robert Parahus’s Toll Brothers (TOL) Form 4 transaction occur?

The reported transaction for Robert Parahus used a price of $149.66 per Toll Brothers share. This valuation determined how many exchange fund shares he received when contributing his Toll Brothers stock to the fund, according to the Form 4 footnote.

How many Toll Brothers (TOL) shares does Robert Parahus hold after the reported sale?

After the reported disposition, Robert Parahus directly owns 23,457 shares of Toll Brothers common stock. This post-transaction holding figure is disclosed in the Form 4 and reflects only his direct ownership position reported in this filing.

What does the exchange fund disclosure mean in the Toll Brothers (TOL) Form 4?

The Form 4 explains that Parahus contributed Toll Brothers common stock to an exchange fund in return for exchange fund shares. The company’s stock was valued at $149.66 per share to calculate the number of fund shares issued to him in this transaction.

Does the Toll Brothers (TOL) Form 4 show any option exercises by Robert Parahus?

The filing shows no derivative transactions or option exercises for Robert Parahus. The Form 4 derivative summary is empty, indicating this report covers only the common stock disposition tied to the exchange fund contribution at the stated share price.