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

Rhea-AI Filing Summary

Toll Brothers, Inc. director John A. McLean exercised stock options for 2,313 shares of common stock at a price of $31.61 per share and received the underlying shares. He then sold 2,313 common shares in an open-market transaction at a volume-weighted average price of $153.4322 per share, with actual sale prices ranging from $153.40 to $153.59. After these transactions, he directly owned 17,369 Toll Brothers common shares.

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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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^*

McLean John A

(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)
03/04/2026

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	03/04/2026		M		2,313	A	$31.61	19,682	D
Common Stock	03/04/2026		S		2,313	D	$153.4322(1)	17,369	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
Stock Options (Right to Buy)	$31.61	03/04/2026		M			2,313	12/20/2017(2)	12/20/2026	Common Stock	2,313	$0	0	D

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 $153.40 to $153.59. 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.

2. Vested 50% on 12/20/2017 and 2018. Exercisable as of the vesting date.

	/s/ Erica J. Mainardi, attorney-in-fact	03/04/2026
	** 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.

FAQ

What insider transactions did Toll Brothers (TOL) director John A. McLean report?

John A. McLean reported exercising options for 2,313 Toll Brothers shares and immediately selling 2,313 common shares in an open-market transaction. These transactions were recorded on the same date and reflect a derivative exercise followed by a sale.

How many Toll Brothers (TOL) shares did John A. McLean sell and at what price?

John A. McLean sold 2,313 Toll Brothers common shares at a volume-weighted average price of $153.4322 per share. Actual sale prices ranged from $153.40 to $153.59, based on multiple trades executed within that range.

What stock option activity did Toll Brothers (TOL) director John A. McLean report?

He exercised stock options covering 2,313 Toll Brothers shares at an exercise price of $31.61 per share. The options had vested in two 50% tranches in 2017 and 2018 and were exercisable as of the vesting dates.

How many Toll Brothers (TOL) shares does John A. McLean own after these transactions?

Following the reported exercise and sale, John A. McLean directly owned 17,369 Toll Brothers common shares. This figure reflects his direct holdings immediately after completing the option exercise and subsequent open-market sale of 2,313 shares.

Were the reported Toll Brothers (TOL) share sales by John A. McLean open-market transactions?

Yes, the 2,313 Toll Brothers shares were sold in an open-market transaction. The filing describes the transaction with code “S,” indicating an open-market or private sale, and provides a volume-weighted average sale price with a detailed price range.

What does the volume-weighted average price mean in John A. McLean’s Toll Brothers (TOL) sale?

The volume-weighted average price of $153.4322 reflects the average of multiple trades totaling 2,313 shares. Individual trades occurred between $153.40 and $153.59, and the average weights each trade’s price by the number of shares sold at that price.