Toll Brothers (NYSE: TOL) CEO exercises options and sells 27,014 shares

Rhea-AI Filing Summary

Toll Brothers, Inc. Chief Executive Officer Douglas C. Yearley Jr. reported exercising stock options and selling common shares. He exercised stock options for 27,014 shares of common stock at an exercise price of $31.61 per share, classified as an exercise or conversion of a derivative security.

On the same date, he sold 27,014 shares of Toll Brothers common stock in an open-market transaction at a volume-weighted average price of $159.1511 per share, with actual sale prices ranging from $159.00 to $159.46 as noted in the footnote. Following these transactions, he owned 321,256 shares of common stock directly and held 77,957 stock options directly.

He also reported indirect holdings of 1,547 common shares through a 401(k) plan, 500 shares held in a trust, and 80,500 shares held by a SLAT, reflecting additional beneficial interests associated with his position.

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^*

Yearley Douglas C. Jr.

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		M		27,014	A	$31.61	348,270	D
Common Stock	02/27/2026		S		27,014	D	$159.1511(1)	321,256	D
Common Stock								1,547	I	401(k) Plan
Common Stock								500	I	Trust
Common Stock								80,500	I	By SLAT

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	02/27/2026		M			27,014	12/20/2017(2)	12/20/2026	Common Stock	27,014	$0	77,957	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 $159.00 to $159.46. 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 25% on 12/20/2017, 2018, 2019 and 2020. Exercisable as of vesting date.

	/s/ Erica J. Mainardi, attorney-in-fact	03/02/2026
	** 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).
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FAQ

What insider transaction did Toll Brothers (TOL) CEO report?

Toll Brothers CEO Douglas C. Yearley Jr. reported an option exercise and matching share sale. He exercised options for 27,014 common shares at $31.61 per share and sold 27,014 shares in the open market at a volume-weighted average price of $159.1511 per share.

How many Toll Brothers shares did the CEO sell in this Form 4 filing?

The CEO sold 27,014 Toll Brothers common shares. These shares were sold in an open-market transaction at a volume-weighted average price of $159.1511, with individual sale prices ranging between $159.00 and $159.46 according to the reported footnote details.

What stock option exercise did the Toll Brothers (TOL) CEO report?

The CEO exercised stock options covering 27,014 Toll Brothers shares. The options, which vested in 25% increments from 2017 through 2020, carried an exercise price of $31.61 per share and were exercisable as of their respective vesting dates, per the footnote disclosure.

What are the CEO’s direct Toll Brothers share and option holdings after the transaction?

After the transactions, the CEO directly held 321,256 Toll Brothers common shares. He also directly held 77,957 stock options. These figures reflect his direct ownership position following the reported option exercise and open-market sale on February 27, 2026.

What indirect Toll Brothers (TOL) holdings did the CEO report in this Form 4?

The CEO reported several indirect Toll Brothers positions. These included 1,547 common shares in a 401(k) plan, 500 shares held in a trust, and 80,500 shares held by a SLAT, representing additional beneficial interests beyond his direct holdings.

How was the sale price for the Toll Brothers CEO’s share sale calculated?

The reported sale price is a volume-weighted average of multiple trades. The volume-weighted average selling price was $159.1511 per share, with individual sale prices ranging from $159.00 to $159.46, as explained in the transaction footnote.