TOYO Co. (TOYO) Chief Strategy Officer holds 100,008 unvested RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

TOYO Co., Ltd executive Resch Rhone A., the Chief Strategy Officer, has filed an initial statement of ownership showing 100,008 unvested ordinary shares underlying restricted stock units (RSUs). Each RSU represents a contingent right to receive one ordinary share with a par value of $0.0001.

According to the employment agreement dated March 30, 2026, 8,334 RSUs vest in monthly installments, starting from March 2026. Vesting is conditioned on the executive’s continued employment and compliance with the terms of the employment agreement, so these shares will be earned gradually over time rather than all at once.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Resch Rhone A.

Role Chief Strategy Officer

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 100,008 shares (Direct)

Footnotes (1)

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Key Figures

Unvested RSUs: 100,008 shares Monthly vesting amount: 8,334 RSUs Par value per share: $0.0001 per share +1 more

4 metrics

Unvested RSUs 100,008 shares Unvested ordinary shares underlying RSUs reported on Form 3

Monthly vesting amount 8,334 RSUs RSUs vesting in monthly installments commencing from March 2026

Par value per share $0.0001 per share Ordinary shares underlying TOYO RSUs

Employment agreement date March 30, 2026 Date of employment agreement governing RSU grant and vesting

Key Terms

restricted stock units, unvested, par value, contingent right

4 terms

restricted stock units financial

"Represents 100,008 unvested ordinary shares underlying Issuer's restricted stock units (the "RSUs")"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

unvested financial

"Represents 100,008 unvested ordinary shares underlying Issuer's restricted stock units"

par value financial

"Each RSU represents a contingent right to receive one ordinary share, par value $0.0001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

contingent right financial

"Each RSU represents a contingent right to receive one ordinary share"

Understanding Insider Trading Forms →

04/08/2026 - 05:54 PM

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Resch Rhone A.

(Last)

(First)

(Middle)

TENNOZ FIRST TOWER F16 2-2-4

HIGASHI-SHINAGAWA SHINAGAWA-KU

(Street)

TOKYO

140-0002

(City)

(State)

(Zip)

JAPAN

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/30/2026

3. Issuer Name and Ticker or Trading Symbol
TOYO Co., Ltd [ TOYO ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	100,008⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

1. Represents 100,008 unvested ordinary shares underlying Issuer's restricted stock units (the "RSUs") granted to the Reporting Person pursuant to that certain employment agreement dated March 30, 2026 (the "Employment Agreement"). Each RSU represents a contingent right to receive one ordinary share, par value $0.0001 per share, of the Issuer. Commending from March 2026, each 8,334 RSUs vest in monthly installment, subject to the Reporting Person's continued employment on each such applicable vesting date and the terms and conditions in the Employment Agreement

	/s/ Rhone A. Resch	04/08/2026
	** 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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider position does Resch Rhone A. report at TOYO (TOYO)?

Resch Rhone A., Chief Strategy Officer of TOYO, reports holding 100,008 unvested ordinary shares underlying restricted stock units. These RSUs were granted under an employment agreement and will vest over time, giving a contingent right to receive ordinary shares as employment continues.

How many TOYO (TOYO) RSUs are reported on this Form 3?

The filing reports 100,008 unvested ordinary shares underlying restricted stock units. Each RSU equals one ordinary share of TOYO with a par value of $0.0001, contingent on vesting conditions tied to the executive’s employment agreement dated March 30, 2026.

What is the vesting schedule for TOYO (TOYO) RSUs held by the CSO?

Starting from March 2026, 8,334 RSUs vest in monthly installments. Vesting depends on the Chief Strategy Officer’s continued employment on each vesting date and compliance with the terms and conditions specified in the March 30, 2026 employment agreement.

Are the TOYO (TOYO) shares reported on Form 3 fully owned or unvested?

The 100,008 ordinary shares reported are unvested and underlie restricted stock units. Each RSU provides a contingent right to one ordinary share, which only becomes fully owned as the RSUs vest under the employment agreement’s conditions.

What type of security is disclosed for TOYO (TOYO) in this Form 3?

The Form 3 discloses unvested ordinary shares underlying restricted stock units, each representing a contingent right to receive one ordinary share with a par value of $0.0001. These RSUs are part of the Chief Strategy Officer’s compensation package.