Douglas C. Yearley Jr. - 08 Jun 2023 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: Chief Executive Officer, Director
Signature: /s/ Michael J. Grubb, attorney-in-fact
Issuer symbol: TOL
Transactions as of: 08 Jun 2023
Net transactions value: -$2,296,640
Form type: 4
Filing time: 09 Jun 2023, 16:03:51 UTC
Previous filing: 02 Jun 2023
Next filing: 29 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Options Exercise	$2,074,440	+59,000	+24%	$35.16	305,547	08 Jun 2023	Direct
transaction	TOL	Common Stock	Sale	$4,371,080	-59,000	-19%	$74.09	246,547	08 Jun 2023	Direct	F1
holding	TOL	Common Stock						1,547	08 Jun 2023	401(k) Plan
holding	TOL	Common Stock						500	08 Jun 2023	Trust
holding	TOL	Common Stock						80,500	08 Jun 2023	By SLAT

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TOL	Stock Options (Right to Buy)	Options Exercise	$0	-59,000	-100%	$0.000000^*	0	08 Jun 2023	Common Stock	59,000	$35.16	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 $74.00 to $74.31. 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.
F2	Vested 25% on 12/20/2014, 2015, 2016 and 2017. Exercisable as of the vesting date.