Michael J. Grubb - 01 Dec 2023 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: SVP & Chief Accounting Officer
Signature: /s/ Kevin J. Coen, attorney-in-fact
Issuer symbol: TOL
Transactions as of: 01 Dec 2023
Net transactions value: -$43,031
Form type: 4
Filing time: 05 Dec 2023, 16:17:20 UTC
Previous filing: 13 Jul 2023
Next filing: 22 Dec 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	$0	+1,899	+158%	$0.000000	3,103	01 Dec 2023	Direct
transaction	TOL	Common Stock	Tax liability	$43,031	-501	-16%	$85.89	2,602	01 Dec 2023	Direct
holding	TOL	Common Stock						175	01 Dec 2023	401(k) Plan

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	Restricted Stock Units	Options Exercise	$0	-1,899	-100%	$0.000000^*	0	01 Dec 2023	Common Stock	1,899	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These restricted stock units vested 25% on each December 1, 2020, 2021, 2022 and 2023. Settlement of 100% of these shares occurred on December 1, 2023.