Michael J. Grubb - Dec 1, 2023 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: SVP & Chief Accounting Officer
Signature: /s/ Kevin J. Coen, attorney-in-fact
Stock symbol: TOL
Transactions as of: Dec 1, 2023
Transactions value $: -$43,031
Form type: 4
Date filed: 12/5/2023, 04:17 PM
Previous filing: Jul 13, 2023
Next filing: Dec 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Options Exercise	$0	+1.9K	+157.72%	$0.00	3.1K	Dec 1, 2023	Direct
transaction	TOL	Common Stock	Tax liability	-$43K	-501	-16.15%	$85.89	2.6K	Dec 1, 2023	Direct
holding	TOL	Common Stock						175	Dec 1, 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	-1.9K	-100%	$0.00^*	0	Dec 1, 2023	Common Stock	1.9K	$0.00	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.