Douglas C. Yearley Jr. - 01 Dec 2025 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: 01 Dec 2025
Transactions value $: -$3,173,582
Form type: 4
Filing time: 02 Dec 2025, 17:09:02 UTC
Previous filing: 10 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Yearley Douglas C. Jr.	Chief Executive Officer, Director	1140 VIRGINIA DRIVE, FORT WASHINGTON	/s/ Michael J. Grubb, attorney-in-fact	02 Dec 2025	0001476755

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Options Exercise	$0	+55.8K	+21%	$0.00	322K	01 Dec 2025	Direct
transaction	TOL	Common Stock	Tax liability	-$3.17M	-22.7K	-7.05%	$139.83	299K	01 Dec 2025	Direct
holding	TOL	Common Stock						1.55K	01 Dec 2025	401(k) Plan
holding	TOL	Common Stock						500	01 Dec 2025	Trust
holding	TOL	Common Stock						80.5K	01 Dec 2025	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	Restricted Stock Units	Options Exercise	$0	-55.8K	-100%	$0.00	0	01 Dec 2025	Common Stock	55.8K	$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 of December 1, 2022, 2023, 2024 and 2025. Settlement of 100% of these shares occurred on December 2, 2025.