Douglas C. Yearley Jr. - 09 Dec 2022 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: 09 Dec 2022
Transactions value $: -$1,248,436
Form type: 4
Filing time: 12 Dec 2022, 16:18:43 UTC
Previous filing: 09 Dec 2022
Next filing: 20 Dec 2022
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	$2.37M	+73.6K	+37.83%	$32.22	268K	09 Dec 2022	Direct
transaction	TOL	Common Stock	Sale	-$3.62M	-73.6K	-27.45%	$49.17	195K	09 Dec 2022	Direct	F1, F2
holding	TOL	Common Stock						1.55K	09 Dec 2022	401(k) Plan
holding	TOL	Common Stock						500	09 Dec 2022	Trust
holding	TOL	Common Stock						80.5K	09 Dec 2022	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	-73.6K	-49.54%	$0.00	75K	09 Dec 2022	Common Stock	73.6K	$32.22	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The Reporting person will provide, upon request by SEC staff, the issuer or a security holder, the full information about the number of shares sold at each separate sales price.
F2	Weighted average sales price. Actual sale prices ranged from $49.00 to $49.33.
F3	Vested 25% on 12/17/2013, 2014, 2015 and 2016. Exercisable as of vesting date.