# EDGAR Filing Document

**Accession Number:** 0000794170
**File Stem:** 0000794170-25-000087
**Filing Date:** 2025-11
**Character Count:** 6647
**Document Hash:** 5182549ab37fcbc33073b00c31ccedaf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000794170-25-000087.hdr.sgml**: 20251107

**ACCESSION NUMBER**: 0000794170-25-000087

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251101

**FILED AS OF DATE**: 20251107

**DATE AS OF CHANGE**: 20251107

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Ziegler Gregg L.
- **CENTRAL INDEX KEY:** 0002079077

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09186
- **FILM NUMBER:** 251462633

**MAIL ADDRESS:**
- **STREET 1:** 1140 VIRGINIA DRIVE
- **CITY:** FORT WASHINGTON
- **STATE:** PA
- **ZIP:** 19034
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Toll Brothers, Inc.
- **CENTRAL INDEX KEY:** 0000794170
- **STANDARD INDUSTRIAL CLASSIFICATION:** OPERATIVE BUILDERS [1531]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 232416878
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**BUSINESS ADDRESS:**
- **STREET 1:** 1140 VIRGINIA DRIVE
- **CITY:** FORT WASHINGTON
- **STATE:** PA
- **ZIP:** 19034
- **BUSINESS PHONE:** 2159388000

**MAIL ADDRESS:**
- **STREET 1:** 1140 VIRGINIA DRIVE
- **CITY:** FORT WASHINGTON
- **STATE:** PA
- **ZIP:** 19034

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TOLL BROTHERS INC
- **DATE OF NAME CHANGE:** 19920703

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Ziegler Gregg L.<br><sub>(Last) (First) (Middle)</sub><br>1140 VIRGINIA DRIVE<br><sub>(Street)</sub><br>FORT WASHINGTON, PA 19034<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>Toll Brothers, Inc. [ TOL ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2025-11-01 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_Chief Financial Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock | 15626 | D |  |
| Common Stock | 140.7853 | I | 401(k) Plan |
| Common Stock | 219.913 | I | IRA |
| Common Stock | 109.956 | I | Roth IRA |
| Common Stock | 40.685 | I | Spouse |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Stock Options (Right to Buy) | 2018-12-18<sup>(1)</sup> | 2027-12-18 | Common Stock | 2555 | $47.84 | D |  |
| Stock Options (Right to Buy) | 2020-12-18<sup>(2)</sup> | 2029-12-18 | Common Stock | 5166 | $39.51 | D |  |
| Stock Options (Right to Buy) | 2023-12-19<sup>(3)</sup> | 2032-12-19 | Common Stock | 2804 | $50.11 | D |  |
| Stock Options (Right to Buy) | 2019-12-20<sup>(4)</sup> | 2028-12-20 | Common Stock | 4500 | $32.42 | D |  |
| Stock Options (Right to Buy) | 2022-12-20<sup>(5)</sup> | 2031-12-20 | Common Stock | 2156 | $67.15 | D |  |
| Restricted Stock Units | 2023-12-01<sup>(6)</sup> | 2026-12-01 | Common Stock | 3293 | $0 | D |  |
| Restricted Stock Units | 2025-12-01<sup>(7)</sup> | 2028-12-01 | Common Stock | 2222 | $0 | D |  |
| Restricted Stock Units | 2022-12-01<sup>(8)</sup> | 2025-12-01 | Common Stock | 2346 | $0 | D |  |
| Restricted Stock Units | 2024-12-01<sup>(9)</sup> | 2027-12-01 | Common Stock | 2449 | $0 | D |  |
| Restricted Stock Units | 2025-01-31<sup>(10)</sup> | 2026-01-31 | Common Stock | 4897 | $0 | D |  |

---

### Footnotes:

(1) Vested 25% on 12/18/2018, 2019, 2020 and 2021. Exercisable as of vesting date.

(2) Vested 25% on 12/18/2020, 2021, 2022 and 2023. Exercisable as of vesting date.

(3) Vesting 25% on 12/19/2023, 2024, 2025 and 2026. Exercisable as of vesting date.

(4) Vested 25% on 12/20/2019, 2020, 2021 and 2022. Exercisable as of vesting date.

(5) Vesting 25% on 12/20/2022, 2023, 2024 and 2025. Exercisable as of vesting date.

(6) These restricted stock units vest 25% on each of December 1, 2023, 2024, 2025 and 2026. Settlement of 100% of these shares will be on December 1, 2026.

(7) These restricted stock units vest 25% on each of December 1, 2025, 2026, 2027 and 2028. Settlement of 100% of these shares will be on December 1, 2028.

(8) These restricted stock units vest 25% on each of December 1, 2022, 2023, 2024 and 2025. Settlement of 100% of these shares will be on December 1, 2025.

(9) These restricted stock units vest 25% on each of December 1, 2024, 2025, 2026 and 2027. Settlement of 100% of these shares will be on December 1, 2027.

(10) These restricted stock units vest 50% on each of January 31, 2025 and 2026. Settlement of 100% of these shares will be on January 31, 2026.

**Signature:** /s/ Michael J. Grubb, attorney-in-fact  
**Date:** 2025-11-07

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**