Sato Koji 4

What Happened
Sato Koji, Vice Chairman of Toyota Motor Corp (TM), acquired 162 shares on June 25, 2026, at a reported price of $16.71 per share, for a total value of approximately $2,707. The filing reports this as an "other acquisition" (code J) and the shares were added to a trust under a share-based compensation program.

Key Details

• Transaction date and price: 2026-06-25, 162 shares at $16.71 each (total ≈ $2,707).
• Currency conversion: purchase was made in Japanese yen; converted at JPY 1.00 = USD 0.00618 (footnote F1).
• Holding: these shares are held in trust for the reporting person under a share-based compensation program (F2).
• Acquisition method: acquired through automatic reinvestment of dividends under the program (F3), which is why the filing uses code J ("other acquisition").
• Filing timeliness: Reported on 2026-06-29; this is within the typical two-business-day Form 4 reporting window for a 2026-06-25 transaction.

Context
This was a small-value purchase (≈ $2.7k) resulting from a dividend reinvestment into a compensation trust — a routine administrative transaction rather than an open-market buy intended as a public bullish signal. Such reinvestments are common and typically reflect plan mechanics instead of a discretionary insider purchase.