Sato Koji 4

What Happened
Koji Sato, Vice Chairman of Toyota Motor Corp (TM), sold 88,600 shares in an open-market/private sale on June 17, 2026 at $17.83 per share, for a total of $1,579,738. The filing shows this disposal was to cover tax liabilities arising from the vesting of restricted shares.

Key Details

• Transaction date: June 17, 2026; Sale price: $17.83 per share; Total proceeds: $1,579,738.
• Transaction code: S (Sale). The sale price was converted from Japanese yen to U.S. dollars using the rate 1 JPY = $0.00623.
• Reason: Shares sold pursuant to the Restricted Stock Agreement to cover tax withholding on vested shares (footnote).
• Holding status: Shares were held in trust for the reporting person under a share‑based compensation program (footnote).
• Shares owned after the transaction: not specified in the filing.
• Filing date: July 20, 2026 — the Form 4 was filed 33 days after the transaction (late relative to the usual 2‑business‑day requirement).

Context
This was a routine tax‑withholding sale tied to vested restricted stock, not an open-market purchase that would suggest a direct bullish signal. Late filing is noted; late Form 4s should be monitored but do not by themselves indicate improper trading.