Stuart A. Miller - 12 Feb 2025 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN)

Role
Executive Chairman & Co-CEO, Director, 10%+ Owner
Signature
/s/ Mark Sustana as attorney-in-fact for Stuart Miller
Issuer symbol
LEN
Transactions as of
12 Feb 2025
Net transactions value
$0
Form type
4
Filing time
14 Feb 2025, 17:40:20 UTC
Previous filing
17 Jan 2025
Next filing
03 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEN, LEN.B Class A Common Stock Gift $0 -8,500 -0.54% $0.000000 1,578,087 12 Feb 2025 Direct
holding LEN, LEN.B Class B Common Stock 121,323 12 Feb 2025 Direct
holding LEN, LEN.B Class A Common Stock 6,600 12 Feb 2025 By GRAT 1 F1
holding LEN, LEN.B Class A Common Stock 200,000 12 Feb 2025 By GRAT 2 F2
holding LEN, LEN.B Class A Common Stock 14,476 12 Feb 2025 By Trust F3
holding LEN, LEN.B Class A Common Stock 20,255 12 Feb 2025 By ESOP Trust F4
holding LEN, LEN.B Class B Common Stock 2,554 12 Feb 2025 By ESOP Trust F4
holding LEN, LEN.B Class B Common Stock 21,619,137 12 Feb 2025 By Family Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held by a Grantor Retained Annuity Trust ("GRAT 1") of which Mr. Miller is the sole beneficiary and sole annuitant, as well as the trustee. Mr. Miller continues to report beneficial ownership of all of the Lennar Class A common stock held by GRAT 1 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F2 These shares are held by a Grantor Retained Annuity Trust ("GRAT 2") of which Mr. Miller is the sole beneficiary and sole annuitant, as well as the trustee. Mr. Miller continues to report beneficial ownership of all of the Lennar Class A common stock held by GRAT 2 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F3 Mr. Miller has sole voting and investment power with respect to these shares, even though he has only limited pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.
F4 Represents the number of shares indirectly held by the Reporting Person, as reflected in the Reporting Person's Employee Stock Ownership Plan ("ESOP") account on January 31, 2025.