Carlos A. Migoya - 26 Nov 2025 Form 4 Insider Report for Millrose Properties, Inc. (MRP)

Role: Director
Signature: /s/ Rachel Presa, attorney-in-fact
Issuer symbol: MRP
Transactions as of: 26 Nov 2025
Net transactions value: $0
Form type: 4
Filing time: 01 Dec 2025, 16:20:39 UTC
Previous filing: 14 Nov 2025
Next filing: 12 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MIGOYA CARLOS A.	Director	C/O MILLROSE PROPERTIES, INC., 600 BRICKELL AVENUE, SUITE 1400, MIAMI	/s/ Rachel Presa, attorney-in-fact	01 Dec 2025	0001367430

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRP	Class A Common Stock	Purchase		+219	+1.3%		16,985	26 Nov 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On October 10, 2025, Lennar Corporation ("Lennar") commenced a registered exchange offer to holders of shares of Lennar common stock to exchange Lennar common stock for Millrose Properties, Inc. ("Millrose") common stock. The final exchange ratio was 4.1367 shares of Millrose common stock per share of Lennar common stock accepted in the exchange offer. The shares of Lennar common stock tendered by the reporting person were accepted by Lennar on November 26, 2025.

Content

On October 10, 2025, Lennar Corporation ("Lennar") commenced a registered exchange offer to holders of shares of Lennar common stock to exchange Lennar common stock for Millrose Properties, Inc. ("Millrose") common stock. The final exchange ratio was 4.1367 shares of Millrose common stock per share of Lennar common stock accepted in the exchange offer. The shares of Lennar common stock tendered by the reporting person were accepted by Lennar on November 26, 2025.