Stuart A. Miller - 20 Jan 2026 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN)

Role
Executive Chairman & CEO, Director, 10%+ Owner
Signature
/s/ Mark Liberman as attorney-in-fact for Stuart Miller
Issuer symbol
LEN
Transactions as of
20 Jan 2026
Net transactions value
-$2,984,141
Form type
4
Filing time
22 Jan 2026, 18:33:21 UTC
Previous filing
01 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MILLER STUART A Executive Chairman & CEO, Director, 10%+ Owner 5505 WATERFORD DISTRICT DRIVE, MIAMI /s/ Mark Liberman as attorney-in-fact for Stuart Miller 22 Jan 2026 0001049444

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEN Class A Common Stock Award $0 +161,083 +17% $0.000000 1,125,122 20 Jan 2026 Direct F1
transaction LEN Class A Common Stock Award $0 +69,035 +6.1% $0.000000 1,194,157 20 Jan 2026 Direct F2
transaction LEN Class A Common Stock Tax liability $2,984,141 -25,913 -2.2% $115.16 1,168,244 20 Jan 2026 Direct F3
holding LEN Class B Common Stock 121,322 20 Jan 2026 Direct
holding LEN Class A Common Stock 2,695 20 Jan 2026 By GRAT 1 F4
holding LEN Class A Common Stock 200,000 20 Jan 2026 By GRAT 2 F5
holding LEN Class A Common Stock 500,000 20 Jan 2026 By GRAT 3 F6
holding LEN Class A Common Stock 14,476 20 Jan 2026 By Trust F7
holding LEN Class A Common Stock 20,607 20 Jan 2026 By ESOP Trust F8
holding LEN Class B Common Stock 2,600 20 Jan 2026 By ESOP Trust F8
holding LEN Class B Common Stock 21,619,137 20 Jan 2026 By Family Trust F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period. The grant is subject to forfeiture in accordance with its terms.
F2 The shares of Class A common stock granted vest in three equal amounts on each of February 14, 2027, February 14, 2028, and February 14, 2029. The grants are subject to forfeiture in accordance with their terms.
F3 Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy withholding obligations due to a grant of restricted stock on January 20, 2026.
F4 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.
F5 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.
F6 These shares are held by a Grantor Retained Annuity Trust ("GRAT 3") of which Mr. Miller is the 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 3 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F7 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.
F8 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 December 31, 2025.