(LEN)

Role: Executive Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Mark Liberman as attorney-in-fact for Stuart A. Miller
Issuer symbol: LEN
Transactions as of: 16 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 18 Mar 2026, 18:58:26 UTC
Previous filing: 22 Jan 2026
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 A. Miller	18 Mar 2026	0001049444

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEN	Class A Common Stock	Disposed to Issuer	-55,490	-4.4%	$0.000000^*	1,209,820	16 Mar 2026	Direct	F1, F2
transaction	LEN	Class A Common Stock	Tax liability	-59,958	-5%	$95.95^*	1,149,862	16 Mar 2026	Direct	F3
holding	LEN	Class B Common Stock					121,322	16 Mar 2026	Direct
holding	LEN	Class A Common Stock					0	16 Mar 2026	By GRAT 1	F4
holding	LEN	Class A Common Stock					105,629	16 Mar 2026	By GRAT 2	F5
holding	LEN	Class A Common Stock					500,000	16 Mar 2026	By GRAT 3	F6
holding	LEN	Class A Common Stock					14,476	16 Mar 2026	By Trust	F7
holding	LEN	Class A Common Stock					20,692	16 Mar 2026	By ESOP Trust	F8
holding	LEN	Class B Common Stock					2,612	16 Mar 2026	By ESOP Trust	F8
holding	LEN	Class B Common Stock					21,619,137	16 Mar 2026	By Family Trust	F7

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Represents shares forfeited from a February 28, 2023 grant of Class A common stock subject to performance-based vesting conditions due to partial satisfaction of certain financial performance goals.
F2	Includes 2,695 shares previously held through GRAT 1 and 94,371 shares previously held through GRAT 2, both of which were distributed to the reporting person on March 6, 2026 and are now owned directly.
F3	Pursuant to a 10b5-1 plan, the reporting person surrendered shares to pay tax liability on the shares of Class A common stock that were subject to performance criteria. The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2023.
F4	These shares were held by a Grantor Retained Annuity Trust ("GRAT 1") of which Mr. Miller was the sole beneficiary and sole annuitant, as well as the trustee. Mr. Miller continued to report beneficial ownership of all of the Lennar Class A common stock held by GRAT 1 but disclaimed 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 February 28, 2026.