David M. Collins - 02 Jul 2023 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN)

Signature
/s/ Mark Sustana as attorney-in-fact for David M. Collins
Issuer symbol
LEN
Transactions as of
02 Jul 2023
Net transactions value
-$233,828
Form type
4
Filing time
05 Jul 2023, 16:16:00 UTC
Previous filing
02 Mar 2023
Next filing
15 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LENB Class A Common Stock Tax liability $233,828 -1,866 -3.8% $125.31 47,060 02 Jul 2023 Direct F1
holding LENB Class B Common Stock 3,538 02 Jul 2023 Direct
* 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 Surrendered shares to pay tax liability on the vesting of restricted stock pursuant to a 10b5-1 plan adopted by the reporting person on July 15, 2008. The restricted stock was originally granted on June 25, 2020.