Jeffrey Joseph McCall - Jul 20, 2023 Form 4 Insider Report for LENNAR CORP /NEW/ (LENB)

Signature
/s/ Mark Sustana as attorney-in-fact for Jeff McCall
Stock symbol
LENB
Transactions as of
Jul 20, 2023
Transactions value $
-$1,264,800
Form type
4
Date filed
7/21/2023, 04:20 PM
Previous filing
May 17, 2023
Next filing
Oct 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LENB Class A Common Stock Sale -$1.26M -10K -6.61% $126.48 141K Jul 20, 2023 Direct F1, F2
holding LENB Class B Common Stock 2.88K Jul 20, 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 The sale occurred pursuant to a Rule 10b5-1 plan adopted by the reporting person on January 12, 2023.
F2 The price reflects the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $124.88 to $131.48 per share. The reporting person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.