LENNAR CORP /NEW/ — Director's Dealing 2025

Dec 1, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2025-11-26

Reporting Person: Banse Amy (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-26	Class A Common Stock	J	220	—	Disposed	14490	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	165	Indirect

Footnotes

F1: Represents shares of Lennar Class A Common Stock that were validly tendered by the Reporting Person and accepted by Lennar in connection with the exchange offer by Lennar of Millrose Properties, Inc. ("Millrose") Class A Common Stock for shares of Lennar Class A Common Stock. The Reporting Person received a number of shares of Millrose Class A Common Stock, calculated at a ratio of 4.1367 shares of Millrose Class A Common Stock per share of Lennar Class A Common Stock accepted in the exchange offer, subject to cash in lieu payment of fractional shares.

F2: These shares are held in a trust, of which the reporting person is the trustee, for the benefit of the reporting person's child.