Millrose Properties, Inc. — Director's Dealing 2025

Dec 1, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Millrose Properties, Inc. (MRP)
CIK: 0002017206
Period of Report: 2025-11-26

Reporting Person: MIGOYA CARLOS A. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-26	Class A Common Stock	P	219	—	Acquired	16985	Direct

Footnotes

F1: On October 10, 2025, Lennar Corporation ("Lennar") commenced a registered exchange offer to holders of shares of Lennar common stock to exchange Lennar common stock for Millrose Properties, Inc. ("Millrose") common stock. The final exchange ratio was 4.1367 shares of Millrose common stock per share of Lennar common stock accepted in the exchange offer. The shares of Lennar common stock tendered by the reporting person were accepted by Lennar on November 26, 2025.