4//SEC Filing
LENNAR CORP /NEW/ 4
Accession 0001193125-25-304073
$LENCIK 0002017206operating
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 5:17 PM ET
Size
6.9 KB
Accession
0001193125-25-304073
Insider Transaction Report
Form 4
LENNAR CORP /NEW/
10% Owner
Transactions
- Other
Class A Common Stock
2025-11-26−33,298,754→ 1,794 total
Footnotes (3)
- [F1]On October 10, 2025, the Reporting Person commenced an offer to holders of shares of Lennar Class A Common Stock to exchange Lennar Class A Common Stock for Millrose Properties, Inc. ("Millrose") Class A Common Stock. On November 26, 2025, the Reporting Person announced the final results of the exchange offer and confirmed that 8,049,594 shares of tendered Lennar Class A Common Stock were accepted in exchange for 33,298,754 shares of Millrose Class A Common Stock, representing a final exchange ratio of 4.1367 shares of Millrose Class A Common Stock per share of Lennar Class A Common Stock accepted in the exchange offer.
- [F2]Shares held by the Reporting Person as of the Transaction Date include 100,495 shares of Millrose Class A Common Stock that were returned to the Reporting Person in non-volitional transactions in connection with forfeitures of unvested restricted stock awards by employees of the Reporting Person. On February 7, 2025, the Reporting Person completed its spin-off of Millrose Properties Inc. ("Millrose"). In connection with the spin-off, employees of the Reporting Person holding unvested restricted stock awards previously granted by the Reporting Person received shares of Millrose Class A Common Stock or Millrose Class B Common Stock, depending on their election.
- [F3](Continued from footnote 2) These shares of Millrose common stock are subject to the same vesting conditions, forfeiture terms and other restrictions as the unvested restricted stock awards to which they relate. As such, any such shares of Millrose common stock will be forfeited back to the Reporting Person if the unvested restricted stock awards are forfeited by their terms.
Documents
Issuer
Millrose Properties, Inc.
CIK 0002017206
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000920760
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 5:17 PM ET
- Size
- 6.9 KB