BARTELS PATRICK J JR 4

What Happened
Patrick J. Bartels Jr, a director of Millrose Properties, Inc. (MRP), was granted 5,639 restricted stock units (RSUs) on May 13, 2026. The grant price reported is $0.00 (i.e., no cash paid). The RSUs will convert 1-for-1 into shares of Class A common stock upon vesting; total dollar value at grant is not reported on the Form 4.

Key Details

• Transaction date: May 13, 2026
• Transaction type/code: Award/Grant (A) — 5,639 RSUs granted at $0.00
• Vesting: Each RSU vests into one share on the earlier of (i) the first anniversary of the grant or (ii) the Issuer’s next annual stockholder meeting, subject to continuous service as a director (see footnote).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Reported and filed on May 13, 2026 (no late filing indicated).
• Footnote: Grant made under the Issuer’s 2024 Omnibus Incentive Plan; vesting contingent on continued director service.

Context
RSUs are a form of equity compensation that convert into shares only upon vesting and do not represent an immediate market purchase or sale. Such awards are common for directors as compensation and are not by themselves direct indicators of a director buying or selling stock.