Lynch Kathleen B. 4

What Happened
Kathleen B. Lynch, a director of Millrose Properties, Inc. (MRP), received an award of 5,639 restricted stock units (RSUs) on May 13, 2026. The RSUs were granted at a $0.00 acquisition price (standard for awards) and will convert into 5,639 shares of Class A Common Stock on a 1-for-1 basis upon vesting. This is an equity grant (code A), not a purchase or sale.

Key Details

• Transaction date: 2026-05-13; Transaction type: Award (RSUs); Price reported: $0.00.
• Number of RSUs granted: 5,639 (each converts to one Class A share upon vesting).
• Shares owned following transaction: not specified in the provided filing.
• Vesting terms (footnote): RSUs vest upon the earlier of (i) the first anniversary of the grant or (ii) the Issuer’s next annual stockholder meeting, subject to Lynch’s continuous service as a director through the vesting date.
• Filing timeliness: Report filed on 2026-05-13 for a 2026-05-13 transaction — appears timely; no late-filing indicator noted.

Context
RSU grants are compensation and typically become taxable when they vest and convert to shares. This award does not represent an open-market purchase or sale and does not by itself indicate the insider is buying or selling stock for trading purposes.