MILLER STUART A 4
4 · LENNAR CORP /NEW/ · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Lennar 10% Owner Stuart A. Miller Gifts 2,000 Shares
What Happened
Stuart A. Miller, a reported 10% owner of Lennar Corporation (LEN), disposed of 2,000 shares of Lennar Class A common stock as a gift on May 11, 2026 (transaction code G). The filing reports $0 in proceeds for this disposition. The Form 4 was filed on May 13, 2026.
Key Details
- Transaction date: May 11, 2026; Form 4 filed: May 13, 2026 (timely filing).
- Transaction type & amount: Gift (G) of 2,000 shares; reported price $0; proceeds $0.
- Holdings notes: Footnote F1 states 318,104 shares previously held in GRAT 3 were distributed to Mr. Miller on May 13, 2026 and are now owned directly. Other footnotes (F2–F4) indicate shares held in GRAT 2 and GRAT 3, where Mr. Miller is annuitant/beneficiary/trustee and disclaims beneficial ownership except to the extent of pecuniary interest; he retains sole voting and investment power for certain shares. F5 references shares held indirectly in his ESOP account as of April 30, 2026.
- Filing timeliness: Reported within the Form 4 two‑business‑day window (transaction 5/11, filing 5/13).
Context
Gifts are transfers that do not generate cash proceeds for the insider and do not by themselves indicate market sentiment; they are often used for personal, estate- or tax-planning reasons. As a 10% owner, Mr. Miller is a significant holder of Lennar stock, and this filing documents a small non-sale disposition amid holdings that include shares held directly, in GRATs, and in an ESOP.
Insider Transaction Report
- Gift
Class A Common Stock
[F1]2026-05-11−2,000→ 1,465,966 total
- 121,322
Class B Common Stock
- 105,629(indirect: By GRAT 2)
Class A Common Stock
[F2] - 181,896(indirect: By GRAT 3)
Class A Common Stock
[F3] - 14,476(indirect: By Trust)
Class A Common Stock
[F4] - 20,692(indirect: By Trust)
Class A Common Stock
[F5] - 2,612(indirect: By Trust)
Class B Common Stock
[F5] - 21,619,137(indirect: By Trust)
Class B Common Stock
[F4]
Footnotes (5)
- [F1]Includes 318,104 shares previously held through GRAT 3, which were distributed to the reporting person on May 13, 2026 and are now owned directly.
- [F2]These shares are held by a Grantor Retained Annuity Trust ("GRAT 2") of which Mr. Miller is the sole beneficiary and sole annuitant, as well as the trustee. Mr. Miller continues to report beneficial ownership of all of the Lennar Class A common stock held by GRAT 2 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F3]These shares are held by a Grantor Retained Annuity Trust ("GRAT 3") of which Mr. Miller is the sole annuitant, as well as the trustee. Mr. Miller continues to report beneficial ownership of all of the Lennar Class A common stock held by GRAT 3 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F4]Mr. Miller has sole voting and investment power with respect to these shares, even though he has only limited pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.
- [F5]Represents the number of shares indirectly held by the Reporting Person, as reflected in the Reporting Person's Employee Stock Ownership Plan ("ESOP") account on April 30, 2026.