Buy4

LENNAR CORP /NEW/

LEN

Total Value

$136.4M

Net $136.4M bought

Filing Date

Sep 25, 2026

9 transactions

Purchases

$136.4M

9 transactions

Trade Summary

On Sep 23, 2026 through Sep 25, 2026, BERKSHIRE HATHAWAY INC, Insider, purchased $136.4M of LENNAR CORP /NEW/ (LEN) across 9 transactions. The filing covers Class A Common Stock and reflects net buying of $136.4M. Reported prices ranged from $79.42 to $81.65. Insider transactions are sourced from SEC Form 4 disclosures and should be reviewed alongside company fundamentals and the insider's broader trading history.

Price at the Time of the Trade

LEN daily price with the insider's purchase marked at $81.19.

Bought in the lower half of the 6-month range · about level with today's price.

Price data is delayed and provided for context only — not investment advice.

Insider Information

Name: BERKSHIRE HATHAWAY INC
Role: Insider
Location: OMAHA, NE

Filing Details

Filing Date: Sep 25, 2026
Transaction Date: Sep 23, 2026
Accession Number: 0001193125-26-403089
Form Type: 4
Net Trading Amount: $136.4M

Non-Derivative Transactions

Date	Security	Shares	Price	Type	Value
Sep 23, 2026	Class A Common Stock	532,993	$81.65	Purchase	$43.5M
Sep 24, 2026	Class A Common Stock	399,238	$80.58	Purchase	$32.2M
Sep 24, 2026	Class A Common Stock	241,692	$81.44	Purchase	$19.7M
Sep 25, 2026	Class A Common Stock	313,379	$80.90	Purchase	$25.4M
Sep 25, 2026	Class A Common Stock	171,723	$81.60	Purchase	$14.0M
Sep 23, 2026	Class B Common Stock	1,263	$79.99	Purchase	$101.0K
Sep 24, 2026	Class B Common Stock	9,415	$79.42	Purchase	$747.7K
Sep 24, 2026	Class B Common Stock	2,975	$79.91	Purchase	$237.7K
Sep 25, 2026	Class B Common Stock	7,022	$79.53	Purchase	$558.5K

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Footnotes

(F1)25,378,134 of the total reported shares of the Class A Common Stock ("Class A Common Stock") of Lennar Corporation ("Lennar") are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): AZGUARD Insurance Company (3,098,000), BHG Life Insurance Company (3,625,000), Medical Protective Company (3,875,785), National Indemnity Company (12,366,349), NorGUARD Insurance Company (1,195,000) and WestGUARD Insurance Company (1,218,000). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(F2)548,892 of the total reported shares of the Class B Common Stock ("Class B Common Stock") of Lennar are owned by the following subsidiaries of Berkshire: AZGUARD Insurance Company (273,264) and National Indemnity Company (275,628). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Mr. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(F3)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.3200 to $82.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(F4)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $80.1450 to $81.1400 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(F5)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.1450 to $81.9750 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(F6)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $80.3800 to $ 81.3750 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(F7)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.3800- to $ 82.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(F8)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $79.9300 to $80.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(F9)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.8500 to $79.8400 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(F10)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $79.8600 to $80.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(F11)The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $79.1300 to $79.9800 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BERKSHIRE HATHAWAY INC

(Last)

(First)

(Middle)

3555 FARNAM STREET

(Street)

OMAHA

68131

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LENNAR CORP /NEW/ [ LEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	09/23/2026		P		532,993	A	$81.65⁽³⁾	24,252,102	I	See footnote⁽¹⁾
Class A Common Stock	09/24/2026		P		399,238	A	$80.58⁽⁴⁾	24,651,340	I	See footnote⁽¹⁾
Class A Common Stock	09/24/2026		P		241,692	A	$81.44⁽⁵⁾	24,893,032	I	See footnote⁽¹⁾
Class A Common Stock	09/25/2026		P		313,379	A	$80.9⁽⁶⁾	25,206,411	I	See footnote⁽¹⁾
Class A Common Stock	09/25/2026		P		171,723	A	$81.6⁽⁷⁾	25,378,134	I	See footnote⁽¹⁾
Class B Common Stock	09/23/2026		P		1,263	A	$79.99⁽⁸⁾	529,480	I	See footnote⁽²⁾
Class B Common Stock	09/24/2026		P		9,415	A	$79.42⁽⁹⁾	538,895	I	See footnote⁽²⁾
Class B Common Stock	09/24/2026		P		2,975	A	$79.91⁽¹⁰⁾	541,870	I	See footnote⁽²⁾
Class B Common Stock	09/25/2026		P		7,022	A	$79.53⁽¹¹⁾	548,892	I	See footnote⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

BERKSHIRE HATHAWAY INC

(Last)

(First)

(Middle)

3555 FARNAM STREET

(Street)

OMAHA

68131

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

BUFFETT WARREN E

(Last)

(First)

(Middle)

3555 FARNAM STREET

(Street)

OMAHA

68131

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. 25,378,134 of the total reported shares of the Class A Common Stock ("Class A Common Stock") of Lennar Corporation ("Lennar") are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): AZGUARD Insurance Company (3,098,000), BHG Life Insurance Company (3,625,000), Medical Protective Company (3,875,785), National Indemnity Company (12,366,349), NorGUARD Insurance Company (1,195,000) and WestGUARD Insurance Company (1,218,000). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

2. 548,892 of the total reported shares of the Class B Common Stock ("Class B Common Stock") of Lennar are owned by the following subsidiaries of Berkshire: AZGUARD Insurance Company (273,264) and National Indemnity Company (275,628). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Mr. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

3. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.3200 to $82.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

4. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $80.1450 to $81.1400 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

5. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.1450 to $81.9750 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

6. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $80.3800 to $ 81.3750 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

7. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $81.3800- to $ 82.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

8. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $79.9300 to $80.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

9. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.8500 to $79.8400 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

10. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $79.8600 to $80.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

11. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $79.1300 to $79.9800 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	/s/ Warren E. Buffett, on behalf of himself and each other reporting person hereunder	09/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Form 4 as rendered by the SEC from accession 0001193125-26-403089.

LENNAR CORP /NEW/

Trade Summary

Price at the Time of the Trade

Company Information

Insider Information

Filing Details

Non-Derivative Transactions

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Footnotes

SEC Form 4

SEC Filing

SEC Form 4

Price at the Time of the Trade