LENNAR CORP /NEW/

Filing Date

Mar 18, 2026

Transaction Date

Mar 16, 2026

Accession Number

0001193125-26-114602

Form Type

4

Footnotes

1. (F1)Represents shares forfeited from a February 28, 2023 grant of Class A common stock subject to performance-based vesting conditions due to partial satisfaction of certain financial performance goals.
2. (F2)Includes 2,695 shares previously held through GRAT 1 and 94,371 shares previously held through GRAT 2, both of which were distributed to the reporting person on March 6, 2026 and are now owned directly.
3. (F3)Pursuant to a 10b5-1 plan, the reporting person surrendered shares to pay tax liability on the shares of Class A common stock that were subject to performance criteria. The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2023.
4. (F4)These shares were held by a Grantor Retained Annuity Trust ("GRAT 1") of which Mr. Miller was the sole beneficiary and sole annuitant, as well as the trustee. Mr. Miller continued to report beneficial ownership of all of the Lennar Class A common stock held by GRAT 1 but disclaimed beneficial ownership except to the extent of his pecuniary interest therein.
5. (F5)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.
6. (F6)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.
7. (F7)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.
8. (F8)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 February 28, 2026.