Lennar (LEN) director Dacona Smith granted 133 Class A shares at $131.30

Rhea-AI Filing Summary

Lennar Corporation director Dacona Smith reported receiving shares of the company’s Class A common stock as part of the outside directors’ compensation program. On 11/28/2025, 133 shares were acquired at a stated price of $131.30 per share, which reflected the last reported sale price of Lennar’s Class A common stock on that date, the last trading day of the issuer’s fiscal quarter.

The filing shows that after this grant, the reporting person beneficially owned 3,938 shares of Class A common stock in direct ownership form. The granted shares are subject to transfer restrictions and are not transferable until November 30, 2028, except for specified limited exceptions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Smith Dacona

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	133	$0.00	--

Holdings After Transaction: Class A Common Stock — 3,938 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Smith Dacona

(Last) (First) (Middle)

5505 WATERFORD DISTRICT DRIVE

(Street)

MIAMI FL 33126

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025

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

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

X	Form filed by One Reporting Person
	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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/28/2025		A		133(1)	A	$0.00	3,938	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were issued in accordance with the Issuer's outside directors' compensation program based on $131.30 per share which was the last reported sale price of the Issuer's Class A common stock on November 28, 2025, the last trading day of the Issuer's fiscal quarter. The shares are not transferable until November 30, 2028, subject to specified exceptions.

	/s/ Mark Liberman as attorney-in-fact for Dacona Smith	12/02/2025
	** 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.

FAQ

What did Lennar (LEN) disclose in this Form 4 filing?

The filing discloses that director Dacona Smith received 133 shares of Lennar Class A common stock on 11/28/2025 under the company’s outside directors’ compensation program.

At what price were the Lennar (LEN) shares valued in the director grant?

The 133 Lennar Class A shares were issued based on $131.30 per share, which was the last reported sale price of the Class A common stock on November 28, 2025.

How many Lennar (LEN) shares does the reporting person own after this transaction?

After the reported transaction, the director beneficially owned 3,938 shares of Lennar Class A common stock, held in direct ownership.

Are the newly issued Lennar (LEN) shares immediately transferable?

No. The 133 shares issued under the director compensation program are not transferable until November 30, 2028, subject to specified exceptions.

What is the relationship of the reporting person to Lennar (LEN)?

The reporting person in this Form 4 is a director of Lennar Corporation, as indicated in the relationship section of the filing.

Was this Lennar (LEN) Form 4 filed by one person or a group?

The Form 4 was indicated as filed by one reporting person, not by a group.