Lennar (NYSE: LEN) area president reports Class A and B share holdings

Rhea-AI Filing Summary

Lennar Corporation area president James David Grove filed an initial ownership report showing his equity stake in the company. He directly holds 150 shares of Class B common stock and 63,131 shares of Class A common stock. Of the Class A shares, 22,322 generally vest in three equal amounts from the grant date and 30,195 are subject to performance-based vesting conditions over a three-year performance period, and these awards may be forfeited under their terms.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Grove James David

Role Area President

Type	Security	Shares	Price	Value
holding	Class A Common Stock	--	--	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 63,131 shares (Direct, null); Class B Common Stock — 150 shares (Direct, null)

Footnotes (1)

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Key Figures

Class B shares held: 150 shares Class A shares held: 63,131 shares Time-based vesting Class A awards: 22,322 shares +1 more

4 metrics

Class B shares held 150 shares Direct ownership following Form 3 reporting

Class A shares held 63,131 shares Direct ownership following Form 3 reporting

Time-based vesting Class A awards 22,322 shares Generally vest in three equal amounts from grant date

Performance-based Class A awards 30,195 shares Subject to performance-based vesting over three-year period

Key Terms

Class B Common Stock, performance-based vesting conditions, three-year performance period, subject to forfeiture

4 terms

Class B Common Stock financial

"He directly holds 150 shares of Class B common stock and 63,131 shares of Class A common stock."

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

performance-based vesting conditions financial

"30,195 shares of Class A common stock that are subject to performance-based vesting conditions over a three-year performance period."

three-year performance period financial

"subject to performance-based vesting conditions over a three-year performance period."

subject to forfeiture financial

"Such outstanding awards are subject to forfeiture in accordance with their terms."

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Grove James David

(Last) (First) (Middle)

5505 WATERFORD DISTRICT DRIVE

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/01/2026

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

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	63,131(1)	D
Class B Common Stock	150	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 22,322 shares of Class A common stock that generally vest in three equal amounts from the date of grant and 30,195 shares of Class A common stock that are subject to performance-based vesting conditions over a three-year performance period. Such outstanding awards are subject to forfeiture in accordance with their terms.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney

	/s/ Mark Liberman as attorney-in-fact for James David Grove	05/11/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does James David Grove report owning in Lennar (LEN) on this Form 3?

James David Grove reports direct ownership of 150 Class B shares and 63,131 Class A shares of Lennar common stock. This Form 3 is an initial ownership statement and does not itself show any recent stock purchases or sales.

How many Lennar (LEN) Class A shares held by Grove are subject to time-based vesting?

The filing states that 22,322 Class A shares generally vest in three equal amounts from the date of grant. These represent restricted awards that convert into fully owned shares only as the service-based vesting milestones are reached over time.

How many Lennar (LEN) Class A shares held by Grove have performance-based vesting?

The document notes 30,195 Class A shares are subject to performance-based vesting conditions over a three-year performance period. These shares vest only if specific performance criteria are met during that period, and they can be forfeited if conditions are not satisfied.

Does this Lennar (LEN) Form 3 indicate that Grove bought or sold shares?

This Form 3 functions as an initial ownership report and lists Grove’s existing Class A and Class B holdings. It does not specify any buy or sell transactions, only the number of shares he beneficially owns after prior grants and awards.

What forfeiture risk applies to Grove’s Lennar (LEN) equity awards?

The filing explains that outstanding awards, including time-based and performance-based Class A shares, are subject to forfeiture in accordance with their terms. If vesting or performance conditions are not met, some or all of these unvested shares may be lost.