Lennar (LEN) VP Collins surrenders shares for tax withholding

Rhea-AI Filing Summary

Lennar Corporation VP & Controller David M. Collins reported tax-related share dispositions. On February 14, 2026, he surrendered 1,177, 836 and 998 shares of Class A common stock at $122.28 per share to cover tax liabilities on vesting restricted stock under 10b5-1 plans. After these transactions, he held 49,619 Class A shares and 3,537 Class B shares directly.

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

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

X

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^*

Collins David M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/14/2026

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	02/14/2026		F		1,177(1)	D	$122.28	51,453	D
Class A Common Stock	02/14/2026		F		836(2)	D	$122.28	50,617	D
Class A Common Stock	02/14/2026		F		998(3)	D	$122.28	49,619	D
Class B Common Stock								3,537	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. Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on February 28, 2023.

2. Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on January 8, 2024.

3. Surrendered shares to pay tax liability on vesting restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on January 13, 2025.

	/s/ Mark Liberman as attorney-in-fact for David M. Collins	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Lennar (LEN) executive David M. Collins report?

David M. Collins reported dispositions of Class A common stock to cover tax liabilities. He surrendered three blocks of 1,177, 836 and 998 shares on February 14, 2026, in connection with vesting restricted stock under pre-arranged 10b5-1 plans.

Was the Lennar (LEN) insider activity by David M. Collins an open-market sale?

The activity was not an open-market sale; it was a tax-withholding disposition. Shares were surrendered back to satisfy tax liabilities triggered by vesting restricted stock awards, as described in the Form 4 footnotes, under Rule 10b5-1 trading plans.

How many Lennar (LEN) shares does David M. Collins hold after the reported Form 4?

After the reported transactions, David M. Collins directly holds 49,619 shares of Lennar Class A common stock. He also directly holds 3,537 shares of Class B common stock, according to the post-transaction ownership figures disclosed in the Form 4 filing.

At what price were the Lennar (LEN) shares valued in David M. Collins’ tax dispositions?

The surrendered Class A Lennar shares were valued at $122.28 per share. This price was applied to each of the three tax-related dispositions reported on February 14, 2026, when shares were surrendered to pay withholding obligations on vesting restricted stock.

What do the 10b5-1 plan references mean in the Lennar (LEN) Form 4 footnotes?

The footnotes state the shares were surrendered under 10b5-1 plans, which are pre-arranged trading programs. They governed tax-withholding dispositions tied to restricted stock originally granted on February 28, 2023, January 8, 2024, and January 13, 2025, when those awards vested.