Lennar director Serena Wolfe acquires 15 stock units

Fractional RSU amounts were rounded to the nearest whole number.

Rhea-AI Filing Summary

Lennar Corp director Serena Wolfe acquired 15 restricted stock units (RSUs) tied to Class A common stock on October 7, 2026. The units were issued as dividend equivalents in respect of her unvested annual RSU grant as a result of a dividend on Lennar’s common stock with an October 7, 2026 record date, and vest at the same time as that grant. Her reported direct position following the transaction was 6,362 shares. The associated $76.13 per-share figure represents the closing price on the record date.

Insider Trade Summary

Grant/Award: 15 shares

Grant/Award 1 txn

Insider Wolfe Serena

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2	15	$76.13	$1K

Holdings After Transaction: Class A Common Stock — 6,362 shares (Direct)

Footnotes (2)

1. F1. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant (including dividend equivalents in respect thereof) as a result of the dividend on the Issuer's common stock with a record date of October 7, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number.
2. F2. Represents the closing price per share of Issuer's common stock as of the record date.

Key Figures

Restricted stock units: 15 units Closing price per share: $76.13 per share Direct shares following transaction: 6,362 shares

3 metrics

Restricted stock units 15 units Issued October 7, 2026 as dividend equivalents related to the annual RSU grant

Closing price per share $76.13 per share Closing price on the October 7, 2026 record date

Direct shares following transaction 6,362 shares Serena Wolfe’s reported position following the transaction

Key Terms

restricted stock units ("RSUs"), dividend equivalents, unvested annual RSU grant, outside directors' compensation program

4 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs")"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

dividend equivalents financial

"including dividend equivalents in respect thereof"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

unvested annual RSU grant financial

"Reporting Person's unvested annual RSU grant"

outside directors' compensation program financial

"in accordance with the Issuer's outside directors' compensation program"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did LEN director Serena Wolfe acquire, and what was her position afterward?

Serena Wolfe acquired 15 restricted stock units on October 7, 2026. Her reported direct position following the transaction was 6,362 shares.

What was the per-share figure reported for Serena Wolfe’s LEN award?

The reported figure was $76.13 per share, representing Lennar’s closing price on the October 7, 2026 record date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/08/2026 - 06:37 PM Accepted by SEC EDGAR 10/08/2026 - 06:37 PM Learn about SEC filing dates

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^*

Wolfe Serena

(Last) (First) (Middle)

5505 WATERFORD DISTRICT DRIVE

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2026

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

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

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

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	10/07/2026		A		15(1)	A	$76.13(2)	6,362	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. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant (including dividend equivalents in respect thereof) as a result of the dividend on the Issuer's common stock with a record date of October 7, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number.

2. Represents the closing price per share of Issuer's common stock as of the record date.

	/s/ Mark Liberman as attorney-in-fact for Serena Wolfe	10/08/2026
	** 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: SEC 1474 (03-26)