Lennar (LEN) director Serena Wolfe receives 2,313 RSUs as board compensation

Rhea-AI Filing Summary

Wolfe Serena reported acquisition or exercise transactions in this Form 4 filing.

Lennar Corporation director Serena Wolfe received a grant of 2,313 restricted stock units of Class A Common Stock as compensation for board service. The RSUs were issued at no cash cost and will vest on the earlier of the next annual stockholders' meeting or the first anniversary of the grant date. Following this award, Wolfe directly holds 6,321 shares of Class A Common Stock. This is a routine, compensation-related equity grant rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wolfe Serena

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,313	$0.00	--

Holdings After Transaction: Class A Common Stock — 6,321 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 2,313 RSUs Shares held after: 6,321 shares Grant price per share: $0.0000 per share

3 metrics

RSUs granted 2,313 RSUs Restricted stock units issued for service as a director

Shares held after 6,321 shares Total direct holdings of Class A Common Stock after grant

Grant price per share $0.0000 per share Non-cash equity award for director compensation

Key Terms

restricted stock units ("RSUs"), outside directors' compensation program, annual meeting of stockholders

3 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") issued for service as a director"

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.

outside directors' compensation program financial

"issued for service as a director in accordance with the Issuer's outside directors' compensation program"

annual meeting of stockholders financial

"shall vest on either the date of the next annual meeting of stockholders"

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^*

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)
04/08/2026

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	04/08/2026		A		2,313(1)	A	$0.00	6,321	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 for service as a director in accordance with the Issuer's outside directors' compensation program. The RSUs shall vest on either the date of the next annual meeting of stockholders or the first anniversary of the grant date, whichever comes first. Fractional amounts have been rounded to the nearest whole number.

	/s/ Mark Liberman as attorney-in-fact for Serena Wolfe	04/10/2026
	** 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)

FAQ

What did Lennar (LEN) director Serena Wolfe report in this Form 4 filing?

Serena Wolfe reported receiving 2,313 restricted stock units of Lennar Class A Common Stock as a compensation grant for serving as a director. The award was issued at no cash cost and is part of the company’s outside directors’ compensation program.

Is Serena Wolfe buying or selling Lennar (LEN) shares in this transaction?

Serena Wolfe is not buying or selling shares on the market. She received 2,313 restricted stock units as a grant for board service, a standard form of non-cash equity compensation for outside directors at many public companies, rather than an open-market trade.

How many Lennar (LEN) shares does Serena Wolfe hold after this RSU grant?

After the reported grant, Serena Wolfe directly holds 6,321 shares of Lennar Class A Common Stock. This figure includes the 2,313 restricted stock units awarded in the transaction, reflecting her total direct equity position shown in this Form 4 filing.

When do Serena Wolfe’s new Lennar (LEN) restricted stock units vest?

The restricted stock units vest on either the date of Lennar’s next annual meeting of stockholders or the first anniversary of the grant date, whichever occurs first. This time-based vesting schedule aligns director compensation with continued board service over that period.

What is the nature of the equity granted to Serena Wolfe by Lennar (LEN)?

The equity consists of restricted stock units, or RSUs, tied to Lennar Class A Common Stock. These RSUs were issued under Lennar’s outside directors’ compensation program and are subject to vesting conditions, meaning they convert into shares only after the vesting date is reached.