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Berkshire buys 2.7M Lennar shares around $75

Berkshire Hathaway–affiliated entities reported buying about 2.74 million Lennar shares in open-market transactions over September 17–21, 2026.

Filing Impact
(Very High)
Filing Sentiment
(Very Positive)
Form Type
4

Rhea-AI Filing Summary

Lennar Corp (LEN) received a new Form 4 showing that Berkshire Hathaway Inc., a ten percent owner, reported indirect open-market purchases of Lennar stock over several days in September 2026. Across September 17–21, 2026, Berkshire-affiliated entities purchased a reported 2,743,529 shares of Lennar common stock.

The transactions covered both Class A Common Stock and Class B Common Stock, with weighted average purchase prices in the mid- to high-$70s per share. The filing states these shares are held by Berkshire insurance subsidiaries, and that Warren E. Buffett, as Berkshire’s controlling stockholder, may be deemed to beneficially own them only to the extent of his pecuniary interest, while he disclaims beneficial ownership beyond that. No Rule 10b5-1 trading plan is reported.

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Insider BERKSHIRE HATHAWAY INC, BUFFETT WARREN E
Role 10% Owner | 10% Owner
Bought 2,743,529 shs ($212.40M)
Type Security Shares Price Value
Purchase Class A Common Stock F9, F1 160,275 $77.23 $12.38M
Purchase Class A Common Stock F10, F1 483,809 $77.97 $37.72M
Purchase Class B Common Stock F17, F2 4,888 $75.76 $370K
Purchase Class B Common Stock F18, F2 18,146 $76.62 $1.39M
Purchase Class A Common Stock F5, F1 1,218,429 $76.39 $93.08M
Purchase Class A Common Stock F6, F1 51,586 $77.06 $3.98M
Purchase Class A Common Stock F7, F1 68,760 $78.09 $5.37M
Purchase Class A Common Stock F8, F1 7,900 $78.88 $623K
Purchase Class B Common Stock F13, F2 33,122 $74.80 $2.48M
Purchase Class B Common Stock F14, F2 390 $75.76 $30K
Purchase Class B Common Stock F15, F2 710 $76.98 $55K
Purchase Class B Common Stock F16, F2 500 $78.38 $39K
Purchase Class A Common Stock F3, F1 267,585 $78.41 $20.98M
Purchase Class A Common Stock F4, F1 410,164 $79.41 $32.57M
Purchase Class B Common Stock F11, F2 8,959 $76.96 $689K
Purchase Class B Common Stock F12, F2 8,306 $77.94 $647K
Holdings After Transaction: Class A Common Stock — 23,719,109 shares (Indirect, See footnote); Class B Common Stock — 528,217 shares (Indirect, See footnote)
Footnotes (18)
  1. F1. 23,719,109 of the total reported shares of the Class A Common Stock ("Class A Common Stock") of Lennar Corporation ("Lennar") are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): AZGUARD Insurance Company (3,098,000), BHG Life Insurance Company (3,625,000), Medical Protective Company (2,216,760), National Indemnity Company (12,366,349), NorGUARD Insurance Company (1,195,000) and WestGUARD Insurance Company (1,218,000). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
  2. F2. 528,217 of the total reported shares of the Class B Common Stock ("Class B Common Stock") of Lennar are owned by the following subsidiaries of Berkshire: AZGUARD Insurance Company (252,589) and National Indemnity Company (275,628). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Mr. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
  3. F3. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.8000 to $78.7996 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  4. F4. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.8000 to $79.7850 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  5. F5. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $75.7200 to $76.7197 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  6. F6. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.7200 to $77.7174 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  7. F7. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.7723 to $78.7150 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  8. F8. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.7205 to $79.1000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  9. F9. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.6028 to $77.6000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  10. F10. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.6075 to $78.3500 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  11. F11. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.4450 to $77.4300 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  12. F12. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.4500 to $78.3300 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  13. F13. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $74.4900 to $75.4700 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  14. F14. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $75.6200 to $76.1600 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  15. F15. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.5950 to $77.3400 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  16. F16. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.2200 to $78.9400 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  17. F17. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $75.2400 to $76.2250 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  18. F18. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.2650 to $77.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Total shares purchased 2,743,529 shares Net purchases of Lennar common stock by Berkshire-affiliated entities from September 17–21, 2026
Largest single Class A purchase 1,218,429 shares at $76.39 per share Class A Common Stock purchased indirectly on September 18, 2026
Largest single Class B purchase 33,122 shares at $74.80 per share Class B Common Stock purchased indirectly on September 18, 2026
Reported price range example (Class A, Sept. 17) $77.80–$78.80 per share Weighted average price footnote F3 for a Class A purchase on September 17, 2026
Reported price range example (Class B, Sept. 18) $74.49–$75.47 per share Weighted average price footnote F13 for a Class B purchase on September 18, 2026
Class A shares held by Berkshire subsidiaries 23,719,109 shares Owned by named Berkshire subsidiaries as described in footnote F1
Class B shares held by Berkshire subsidiaries 528,217 shares Owned by named Berkshire subsidiaries as described in footnote F2
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially own regulatory
"it may be deemed to both beneficially own and have a pecuniary interest"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"may be deemed to beneficially own, but only to the extent he has a pecuniary interest"
Class A Common Stock financial
"total reported shares of the Class A Common Stock ("Class A Common Stock") of Lennar"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"total reported shares of the Class B Common Stock ("Class B Common Stock") of Lennar"
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.

FAQ

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

What insider activity did Berkshire Hathaway report in Lennar (LEN) on this Form 4?
The Form 4 reports that Berkshire Hathaway–affiliated entities indirectly purchased a total of 2,743,529 shares of Lennar common stock (Class A and Class B) in open-market transactions between September 17 and September 21, 2026.

Which Lennar securities were purchased in this Berkshire Hathaway Form 4?
The reported purchases involve Class A Common Stock and Class B Common Stock of Lennar Corp. All reported transactions are non-derivative equity purchases executed in the open market at stated weighted average prices per share.

How many Lennar (LEN) shares were bought in total according to this filing?
According to the transaction summary, Berkshire Hathaway–affiliated entities bought a net total of 2,743,529 shares of Lennar common stock, with 16 separate purchase transactions and no reported sales during the period.

What price range did Berkshire Hathaway pay for Lennar (LEN) shares?
The Form 4 lists weighted average prices per transaction from about $74.49 to about $79.79 per share. Footnotes state that each reported price is a weighted average for multiple trades within specified price ranges for that transaction date.

Are the Lennar shares held directly by Berkshire Hathaway or its subsidiaries?
The filing explains that the reported Lennar shares are owned by Berkshire insurance subsidiaries, such as National Indemnity Company and AZGUARD Insurance Company. Berkshire, in the ownership chain, may be deemed to beneficially own these shares, and Warren E. Buffett may be deemed to own them only to the extent of his pecuniary interest.

Was a Rule 10b5-1 trading plan used for these Lennar (LEN) purchases?
No. The Form 4 indicates that the Rule 10b5-1 trading plan checkbox is not affirmed, and the footnotes do not state that the transactions were executed pursuant to any Rule 10b5-1 or pre-arranged trading plan.

Does Warren E. Buffett personally own the Lennar (LEN) shares reported here?
The disclosure states that Warren E. Buffett, as Berkshire’s controlling stockholder, may be deemed to beneficially own the reported Lennar shares only to the extent of his pecuniary interest. He disclaims beneficial ownership of the reported securities except to that extent.

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

Form 4 Insider Transactions: What Each Field Means →
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SEC Form 4
FORM 4UNITED 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*
BERKSHIRE HATHAWAY INC
(Last)(First)(Middle)
3555 FARNAM STREET
(Street)
OMAHA NEBRASKA 68131
(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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock09/17/2026P267,585A$78.41(3)21,318,186ISee footnote(1)
Class A Common Stock09/17/2026P410,164A$79.41(4)21,728,350ISee footnote(1)
Class A Common Stock09/18/2026P1,218,429A$76.39(5)22,946,779ISee footnote(1)
Class A Common Stock09/18/2026P51,586A$77.06(6)22,998,365ISee footnote(1)
Class A Common Stock09/18/2026P68,760A$78.09(7)23,067,125ISee footnote(1)
Class A Common Stock09/18/2026P7,900A$78.88(8)23,075,025ISee footnote(1)
Class A Common Stock09/21/2026P160,275A$77.23(9)23,235,300ISee footnote(1)
Class A Common Stock09/21/2026P483,809A$77.97(10)23,719,109ISee footnote(1)
Class B Common Stock09/17/2026P8,959A$76.96(11)462,155ISee footnote(2)
Class B Common Stock09/17/2026P8,306A$77.94(12)470,461ISee footnote(2)
Class B Common Stock09/18/2026P33,122A$74.8(13)503,583ISee footnote(2)
Class B Common Stock09/18/2026P390A$75.76(14)503,973ISee footnote(2)
Class B Common Stock09/18/2026P710A$76.98(15)504,683ISee footnote(2)
Class B Common Stock09/18/2026P500A$78.38(16)505,183ISee footnote(2)
Class B Common Stock09/21/2026P4,888A$75.76(17)510,071ISee footnote(2)
Class B Common Stock09/21/2026P18,146A$76.62(18)528,217ISee footnote(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
BERKSHIRE HATHAWAY INC
(Last)(First)(Middle)
3555 FARNAM STREET
(Street)
OMAHA NEBRASKA 68131
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
BUFFETT WARREN E
(Last)(First)(Middle)
3555 FARNAM STREET
(Street)
OMAHA NEBRASKA 68131
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. 23,719,109 of the total reported shares of the Class A Common Stock ("Class A Common Stock") of Lennar Corporation ("Lennar") are owned by the following subsidiaries of Berkshire Hathaway Inc. ("Berkshire"): AZGUARD Insurance Company (3,098,000), BHG Life Insurance Company (3,625,000), Medical Protective Company (2,216,760), National Indemnity Company (12,366,349), NorGUARD Insurance Company (1,195,000) and WestGUARD Insurance Company (1,218,000). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
2. 528,217 of the total reported shares of the Class B Common Stock ("Class B Common Stock") of Lennar are owned by the following subsidiaries of Berkshire: AZGUARD Insurance Company (252,589) and National Indemnity Company (275,628). As Berkshire is in the chain of ownership of each of these subsidiaries, it may be deemed to both beneficially own and have a pecuniary interest in all such shares owned by each of these subsidiaries. Mr. Buffett, as the controlling stockholder of Berkshire, may be deemed to beneficially own, but only to the extent he has a pecuniary interest in, such shares owned by each such subsidiary. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
3. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.8000 to $78.7996 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
4. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.8000 to $79.7850 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
5. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $75.7200 to $76.7197 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
6. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.7200 to $77.7174 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
7. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.7723 to $78.7150 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
8. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.7205 to $79.1000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
9. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.6028 to $77.6000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
10. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.6075 to $78.3500 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
11. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.4450 to $77.4300 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
12. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $77.4500 to $78.3300 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
13. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $74.4900 to $75.4700 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
14. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $75.6200 to $76.1600 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
15. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.5950 to $77.3400 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
16. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $78.2200 to $78.9400 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
17. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $75.2400 to $76.2250 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
18. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $76.2650 to $77.0000 per share, inclusive. The reporting person undertakes to provide to Lennar, any security holder of Lennar, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
/s/ Warren E. Buffett, on behalf of himself and each other reporting person hereunder09/21/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

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