Lennar (LEN) Chief Legal Officer surrenders shares to cover tax on vesting

Rhea-AI Filing Summary

Lennar Corporation’s Chief Legal Officer and Secretary, Katherine Lee Martin, reported tax-related share dispositions. On February 14, 2026, she surrendered 2,966 and 989 shares of Class A common stock, at $122.28 per share, to cover tax liabilities on vesting restricted stock originally granted on September 2, 2025. After these tax-withholding transactions, she held 55,611 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).

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^*

Lee Martin Katherine

(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)
	Chief Legal Officer/Secretary

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		2,966(1)	D	$122.28	56,600	D
Class A Common Stock	02/14/2026		F		989(1)	D	$122.28	55,611	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. The restricted stock was originally granted on September 2, 2025.

	/s/ Mark Liberman as attorney-in-fact for Katherine Lee Martin	02/18/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did LEN’s Katherine Lee Martin report on this Form 4?

Katherine Lee Martin reported disposing of Lennar Class A shares to satisfy tax obligations on vesting restricted stock. The Form 4 details share surrenders, not open-market sales, reflecting tax-withholding mechanics tied to prior equity awards rather than discretionary trading activity.

How many Lennar (LEN) shares did Katherine Lee Martin surrender and at what price?

She surrendered 2,966 shares and 989 shares of Lennar Class A common stock, each at a price of $122.28 per share. These dispositions were structured as share deliveries to meet tax liabilities from restricted stock vesting, rather than ordinary market transactions.

Why did Lennar’s Chief Legal Officer dispose of shares according to this Form 4?

The shares were surrendered to pay tax liability arising from vesting restricted stock originally granted on September 2, 2025. Instead of paying taxes in cash, shares were delivered, a common method used in equity compensation programs to settle withholding obligations efficiently.

What is Katherine Lee Martin’s Lennar Class A share ownership after these transactions?

Following the reported tax-withholding dispositions, Katherine Lee Martin directly owned 55,611 shares of Lennar Class A common stock. This updated holding reflects her remaining equity stake after delivering a portion of shares to satisfy the associated tax obligations on the vesting award.

What transaction code appears on this Lennar (LEN) Form 4 and what does it mean?

The Form 4 uses transaction code “F,” which indicates payment of an exercise price or tax liability by delivering securities. Here, it specifically denotes tax-withholding dispositions, where vested restricted stock shares are surrendered to cover associated tax obligations instead of being sold on the open market.

Does this Lennar Form 4 indicate open-market buying or selling by Katherine Lee Martin?

No, the filing shows tax-withholding dispositions under code “F,” not open-market purchases or sales. Shares were delivered back to the issuer or administrator to cover tax liabilities on vesting restricted stock, a mechanics-driven event rather than a discretionary trading decision in the market.