Millrose Properties (MRP) director granted 5,639 RSUs in equity compensation award

Rhea-AI Filing Summary

Lynch Kathleen B. reported acquisition or exercise transactions in this Form 4 filing.

Millrose Properties, Inc. reported that director Kathleen B. Lynch received an equity award in the form of 5,639 restricted stock units (RSUs) of Class A Common Stock under the company’s 2024 Omnibus Incentive Plan. The award carries no purchase price and is compensation-related, not an open-market trade.

The RSUs will vest into shares of Class A Common Stock on a 1-for-1 basis upon the earlier of the first anniversary of the May 13, 2026 grant date or the next annual stockholder meeting, subject to her continued service as a director. After this grant, Lynch directly holds 21,600 shares of Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lynch Kathleen B.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	5,639	$0.00	--

Holdings After Transaction: Class A Common Stock — 21,600 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 5,639 RSUs Grant price per share: $0.00 per share Shares after transaction: 21,600 shares +2 more

5 metrics

RSUs granted 5,639 RSUs Equity award on May 13, 2026

Grant price per share $0.00 per share Compensation grant, not a purchase

Shares after transaction 21,600 shares Direct holdings following RSU-related acquisition entry

Vesting basis 1-for-1 into Class A Each RSU converts into one share upon vesting

Vesting trigger Earlier of 1 year or next annual meeting Subject to continuous director service from grant date

Key Terms

restricted stock units, 2024 Omnibus Incentive Plan, vest, Class A Common Stock

4 terms

restricted stock units financial

"granted 5,639 restricted stock units ("RSUs") to the reporting person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2024 Omnibus Incentive Plan financial

"under the Issuer's 2024 Omnibus Incentive Plan"

vest financial

"Such RSUs will vest into shares of Class A Common Stock"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Class A Common Stock financial

"vest into shares of Class A Common Stock of the Issuer"

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.

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^*

Lynch Kathleen B.

(Last) (First) (Middle)

C/O MILLROSE PROPERTIES, INC.

600 BRICKELL AVENUE, SUITE 1400

(Street)

MIAMI FLORIDA 33131

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Millrose Properties, Inc. [ MRP ]

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)
05/13/2026

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	05/13/2026		A		5,639(1)	A	$0	21,600	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. On May 13, 2026, Millrose Properties, Inc. (the "Issuer") granted 5,639 restricted stock units ("RSUs") to the reporting person under the Issuer's 2024 Omnibus Incentive Plan. Such RSUs will vest into shares of Class A Common Stock of the Issuer on a 1-for-1 basis upon the earlier of (i) the first anniversary of the date of the grant and (ii) the date of the Issuer's annual stockholder meeting that next follows the date of the grant, subject to the reporting person's continuous service as a director of the Issuer from the date of the grant through the vesting date.

	/s/ Rachel Presa, attorney-in-fact	05/13/2026
	** 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 Millrose Properties (MRP) disclose about director Kathleen B. Lynch’s recent equity award?

Millrose Properties disclosed that director Kathleen B. Lynch received 5,639 restricted stock units (RSUs) of Class A Common Stock as a compensation grant under the 2024 Omnibus Incentive Plan, rather than buying shares in the open market.

How many Millrose Properties (MRP) RSUs were granted to Kathleen B. Lynch and at what price?

Kathleen B. Lynch was granted 5,639 restricted stock units (RSUs) of Millrose Properties Class A Common Stock at a price of $0.00 per share, reflecting a compensation award instead of a cash purchase transaction.

When will Kathleen B. Lynch’s Millrose Properties (MRP) RSUs vest?

The 5,639 Millrose Properties RSUs granted to Kathleen B. Lynch will vest 1-for-1 into Class A Common Stock on the earlier of the first anniversary of the May 13, 2026 grant date or the company’s next annual stockholder meeting, assuming continued board service.

What are Kathleen B. Lynch’s Millrose Properties (MRP) holdings after the RSU grant?

Following the reported RSU-related acquisition entry, Kathleen B. Lynch directly holds 21,600 shares of Millrose Properties Class A Common Stock. This figure reflects her position after the 5,639-share grant recorded in the latest Form 4 filing.

Are Kathleen B. Lynch’s Millrose Properties (MRP) RSUs subject to any service conditions?

Yes. The RSUs granted to Kathleen B. Lynch will only vest if she maintains continuous service as a director from the May 13, 2026 grant date through the vesting date, tying the equity award to ongoing board service.