Lennar

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-10 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: LENNAR CORP /NEW/ (LEN, LEN.B) CIK: 0000920760 --- Reporting Owner --- Name: OLIVERA ARMANDO J CIK: 0001201282 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-07-10 | Code: A (Grant or award) Shares: +19 | Price: $84.27 Total Value: $1,601.13 Shares Owned After: 22,812 | Ownership: D (Direct) Footnotes: [F1] Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's deferred quarterly cash director's fee (the "Director's Fee DSUs") and DSUs issued in respect of the Reporting Person's unvested annual DSU grant (the "Annual Grant DSUs") (including dividend equivalents in respect of both the Director's Fee DSUs and Annual Grant DSUs), each as a result of the dividend on the Issuer's common stock with a record date of July 10, 2026, in accordance with the Issuer's outside directors' compensation program. The Director's Fee DSUs are fully vested and the Annual Grant DSUs will vest at the same time as the annual DSU grant to which they relate, but neither will convert into shares of Class A Common Stock until the Reporting Person ceases to be a member of the Board of Directors. Fractional amounts have been rounded down to the nearest whole number. [F2] Represents the closing price per share of Issuer's common stock as of the record date. --- Holdings --- [Holding #1] Security: Class B Common Stock Ownership: D (Direct) --- Footnotes (Complete Index) --- F1: Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's deferred quarterly cash director's fee (the "Director's Fee DSUs") and DSUs issued in respect of the Reporting Person's unvested annual DSU grant (the "Annual Grant DSUs") (including dividend equivalents in respect of both the Director's Fee DSUs and Annual Grant DSUs), each as a result of the dividend on the Issuer's common stock with a record date of July 10, 2026, in accordance with the Issuer's outside directors' compensation program. The Director's Fee DSUs are fully vested and the Annual Grant DSUs will vest at the same time as the annual DSU grant to which they relate, but neither will convert into shares of Class A Common Stock until the Reporting Person ceases to be a member of the Board of Directors. Fractional amounts have been rounded down to the nearest whole number. F2: Represents the closing price per share of Issuer's common stock as of the record date. --- Signature --- /s/ /s/ Mark Liberman as attorney-in-fact for Armando J. Olivera (2026-07-14)