Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 60

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 60
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 expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by us or any of our affiliate or any person in privity us or any of our affiliates, directly or indirectly,  
 including the filing (or participation in the filing) of a registration statement with the Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 
 16 of the Exchange Act, of any of our debt securities (other than the notes offered hereby and any commercial paper notes that are exempt from registration by reason of Section 3(a)(3) of the Act).                                                     |

| (b) | We will indemnify the underwriters and their respective affiliates, directors, officers and controlling persons                                                                           
 against certain liabilities, including liabilities under the Securities Act, or contribute to payments that the underwriters may be required to make because of any of those liabilities. |

Notes sold by the underwriters to the public will initially be offered at the initial public offering price set forth on the cover of this prospectus supplement. Any Notes sold by the underwriters to securities dealers may be sold at a S-38

discount from the initial public offering price not to exceed 0.350% of the principal amount per Note. Any such securities dealers may resell any Notes purchased from the underwriters to certain other brokers or dealers at a discount from the initial public offering price not to exceed 0.250% of the principal amount per Note. If not all the Notes are sold at the initial offering price, the underwriters may change the offering price and the other selling terms. The following table shows the underwriting discount that we are to pay to the underwriters in connection with this offering (expressed as a percentage of the principal amount per Note).

| Per Note |     | Paid by 
 Lennar  |     0.600 | % |
|:---------|:----|:--------|----------:|:--|
| Total    |     | $       | 4,200,000 |   |

We estimate that our expenses with regard to this offering will be approximately $2.5 million. The underwriters have agreed to reimburse us for certain fees and expenses included in those expenses. In connection with the offering, the underwriters may purchase and sell Notes in the open market. Purchases and sales in the open market may include short sales, purchases to cover short positions and stabilizing purchases.

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