Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 61

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 61
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 Short sales involve secondary market sales by the underwriters of a greater principal amount of Notes than 
 they are required to purchase in the offering.                                                             |

| • |     | Covering transactions involve purchases of Notes in the open market after the distribution has been 
 completed in order to cover short positions.                                                        |

| • |     | Stabilizing transactions involve bids to purchase Notes so long as the stabilizing bids do not exceed a 
 specified maximum.                                                                                      |

Purchases to cover short positions and stabilizing purchases, as well as other purchases by the underwriters for their own accounts, may have the effect of preventing or retarding a decline in the market price of the Notes. They may also cause the price of the Notes to be higher than the price that would otherwise exist in the open market in the absence of these transactions. The underwriters may conduct these transactions in the over-the-countermarket or otherwise. If the underwriters commence any of these transactions, they may discontinue them at any time. We expect to deliver the Notes against payment for the Notes on or about May 19, 2025, which will be the fifth business day following the date of the pricing of the Notes. In accordance with Rule 15c6-1under the Exchange Act, trades in the secondary market generally are required to settle in one business day, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes prior to one business day before the Notes are delivered will be required, by virtue of the fact that the Notes initially will settle in T+5, to specify alternative settlement arrangements to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to their date of delivery should consult their own advisors. Other Relationships The underwriters and their affiliates have performed investment banking, commercial banking, dealer and advisory services for us or our affiliates from time to time, for which they have received customary fees and expenses. The underwriters or their affiliates may, from time to time, engage in transactions with and perform services for us or our affiliates in the ordinary course of their respective businesses. Among other things, affiliates of certain of the underwriters are agents and/or lenders in our Revolving Credit Agreement and have entered into other credit arrangements with us and have received and will continue to receive customary fees in S-39

connection therewith. In addition, affiliates of certain of the underwriters will act as agents and/or lenders under our Delayed Draw Term Loan Facility and if it becomes effective will receive
custom