Company: LEN
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-258788
Chunk: 5

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-30
Form: 425
Chunk 5
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 $32.5041 |     |   $32.7980 |     |                      4.1358 |     | No          |

| 11 |     | October 27, 2025 |     | $128.7157 |     | $127.9657 |     | $32.8911 |     | $32.7345 |     | 4.1367 |     | Yes |
| 12 |     | October 28, 2025 |     | $127.9705 |     | $128.1537 |     | $32.6830 |     | $32.6927 |     | 4.1367 |     | Yes |
| 13 |     | October 29, 2025 |     | $124.8869 |     | $127.1910 |     | $32.3018 |     | $32.6253 |     | 4.1367 |     | Yes |
| 14 |     | October 30, 2025 |     | $124.2572 |     | $125.7049 |     | $32.3732 |     | $32.4527 |     | 4.1207 |     | No  |

(1) Subject to proration. See the section in the Prospectus titled The Exchange Offer Terms of the Exchange Offer Proration; Odd-Lots . *No indicative calculated per-sharevalues or indicative exchange ratios are provided for the first two trading days of the Exchange Offer period as such values require daily VWAP data for three trading days. Source: Bloomberg Finance L.P.

Other Related Information The information agent for the Exchange Offer is:

| 51 West 52nd Street, 6th                                                      
 Floor   New York, NY 10019                                                    
 (888) 624-7035 (toll-free for all shareholders in                             
 the United States)   (218) 209-2908 (all others outside of the United States) |

Forward-Looking Statements This communication contains certain statements about Lennar and Millrose that are forward-looking statements. Forward-looking statements are based on current expectations and assumptions regarding Lennar s and Millrose s respective businesses, the economy and other future conditions. In addition, the forward-looking statements contained in this communication may include statements about the expected effects on Lennar and Millrose of the Exchange Offer, the anticipated timing and benefits of the Exchange Offer, Lennar s and Mill