Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 82

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 82
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 Board of Directors. We will distribute a prospectus supplement with regard to each series of preferred stock. Each prospectus supplement will describe, as to the series of preferred stock to which it relates:

| • |     | the title of the series; |

| • |     | any limit upon the number of shares of the series which may be issued; |

| • |     | the preference, if any, to which holders of the series will be entitled upon our liquidation; |

| • |     | the date or dates on which we will be required or permitted to redeem shares of the series; |

| • |     | the terms, if any, on which we or holders of the series will have the option to cause shares of the series to be 
 redeemed;                                                                                                        |

| • |     | the voting rights of the holders of the series; |

| • |     | the dividends, if any, which will be payable with regard to the series (which may be fixed dividends or 
 participating dividends and may be cumulative or non-cumulative);                                       |

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| • |     | the right, if any, of holders of the series to convert them into another class or series of our stock or 
 securities, including provisions intended to prevent dilution of those conversion rights;                |

| • |     | any provisions by which we will be required or permitted to make payments to a sinking fund which will be used to 
 redeem shares of the series or a purchase fund which will be used to purchase shares of the series; and           |

| • |     | any other material terms of the series. |

Holders of shares of preferred stock will not have preemptive rights under our Certificate of Incorporation or under the DGCL, but the terms of particular series of preferred stock, or agreements into which we enter when we sell shares of preferred stock, may give rights that are similar to preemptive rights. Description of Participating Preferred Stock If we issue participating preferred stock, it will be identical with the Class A common stock in every way, except that (a) no cash dividends may be paid with regard to the Class A and Class B common stock in a calendar year until the holders of the participating preferred stock have received a total of $0.125 per share, then no cash dividends may be paid in that year with regard to the participating preferred stock until the holders of the Class A and Class B common stock have received dividends totaling $0.125 per share, and then any additional dividends in the year will