Company: LEN
Filing Date: 2025-05-13
Form Type: 424B5
Source: 0001193125-25-118869
Chunk: 87

Company: LENNAR CORP /NEW/
Filing Date: 2025-05-13
Form: 424B5
Chunk 87
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 depositary against certain possible liabilities. DESCRIPTION OF UNITS We may issue securities in units, each consisting of two or more types of securities. For example, we might issue units consisting of a combination of debt securities and warrants to purchase common stock. If we issue 12

units, the prospectus supplement relating to the units will contain the information described above with regard to each of the securities that is a component of the units. In addition, each prospectus supplement relating to units will:

| • |     | state how long, if at all, the securities that are components of the units must be traded in units, and when they 
 can be traded separately;                                                                                         |

| • |     | state whether we will apply to have the units traded on a securities exchange or securities quotation system; and |

| • |     | describe how, for U.S. federal income tax purposes, the purchase price paid for the units is to be allocated 
 among the component securities.                                                                              |

13

PLAN OF DISTRIBUTION We may sell the securities:

| • |     | to or through underwriters or dealers; |

| • |     | through agents; |

| • |     | directly to purchasers; or |

| • |     | through a combination of any such methods of sale. |

We will describe in a prospectus supplement the particular terms of the offering of the securities to which the prospectus supplement relates, including the following:

| • |     | the names of any underwriters or dealers; |

| • |     | the purchase price and the proceeds we will receive from the sale (which may be at a fixed price or prices, the     
 market price prevailing at the time of sale, a price related to the prevailing market price or a negotiated price); |

| • |     | any underwriting discounts and other items constituting underwriters’ compensation; |

| • |     | any initial public offering price and any discounts or concessions allowed or reallowed or paid to dealers; |

| • |     | any over-allotment options granted to the underwriters; and |

| • |     | any other information we think is important. |

If securities are sold in an underwritten offering, we will execute an underwriting agreement with an underwriter or underwriters. The underwriters will use this prospectus and the prospectus supplement to sell the securities. The underwriting agreement will provide that the obligations of the underwriters are subject to specified conditions precedent and that the underwriters will be obligated to purchase all the securities if