Company: LEN
Filing Date: 2025-10-24
Form Type: SC TO-I/A
Source: 0001193125-25-250126
Chunk: 2

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-24
Form: SC TO-I/A
Chunk 2
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 incorporated herein by reference. Item 3. Identity and Background of Filing Person. (a) Name and Address. The filing person and subject company is Lennar Corporation. The principal executive offices of Lennar Corporation are located at 5505 Waterford District Drive, Miami, Florida 33126. Its telephone number at such office is (305) 559-4000.Reference is made to the information set forth under the headings “Summary—The Companies” and “Security Ownership of Certain Beneficial Owners and Management of Lennar and Millrose” in the Prospectus, which is incorporated herein by reference. Item 4. Terms of the Transaction. (a) Material Terms. The information set forth in the sections of the Prospectus entitled “Questions and Answers About the Exchange Offer,” “Summary,” “The Transaction,” “The Exchange Offer,” “Material U.S. Federal Income Tax Consequences”, “Comparison of Stockholder Rights”, the cover page of the Prospectus, the Form of Letter of Transmittal (attached hereto as Exhibit (a)(1)(ii)) and the Instruction booklet to the Letter of Transmittal (attached hereto as Exhibit (a)(1)(iii)) is incorporated herein by reference. (b) Purchases. The Exchange Offer is open to all holders of shares of Lennar Class A Common Stock who tender their shares in a jurisdiction where the Exchange Offer is permitted. Therefore, any officer, director or affiliate of Lennar who is a holder of shares of Lennar Class A Common Stock may participate in the Exchange Offer on the same terms and conditions as all other Lennar stockholders. No offer is being made to the holders of shares of Class B common stock, par value $0.10 per share, of Lennar.

Item 5. Past Contacts, Transactions, Negotiations and Agreements.

(e) Agreements Involving the Subject Company’s Securities. The information set forth in the sections entitled “The
Transaction—Background of the Exchange Offer—Spin Off,” “Stock Ownership,” “Director Compensation,” “Compensation Discussion and Analysis,” and “Executive Compensation Tables” in
Lennar’s Definitive Proxy Statement filed with the SEC on February 28, 2025, and in the sections of the Prospectus entitled “Agreements Between Lennar and Millrose and Other Related Party Transactions” and “Security
Ownership of Certain Beneficial Owners and Management of Lennar and Millrose,” is incorporated herein by reference.