# LEN — Lennar Corporation — dossier 2026-10-17 Worklist reason: top of graham, no dossier yet; CIK 0000920760, NYSE (Class A LEN and Class B LEN-B), SIC 1520, Delaware, fiscal year end November 30. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) ## 1. Business Lennar describes itself as one of the largest homebuilders in the United States by deliveries, revenues and net earnings, an originator of residential and commercial mortgage loans, a provider of title insurance and closing services and a developer of multifamily rental properties. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) Homebuilding generated $32 billion in revenues, or approximately 94% of consolidated revenues, in fiscal 2025. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) Reportable segments are Homebuilding East, Central, South Central and West plus Other, together with Financial Services, Multifamily and Lennar Other. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) New home deliveries, including unconsolidated entities, were 82,583 in fiscal 2025 against 80,210 in fiscal 2024 and 73,087 in fiscal 2023. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The average sales price, excluding unconsolidated entities, was $391,000 for fiscal 2025 against $423,000 in fiscal 2024 and $445,000 in fiscal 2023. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) At November 30, 2025, 98% of total homesites were controlled through options with land banks, land sellers and joint ventures, against 82% a year earlier. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The company was actively building and marketing homes in 1,708 communities at November 30, 2025, against 1,447 a year earlier, with about 5,000 completed unsold homes. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) In February 2025 Lennar completed the taxable spin-off of Millrose Properties, Inc., contributing $5.6 billion in land assets and cash of $1.0 billion. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) In November 2025 an exchange offer resulted in Lennar acquiring 8,049,594 shares of its Class A common stock in exchange for 33,298,754 shares of Millrose Class A common stock. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) Financial services subsidiaries originated approximately 55,900 residential mortgage loans totaling $20.0 billion in fiscal 2025. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The backlog dollar value including unconsolidated entities was $5.2 billion at November 30, 2025 against $5.4 billion a year earlier, with a cancellation rate of 14% in both years. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) At November 30, 2025 the company employed 12,532 individuals, of whom 10,182 were in Homebuilding, 2,132 in Financial Services and 218 in Multifamily. [10-K FY2025 Item 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) ## 2. Capital structure The condensed consolidated balance sheet at August 31, 2026 (in thousands) shows Homebuilding cash and cash equivalents of $1,150,115 and total assets of $33,378,225. [10-Q Q3 FY2026 balance sheet](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Homebuilding inventory owned was $11,535,403 and deposits and pre-acquisition costs on real estate were $7,327,193 at August 31, 2026. [10-Q Q3 FY2026 balance sheet](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Homebuilding senior notes and other debts payable, net were $4,297,251 at August 31, 2026 against $4,084,686 at November 30, 2025. [10-Q Q3 FY2026 balance sheet](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) The segment table shows senior notes and other debts payable of $5,881,699 at August 31, 2026 (Homebuilding $4,297,251 and Financial Services $1,584,448) and $5,874,995 at November 30, 2025. [10-Q Q3 FY2026 segment note](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Total liabilities were $11,681,805, total stockholders' equity $21,558,959 and total equity $21,696,420 at August 31, 2026. [10-Q Q3 FY2026 balance sheet](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) The Homebuilding debt note lists the revolving credit facility at $650,000, the delayed draw term loan facility due 2028 at $1,705,202, 5.00% notes due 2027 at $350,302, 4.75% notes due 2027 at $699,279, 5.20% notes due 2030 at $695,104 and mortgage notes on land and other debt at $197,364. [10-Q Q3 FY2026 Note 7](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) The 5.25% senior notes due June 2026 were redeemed in full. [10-Q Q3 FY2026 Note 7](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Total revolving credit facility commitments were $3,125,000 thousand with a $375,000 thousand accordion, for total maximum borrowing capacity of $3,500,000 thousand. [10-Q Q3 FY2026 Note 7](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Performance letters of credit were $2,049,932, financial letters of credit $872,300 and surety bonds $5,712,988 (thousands) at August 31, 2026. [10-Q Q3 FY2026 Note 7](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) The 10-Q cover reports common stock outstanding as of August 31, 2026 of 207,876,222 Class A shares and 30,024,017 Class B shares. [10-Q Q3 FY2026 cover](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Treasury stock at August 31, 2026 was 55,247,920 Class A and 6,577,198 Class B shares, at a cost of $7,450,306 thousand. [10-Q Q3 FY2026 balance sheet](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Class A common stock carries one vote per share and Class B common stock carries ten votes per share. [10-K FY2025 Note on EPS and equity](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) On October 15, 2026 Lennar settled an offering of 5.700% Senior Notes due 2029 and 5.950% Senior Notes due 2032, each of $300 million principal. [8-K 2026-10-15 Item 8.01](https://www.sec.gov/Archives/edgar/data/920760/000119312526422909/d11207d8k.htm) Net earnings attributable to Lennar for the nine months ended August 31, 2026 were $818,031 thousand against $1,587,942 thousand a year earlier, with basic and diluted EPS of $3.36 against $6.06. [10-Q Q3 FY2026 EPS note](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) ## 3. Earnings record The table holds the stock JSON net_income_by_fy, eps_diluted_by_fy and revenue_by_fy values for FY2016 to FY2025 (fiscal years ending November 30). [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | FY | Net income (USD) | Diluted EPS (as reported) | Revenue (USD) | Source | |---|---|---|---|---| | 2016 | 911,844,000 | 3.86 | 10,949,999,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2017 | 810,480,000 | 3.38 | 12,646,365,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2018 | 1,695,831,000 | 5.44 | 20,571,631,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2019 | 1,849,052,000 | 5.74 | 22,259,561,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2020 | 2,465,036,000 | 7.85 | 22,488,854,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2021 | 4,430,111,000 | 14.27 | 27,130,676,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2022 | 4,614,125,000 | 15.72 | 33,671,010,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2023 | 3,938,511,000 | 13.73 | 34,233,366,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2024 | 3,932,533,000 | 14.31 | 35,441,452,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | | 2025 | 2,078,179,000 | 7.98 | 34,186,934,000 | [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) | The FY2025 10-K reports total revenues of $34,186,934, $35,441,452 and $34,233,366 thousand and net earnings attributable to Lennar of $2,078,179, $3,932,533 and $3,938,511 thousand for 2025, 2024 and 2023, matching the JSON rows. [10-K FY2025 Item 8](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The same statement reports basic and diluted earnings per share of $7.98, $14.31 and $13.73 for 2025, 2024 and 2023 on 257,746, 272,019 and 283,319 thousand weighted average shares. [10-K FY2025 Item 8](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) Class A and Class B holders received annual per-share dividends of $2.00, $2.00 and $1.50 for fiscal 2025, 2024 and 2023, and a $0.50 quarterly dividend was declared on January 21, 2026. [10-K FY2025 Item 5 and Note 1](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The JSON dividend_years array runs from 1987 through 2026 without a gap, while the Graham dividend input lists Yahoo dividend years from 2002 to 2026. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) ## 4. Recent filings 8-K filings dated 2026-04-19 to 2026-10-16 per the EDGAR submissions feed are listed below; the 8-K of 2026-04-13 (Item 5.07) falls before the window and was not opened. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000920760.json) - 2026-10-15, Items 8.01 / 9.01: "On October 15, 2026, Lennar Corporation (the "Company") settled its offering of (i) $300 million aggregate principal amount of the Company's 5.700% Senior Notes due 2029 (the "2029 Notes") and (ii) $300 million aggregate principal amount of the Company's 5.950% Senior Notes due 2032". [8-K 2026-10-15](https://www.sec.gov/Archives/edgar/data/920760/000119312526422909/d11207d8k.htm) - 2026-09-16, Items 2.02 / 9.01: "On September 16, 2026, Lennar Corporation issued a press release announcing its results of operations for the third quarter ended August 31, 2026." [8-K 2026-09-16](https://www.sec.gov/Archives/edgar/data/920760/000162828026062287/len-20260916.htm) - 2026-06-12, Items 7.01 / 9.01: "On June 12, 2026, Lennar Corporation (the "Company") posted a presentation in the investor relations section of the Company's website at investors.lennar.com." [8-K 2026-06-12](https://www.sec.gov/Archives/edgar/data/920760/000119312526268580/d31288d8k.htm) - 2026-06-11, Items 2.02 / 9.01: "On June 11, 2026, Lennar Corporation issued a press release announcing its results of operations for the second quarter ended May 31, 2026." [8-K 2026-06-11](https://www.sec.gov/Archives/edgar/data/920760/000162828026042551/len-20260611.htm) - 2026-06-08, Items 5.02 / 7.01 / 9.01: "On June 5, 2026, Lennar Corporation (the "Company") appointed Jim Parker as the Company's Chief Operating Officer, effective as of June 5, 2026"; the Item 7.01 text adds that David Grove was named Executive Vice President, Homebuilding. [8-K 2026-06-08](https://www.sec.gov/Archives/edgar/data/920760/000162828026041334/len-20260605.htm) Periodic filings in the window: 10-Q for the quarter ended May 31, 2026 filed 2026-06-29 and 10-Q for the quarter ended August 31, 2026 filed 2026-10-02. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000920760.json) ## 5. Insiders The EDGAR submissions feed lists 57 Form 4 filings for the issuer between 2025-10-16 and 2026-10-16 plus one Form 4 in which Lennar itself reports as a holder of Millrose Properties, Inc. stock; the table covers the 57 issuer filings, one row per transaction. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000920760.json) | Txn date | Reporting owner | Role | Security | Code | Shares | Price | Owned after | 10b5-1 flag | Source | |---|---|---|---|---|---|---|---|---|---| | 2026-10-07 | OLIVERA ARMANDO J | Director | Class A Common Stock | A | 24 | 76.13 | 23,371 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526418179/ownership.xml) | | 2026-10-07 | SONNENFELD JEFFREY | Director | Class A Common Stock | A | 21 | 76.13 | 28,209 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526418176/ownership.xml) | | 2026-10-07 | HUDSON SHERRILL W | Director | Class A Common Stock | A | 15 | 76.13 | 38,308 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526418168/ownership.xml) | | 2026-10-07 | Smith Dacona | Director | Class A Common Stock | A | 15 | 76.13 | 6,292 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526418166/ownership.xml) | | 2026-10-07 | Wolfe Serena | Director | Class A Common Stock | A | 15 | 76.13 | 6,362 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526418161/ownership.xml) | | 2026-10-07 | Gilliam Theron I | Director | Class A Common Stock | A | 15 | 76.13 | 36,838 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526418158/ownership.xml) | | 2026-10-07 | McClure Teri P | Director | Class A Common Stock | A | 15 | 76.13 | 32,013 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526418153/ownership.xml) | | 2026-10-07 | Banse Amy | Director | Class A Common Stock | A | 15 | 76.13 | 16,977 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526418151/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 448,113 | 78.37 | 27,188,239 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 342,553 | 79.03 | 27,530,792 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 842,753 | 80.04 | 28,373,545 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 44,300 | 81.14 | 28,417,845 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 20,200 | 81.9 | 28,438,045 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 2,290 | 77.12 | 560,142 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 2,452 | 77.93 | 562,594 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 5,135 | 78.77 | 567,729 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-02 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 299 | 79.74 | 568,028 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-01 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 425,869 | 79.49 | 26,460,305 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-01 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 92,830 | 80.57 | 26,553,135 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-01 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 186,991 | 81.46 | 26,740,126 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-01 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 3,802 | 78.26 | 556,802 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-01 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 950 | 79.51 | 557,752 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-10-01 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 100 | 80 | 557,852 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) | | 2026-09-30 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 638,813 | 81.59 | 26,034,436 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526409451/ownership.xml) | | 2026-09-30 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 4,008 | 79.98 | 553,000 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526409451/ownership.xml) | | 2026-09-29 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 12,289 | 81.95 | 25,395,623 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526409451/ownership.xml) | | 2026-09-29 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 100 | 80 | 548,992 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526409451/ownership.xml) | | 2026-09-28 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 5,200 | 81.96 | 25,383,334 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526409451/ownership.xml) | | 2026-09-25 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 313,379 | 80.9 | 25,206,411 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-25 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 171,723 | 81.6 | 25,378,134 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-25 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 7,022 | 79.53 | 548,892 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-24 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 399,238 | 80.58 | 24,651,340 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-24 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 241,692 | 81.44 | 24,893,032 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-24 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 9,415 | 79.42 | 538,895 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-24 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 2,975 | 79.91 | 541,870 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-23 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 532,993 | 81.65 | 24,252,102 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-23 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 1,263 | 79.99 | 529,480 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526403089/ownership.xml) | | 2026-09-21 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 160,275 | 77.23 | 23,235,300 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-21 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 483,809 | 77.97 | 23,719,109 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-21 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 4,888 | 75.76 | 510,071 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-21 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 18,146 | 76.62 | 528,217 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-18 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 1,218,429 | 76.39 | 22,946,779 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-18 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 51,586 | 77.06 | 22,998,365 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-18 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 68,760 | 78.09 | 23,067,125 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-18 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 7,900 | 78.88 | 23,075,025 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-18 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 33,122 | 74.8 | 503,583 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-18 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 390 | 75.76 | 503,973 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-18 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 710 | 76.98 | 504,683 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-18 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 500 | 78.38 | 505,183 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-17 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 267,585 | 78.41 | 21,318,186 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-17 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class A Common Stock | P | 410,164 | 79.41 | 21,728,350 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-17 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 8,959 | 76.96 | 462,155 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-09-17 | BERKSHIRE HATHAWAY INC / BUFFETT WARREN E | 10% owner | Class B Common Stock | P | 8,306 | 77.94 | 470,461 (I) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) | | 2026-08-31 | SONNENFELD JEFFREY | Director | Class A Common Stock | A | 341 | 84.11 | 28,188 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526380572/ownership.xml) | | 2026-08-31 | OLIVERA ARMANDO J | Director | Class A Common Stock | A | 535 | 84.11 | 23,347 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526380561/ownership.xml) | | 2026-07-10 | SONNENFELD JEFFREY | Director | Class A Common Stock | A | 17 | 84.27 | 27,846 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526303530/ownership.xml) | | 2026-07-10 | McClure Teri P | Director | Class A Common Stock | A | 14 | 84.27 | 31,998 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526303527/ownership.xml) | | 2026-07-10 | Wolfe Serena | Director | Class A Common Stock | A | 14 | 84.27 | 6,347 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526303524/ownership.xml) | | 2026-07-10 | Smith Dacona | Director | Class A Common Stock | A | 14 | 84.27 | 6,277 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526303517/ownership.xml) | | 2026-07-10 | Gilliam Theron I | Director | Class A Common Stock | A | 14 | 84.27 | 36,823 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526303510/ownership.xml) | | 2026-07-10 | HUDSON SHERRILL W | Director | Class A Common Stock | A | 14 | 84.27 | 38,293 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526303507/ownership.xml) | | 2026-07-10 | OLIVERA ARMANDO J | Director | Class A Common Stock | A | 19 | 84.27 | 22,812 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526303503/ownership.xml) | | 2026-07-10 | Banse Amy | Director | Class A Common Stock | A | 14 | 84.27 | 16,962 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526303500/ownership.xml) | | 2026-05-29 | SONNENFELD JEFFREY | Director | Class A Common Stock | A | 320 | 89.78 | 27,828 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526253952/ownership.xml) | | 2026-05-29 | OLIVERA ARMANDO J | Director | Class A Common Stock | A | 501 | 89.78 | 22,792 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526253935/ownership.xml) | | 2026-05-11 | MILLER STUART A | 10% owner, Director, Exec. Chairman, CEO, President | Class A Common Stock | G | 2,000 | 0 | 1,465,966 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526222046/ownership.xml) | | 2026-04-22 | SONNENFELD JEFFREY | Director | Class A Common Stock | A | 13 | 94.45 | 27,508 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526178030/ownership.xml) | | 2026-04-22 | OLIVERA ARMANDO J | Director | Class A Common Stock | A | 14 | 94.45 | 22,291 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526178011/ownership.xml) | | 2026-04-22 | Banse Amy | Director | Class A Common Stock | A | 12 | 94.45 | 16,948 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526178004/ownership.xml) | | 2026-04-22 | McClure Teri P | Director | Class A Common Stock | A | 12 | 94.45 | 31,984 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526177997/ownership.xml) | | 2026-04-22 | HUDSON SHERRILL W | Director | Class A Common Stock | A | 12 | 94.45 | 38,279 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526177824/ownership.xml) | | 2026-04-22 | Gilliam Theron I | Director | Class A Common Stock | A | 12 | 94.45 | 36,809 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526177799/ownership.xml) | | 2026-04-22 | Wolfe Serena | Director | Class A Common Stock | A | 12 | 94.45 | 6,333 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526177778/ownership.xml) | | 2026-04-22 | Smith Dacona | Director | Class A Common Stock | A | 12 | 94.45 | 6,263 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526177764/ownership.xml) | | 2026-04-08 | Banse Amy | Director | Class A Common Stock | A | 2,313 | 0 | 16,936 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526151493/ownership.xml) | | 2026-04-08 | McClure Teri P | Director | Class A Common Stock | A | 2,313 | 0 | 31,972 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526151488/ownership.xml) | | 2026-04-08 | Gilliam Theron I | Director | Class A Common Stock | A | 2,313 | 0 | 36,797 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526151480/ownership.xml) | | 2026-04-08 | HUDSON SHERRILL W | Director | Class A Common Stock | A | 2,313 | 0 | 38,267 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526151475/ownership.xml) | | 2026-04-08 | Wolfe Serena | Director | Class A Common Stock | A | 2,313 | 0 | 6,321 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526151471/ownership.xml) | | 2026-04-08 | Smith Dacona | Director | Class A Common Stock | A | 2,313 | 0 | 6,251 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526151465/ownership.xml) | | 2026-04-08 | SONNENFELD JEFFREY | Director | Class A Common Stock | A | 2,312 | 0 | 27,494 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526151459/ownership.xml) | | 2026-04-08 | OLIVERA ARMANDO J | Director | Class A Common Stock | A | 2,312 | 0 | 22,276 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526151453/ownership.xml) | | 2026-03-16 | MILLER STUART A | 10% owner, Director, Executive Chairman & CEO | Class A Common Stock | D | 55,490 | 0 | 1,209,820 (D) | 10b5-1 box checked | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526114602/ownership.xml) | | 2026-03-16 | MILLER STUART A | 10% owner, Director, Executive Chairman & CEO | Class A Common Stock | F | 59,958 | 95.95 | 1,149,862 (D) | 10b5-1 per footnote; 10b5-1 box checked | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526114602/ownership.xml) | | 2026-03-16 | BESSETTE DIANE J | VP & Chief Financial Officer | Class A Common Stock | D | 4,862 | 0 | 334,006 (D) | 10b5-1 box checked | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526114562/ownership.xml) | | 2026-03-16 | BESSETTE DIANE J | VP & Chief Financial Officer | Class A Common Stock | F | 4,698 | 95.95 | 329,308 (D) | 10b5-1 per footnote; 10b5-1 box checked | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526114562/ownership.xml) | | 2026-02-27 | SONNENFELD JEFFREY | Director | Class A Common Stock | A | 251 | 114.36 | 25,182 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526088995/ownership.xml) | | 2026-02-27 | OLIVERA ARMANDO J | Director | Class A Common Stock | A | 393 | 114.36 | 19,964 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526088951/ownership.xml) | | 2026-02-14 | Collins David M | VP & Controller | Class A Common Stock | F | 1,177 | 122.28 | 51,453 (D) | 10b5-1 per footnote; 10b5-1 box checked | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526057532/ownership.xml) | | 2026-02-14 | Collins David M | VP & Controller | Class A Common Stock | F | 836 | 122.28 | 50,617 (D) | 10b5-1 per footnote; 10b5-1 box checked | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526057532/ownership.xml) | | 2026-02-14 | Collins David M | VP & Controller | Class A Common Stock | F | 998 | 122.28 | 49,619 (D) | 10b5-1 per footnote; 10b5-1 box checked | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526057532/ownership.xml) | | 2026-02-14 | Lee Martin Katherine | Chief Legal Officer/Secretary | Class A Common Stock | F | 2,966 | 122.28 | 56,600 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526057501/ownership.xml) | | 2026-02-14 | Lee Martin Katherine | Chief Legal Officer/Secretary | Class A Common Stock | F | 989 | 122.28 | 55,611 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526057501/ownership.xml) | | 2026-01-20 | MILLER STUART A | 10% owner, Director, Executive Chairman & CEO | Class A Common Stock | A | 161,083 | 0 | 1,125,122 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019790/ownership.xml) | | 2026-01-20 | MILLER STUART A | 10% owner, Director, Executive Chairman & CEO | Class A Common Stock | A | 69,035 | 0 | 1,194,157 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019790/ownership.xml) | | 2026-01-20 | MILLER STUART A | 10% owner, Director, Executive Chairman & CEO | Class A Common Stock | F | 25,913 | 115.16 | 1,168,244 (D) | 10b5-1 per footnote | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019790/ownership.xml) | | 2026-01-20 | BESSETTE DIANE J | VP & Chief Financial Officer | Class A Common Stock | A | 20,625 | 0 | 325,114 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019776/ownership.xml) | | 2026-01-20 | BESSETTE DIANE J | VP & Chief Financial Officer | Class A Common Stock | A | 20,625 | 0 | 345,739 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019776/ownership.xml) | | 2026-01-20 | BESSETTE DIANE J | VP & Chief Financial Officer | Class A Common Stock | F | 6,871 | 115.16 | 338,868 (D) | 10b5-1 per footnote | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019776/ownership.xml) | | 2026-01-20 | Collins David M | VP & Controller | Class A Common Stock | A | 8,687 | 0 | 52,630 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019769/ownership.xml) | | 2026-01-20 | Lee Martin Katherine | Chief Legal Officer/Secretary | Class A Common Stock | A | 8,683 | 0 | 50,883 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019752/ownership.xml) | | 2026-01-20 | Lee Martin Katherine | Chief Legal Officer/Secretary | Class A Common Stock | A | 8,683 | 0 | 59,566 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312526019752/ownership.xml) | | 2025-11-28 | Banse Amy | Director | Class A Common Stock | A | 133 | 0 | 14,623 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312525305497/ownership.xml) | | 2025-11-28 | McClure Teri P | Director | Class A Common Stock | A | 133 | 0 | 29,659 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312525305492/ownership.xml) | | 2025-11-28 | Smith Dacona | Director | Class A Common Stock | A | 133 | 0 | 3,938 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312525305476/ownership.xml) | | 2025-11-28 | Wolfe Serena | Director | Class A Common Stock | A | 133 | 0 | 4,008 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312525305467/ownership.xml) | | 2025-11-26 | Banse Amy | Director | Class A Common Stock | J | 220 | - | 14,490 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312525304053/ownership.xml) | | 2025-11-26 | MILLER STUART A | 10% owner, Director, Executive Chairman & Co-CEO | Class A Common Stock | J | 20,129 | - | 971,789 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312525304048/ownership.xml) | | 2025-11-26 | MILLER STUART A | 10% owner, Director, Executive Chairman & Co-CEO | Class A Common Stock | G | 7,750 | - | 964,039 (D) | none | [Form 4](https://www.sec.gov/Archives/edgar/data/920760/000119312525304048/ownership.xml) | Berkshire Hathaway Inc and Warren E. Buffett file jointly as 10% owners; the first joint Form 4 reports Class A open-market purchases (code P) from 2026-09-17, with 23,719,109 Class A shares held after 2026-09-21 through Berkshire insurance subsidiaries, including National Indemnity Company (12,366,349). [Form 4 2026-09-21](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) The same filing reports 528,217 Class B shares held through AZGUARD Insurance Company (252,589) and National Indemnity Company (275,628), and each price is a weighted average of multiple trades within a stated range. [Form 4 2026-09-21](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) The latest joint Form 4 reports Class A holdings of 28,438,045 shares and Class B holdings of 568,028 shares after the 2026-10-02 trades. [Form 4 2026-10-05](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) A Form 3 for the Berkshire group was filed on 2026-09-21 (event date 2026-09-17) and was not opened in this run. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000920760.json) No Form 4 in the 12 months reports an open-market sale (code S) of Lennar stock by any insider; the dispositions are tax-withholding surrenders (code F), a performance-share forfeiture (code D), gifts (code G) and Millrose exchange-offer tenders (code J). [EDGAR submissions](https://data.sec.gov/submissions/CIK0000920760.json) Rule 10b5-1 flags: the Form 4s of David M. Collins (2026-02-14), Diane J. Bessette (2026-03-16) and Stuart A. Miller (2026-03-16) check the 10b5-1 box, and their footnotes state the shares were surrendered to pay tax liability pursuant to a 10b5-1 plan. [Form 4 Miller 2026-03-16](https://www.sec.gov/Archives/edgar/data/920760/000119312526114602/ownership.xml) The 2026-01-20 Form 4s of Miller and Bessette carry the same 10b5-1 tax-surrender footnote on their code F rows without the box checked. [Form 4 Miller 2026-01-20](https://www.sec.gov/Archives/edgar/data/920760/000119312526019790/ownership.xml) Director rows coded A at a stated price are deferred stock units or dividend-equivalent units under the outside directors' compensation program, not open-market purchases, per the Form 4 footnotes. [Form 4 Banse 2026-10-07](https://www.sec.gov/Archives/edgar/data/920760/000119312526418151/ownership.xml) The Form 4 in which Lennar reports as a 10% owner of Millrose Properties, Inc. records the disposition of 33,298,754 Millrose Class A shares in the exchange offer. [Form 4 Lennar re Millrose](https://www.sec.gov/Archives/edgar/data/920760/000119312525304073/ownership.xml) No private-placement flag appears in any Form 4 opened; all Berkshire rows are coded P and footnoted as purchases in multiple transactions at a weighted average price. [Form 4 2026-10-05](https://www.sec.gov/Archives/edgar/data/920760/000119312526414744/ownership.xml) ## 6. Data health The Graham verification block reads verified 2, mismatch 0, unverified 19, not_cross_checked 2, so no input is marked mismatch; the inputs below are the unverified ones. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) Revenue 34,186,934,000 (period 2025-11-30, stale, unverified) agrees with total revenues of $34,186,934 thousand in the FY2025 10-K. [10-K FY2025 Item 8](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) debt_incl_current 5,874,995,000 (period 2025-11-30, stale, unverified) equals the 10-K segment-table total of senior notes and other debts payable, which combines Homebuilding $4,084,686 and Financial Services $1,790,309 thousand. [10-K FY2025 segment note](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The balance-sheet line Senior notes and other debts payable, net shows $4,084,686 thousand for Homebuilding alone at November 30, 2025, so the Graham debt input includes Financial Services warehouse and other debt. [10-K FY2025 balance sheet](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The debt input is dated 2025-11-30 while the equity input is dated 2026-08-31; the 10-Q segment table gives $5,881,699 thousand of senior notes and other debts payable at August 31, 2026. [10-Q Q3 FY2026 segment note](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Equity 21,558,959,000 (period 2026-08-31, unverified) agrees with total stockholders' equity of $21,558,959 thousand in the 10-Q. [10-Q Q3 FY2026 balance sheet](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Graham EPS inputs for FY2023 and FY2024 are 13.2914 and 13.8529 with the note "split factor 1.033", and for FY2014 to FY2016 2.6652, 3.2268 and 3.6742 with "split factor 1.05056", all unverified. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) The FY2025 10-K still presents basic and diluted EPS of $14.31 for 2024 and $13.73 for 2023, and the word split does not appear in the 10-K or the Q3 10-Q text fetched in this run, so the source of the adjustment factors is not identified in those filings. [10-K FY2025 Item 8](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The EPS FY2025 input of 7.98 is taken from the EarningsPerShareBasic tag although labelled diluted; the 10-K reports a single basic and diluted figure of $7.98. [10-K FY2025 Item 8](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) Net income inputs FY2016 to FY2025 are unverified; FY2023 to FY2025 agree with the FY2025 10-K and earlier years were not checked against their filings in this run. [10-K FY2025 Item 8](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) The JSON Shares outstanding input of 240,990,000 is the weighted average for the nine months ended August 31, 2026 (the three-month figure is 237,756 thousand). [10-Q Q3 FY2026 EPS note](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) The JSON market_cap block states that no point-in-time outstanding-share fact exists within 18 months, while the 10-Q cover reports 207,876,222 Class A and 30,024,017 Class B shares outstanding as of August 31, 2026. [10-Q Q3 FY2026 cover](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) Because market cap is null, the JSON insider score reads insufficient data (market cap unknown) and the magic formula score reads insufficient data (latest annual operating income is CY2020). [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) The JSON insider_transactions_recent array holds 40 rows, while the four Berkshire Form 4s contain 45 purchase rows; the five absent rows are the four 2026-09-17 rows and the 2026-09-18 Class A row of 1,218,429 shares at 76.39. [Form 4 2026-09-21](https://www.sec.gov/Archives/edgar/data/920760/000119312526397059/ownership.xml) The JSON labels the 2026-09-23 to 2026-09-30 rows as BUFFETT WARREN E and the other rows as BERKSHIRE HATHAWAY INC, while each Form 4 names both as joint reporting owners, and the JSON rows mix Class A and Class B purchases without a share-class field. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) The JSON source_url for the 2026-10-01 and 2026-10-02 rows points to the Berkshire CIK path (1067983) rather than the Lennar path used for the other rows; both resolve to accession 0001193125-26-414744. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) The dividend input is verified for FY2021 only (0.25 per share, accession 0001628280-22-025896, not opened in this run); the other 19 Graham dividend years are unverified. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) Price 72.75 as of 2026-10-14 (Yahoo) differs from the Yahoo chart API close of 73.53 for 2026-10-14 (77.69 on 2026-10-15). [Yahoo chart API](https://query1.finance.yahoo.com/v8/finance/chart/LEN?range=5d&interval=1d) Carried forward on 2026-10-17: today's record (snapshot 2026-10-17) reads Graham score 100.0 computed 2026-10-17, verification verified 2, mismatch 0, unverified 19, not_cross_checked 2, price 77.69 as of 2026-10-15; the lines above describe the 2026-10-16 record. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json) ## 7. Agent log 2026-10-16 05:58 CEST: fetched EDGAR submissions JSON for CIK 0000920760 with the declared user agent. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000920760.json) 2026-10-16 05:59 CEST: fetched 58 Form 4 XML documents filed 2025-10-16 to 2026-10-16 and parsed transactions, footnotes and the 10b5-1 field; one concerned Millrose as issuer. [EDGAR Form 4 list](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000920760&type=4) 2026-10-16 06:00 CEST: fetched the FY2025 10-K primary document and read Item 1, the balance sheet, statements of operations, segment note and EPS note. [10-K FY2025](https://www.sec.gov/Archives/edgar/data/920760/000162828026003870/len-20251130.htm) 2026-10-16 06:00 CEST: fetched the Q3 FY2026 10-Q primary document and read the cover, balance sheet, segment table, EPS note and Note 7. [10-Q Q3 FY2026](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/len-20260831.htm) 2026-10-16 06:00 CEST: fetched five 8-Ks (2026-06-08, 2026-06-11, 2026-06-12, 2026-09-16, 2026-10-15) and read the item text. [EDGAR 8-K list](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000920760&type=8-K) 2026-10-16 06:02 CEST: fetched Yahoo chart API five-day closes for LEN. [Yahoo quote](https://finance.yahoo.com/quote/LEN) Not reached: 8-K exhibit 99.1 press releases, the Q2 FY2026 10-Q, the Berkshire Form 3, the Schedule 13D/A filings, the DEF 14A, XBRL companyfacts, the 2022 filing behind the verified FY2021 dividend, and the earlier 10-Ks behind FY2016 to FY2022 inputs. [EDGAR filing index](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000920760) 2026-10-17 07:58 CEST: re-fetched the EDGAR submissions JSON; no 8-K or Form 4 filed on or after 2026-10-16 is listed, so sections 1 to 5 are carried forward unchanged from the 2026-10-16 dossier. [EDGAR submissions](https://data.sec.gov/submissions/CIK0000920760.json) 2026-10-17 08:05 CEST: re-read today's stock record for the data-health note above. [site/s/LEN.json](https://theclaudetrader.com/s/LEN.json)