Spin-off - MILLER STUART A

Form Type: SCHEDULE 13D

Filing Date: 2025-02-14

Corporate Action: Spin-off

Type: New

Accession Number: 000095017025021290

Filing Summary: On February 7, 2025, Lennar distributed shares of Class A and Class B common stock of Millrose Properties, Inc. as part of a Spin-Off. Each holder of Lennar's Class A or Class B common stock received one share of the Issuer's Class A or Class B common stock for every two shares held as of January 21, 2025. Mr. Miller owns 98.7% of Class B stock and can convert it into Class A stock. Following the Spin-Off, Mr. Miller is now the beneficial owner of 838,334 shares of Class A and 11,670,757 shares of Class B. He acquired 424,630 additional shares of Class A on the open market totaling $9,999,017.57. Mr. Miller's combined ownership equates to 7.5% of Class A shares and he holds a significant voting power of 43.2% at shareholder meetings. He has no plans for further acquisitions or management changes within the Issuer.