Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LEN, LEN.B | Class A Common Stock | Disposed to Issuer | $0 | -904 | -0.29% | $0.00 | 309K | Feb 27, 2025 | Direct | F1 |
transaction | LEN, LEN.B | Class A Common Stock | Tax liability | -$550K | -4.57K | -1.48% | $120.37 | 304K | Feb 27, 2025 | Direct | F2 |
holding | LEN, LEN.B | Class A Common Stock | 3.48K | Feb 27, 2025 | By spouse as UTMA FL custodian for minor child | F3 | |||||
holding | LEN, LEN.B | Class A Common Stock | 3.48K | Feb 27, 2025 | By reporting person as UTMA FL for minor child | F4 | |||||
holding | LEN, LEN.B | Class B Common Stock | 3.51K | Feb 27, 2025 | By spouse as UTMA FL custodian for minor child | F3 | |||||
holding | LEN, LEN.B | Class B Common Stock | 3.51K | Feb 27, 2025 | By reporting person as UTMA FL for minor child | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | On February 28, 2022, the reporting person was granted a target award of 12,520 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period, which ended on November 30, 2024. This grant was reported when it occurred. As a result of Company's failure to achieve certain financial performance goals, the 904 shares of Class A common stock were forfeited. |
F2 | Pursuant to a 10b5-1 plan, the reporting person surrendered shares to pay tax liability on the shares of Class A common stock that were subject to performance criteria. The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2022. |
F3 | Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |
F4 | Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |