What the executives and directors of Lennar actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| MILLER STUART A Executive Chairman & Co-CEO | CEO | 23.1M | — | — |
| JAFFE JONATHAN M Co-CEO & President | CEO | 1.2M | — | — |
| BESSETTE DIANE J Vice President/Treasurer | Officer | 337.5K | — | — |
| LAPIDUS SIDNEY | Director | 141.4K | — | — |
| McCall Jeffrey Joseph Executive Vice President | Officer | 118.6K | — | — |
| Lee Martin Katherine Chief Legal Officer/Secretary | Officer | 56.6K | — | — |
| Collins David M VP & Controller | Officer | 51.5K | — | — |
| HUDSON SHERRILL W | Director | 38.3K | — | — |
| Gilliam Theron I | Director | 36.8K | — | — |
| McClure Teri P | Director | 32K | — | — |
| SUSTANA MARK VP/General Counsel/Secretary | Officer | 28.5K | — | — |
| SONNENFELD JEFFREY | Director | 27.8K | — | — |
| OLIVERA ARMANDO J | Director | 22.8K | — | — |
| Banse Amy | Director | 17.1K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2024-10-28 | SONNENFELD JEFFREY (Director) | Discretionary sale | 17.5K | $175.13 | $3.1M |
| 2024-05-20 | SUSTANA MARK (Officer) | Discretionary sale | 9,176 | $164.88 | $1.5M |
| 2024-05-15 | McCall Jeffrey Joseph (Officer) | Planned sale (10b5-1) | 10K | $170.11 | $1.7M |
| 2024-05-10 | McCall Jeffrey Joseph (Officer) | Planned sale (10b5-1) | 10K | $162.70 | $1.6M |
| 2024-04-10 | Banse Amy (Director) | Open-market buy | 1,575 | $157.00 | $247K |
| 2023-12-26 | BESSETTE DIANE J (CFO) | Discretionary sale | 10K | $147.73 | $1.5M |
| 2023-12-21 | SUSTANA MARK (Officer) | Discretionary sale | 37.3K | $146.38 | $5.5M |
| 2023-11-14 | Collins David M (Officer) | Discretionary sale | 10K | $130.00 | $1.3M |
| 2023-10-23 | McCall Jeffrey Joseph (Officer) | Planned sale (10b5-1) | 1,157 | $105.01 | $121K |
| 2023-10-20 | McCall Jeffrey Joseph (Officer) | Planned sale (10b5-1) | 8,843 | $105.10 | $929K |
| 2023-10-13 | Banse Amy (Director) | Open-market buy | 920 | $108.71 | $100K |
| 2023-08-17 | Banse Amy (Director) | Open-market buy | 859 | $117.65 | $101K |
| 2023-08-15 | Banse Amy (Director) | Open-market buy | 820 | $123.06 | $101K |
| 2023-07-21 | Banse Amy (Director) | Open-market buy | 790 | $126.42 | $100K |
| 2023-07-20 | McCall Jeffrey Joseph (Officer) | Planned sale (10b5-1) | 10K | $126.48 | $1.3M |
| 2023-06-22 | BESSETTE DIANE J (CFO) | Discretionary sale | 10.8K | $121.46 | $1.3M |
| 2023-06-22 | Banse Amy (Director) | Open-market buy | 165 | $121.29 | $20K |
| 2023-05-15 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 10K | $113.21 | $1.1M |
| 2023-03-23 | BESSETTE DIANE J (CFO) | Discretionary sale | 69 | $87.50 | $6K |
| 2023-03-23 | BESSETTE DIANE J (CFO) | Discretionary sale | 9,220 | $103.28 | $952K |
| 2022-07-21 | Collins David M (Officer) | Discretionary sale | 15K | $82.00 | $1.2M |
| 2022-05-11 | SUSTANA MARK (Officer) | Discretionary sale | 22K | $71.69 | $1.6M |
| 2021-09-01 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 300 | $109.45 | $33K |
| 2021-09-01 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 3,900 | $108.49 | $423K |
| 2021-09-01 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 5,800 | $107.93 | $626K |
| 2021-06-01 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 10K | $100.14 | $1M |
| 2021-04-01 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 2,839 | $102.50 | $291K |
| 2021-04-01 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 2,966 | $101.46 | $301K |
| 2021-04-01 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 4,195 | $103.15 | $433K |
| 2021-03-26 | BESSETTE DIANE J (CFO) | Discretionary sale | 5,000 | $100.00 | $500K |
| 2021-03-26 | BESSETTE DIANE J (CFO) | Discretionary sale | 5,036 | $101.70 | $512K |
| 2021-01-20 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 10K | $80.22 | $802K |
| 2020-12-17 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 10K | $80.20 | $802K |
| 2020-10-05 | Collins David M (Officer) | Discretionary sale | 20K | $85.00 | $1.7M |
| 2020-10-01 | JAFFE JONATHAN M (Officer) | Discretionary sale | 20K | $82.42 | $1.6M |
| 2020-09-29 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 1,769 | $80.22 | $142K |
| 2020-09-24 | STOWELL SCOTT D (Director) | Discretionary sale | 919 | $62.16 | $57K |
| 2020-09-24 | STOWELL SCOTT D (Director) | Discretionary sale | 3,018 | $78.72 | $238K |
| 2020-09-24 | STOWELL SCOTT D (Director) | Discretionary sale | 7,684 | $61.36 | $471K |
| 2020-09-24 | STOWELL SCOTT D (Director) | Discretionary sale | 33.2K | $78.05 | $2.6M |
| 2020-09-24 | STOWELL SCOTT D (Director) | Discretionary sale | 83.8K | $77.12 | $6.5M |
| 2020-09-23 | BESSETTE DIANE J (CFO) | Discretionary sale | 10.9K | $79.63 | $867K |
| 2020-09-23 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 4,524 | $80.00 | $362K |
| 2020-09-22 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 3,707 | $80.01 | $297K |
| 2020-08-17 | SUSTANA MARK (Officer) | Discretionary sale | 40K | $76.87 | $3.1M |
| 2020-07-16 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 10K | $70.01 | $700K |
| 2020-07-08 | BESSETTE DIANE J (CFO) | Discretionary sale | 10K | $65.61 | $656K |
| 2020-07-08 | Collins David M (Officer) | Discretionary sale | 40K | $65.00 | $2.6M |
| 2020-07-02 | BESSETTE DIANE J (CFO) | Discretionary sale | 5,000 | $61.01 | $305K |
| 2020-07-01 | JAFFE JONATHAN M (Officer) | Discretionary sale | 40K | $61.41 | $2.5M |
| 2020-01-24 | STOWELL SCOTT D (Director) | Discretionary sale | 62.4K | $67.75 | $4.2M |
| 2020-01-24 | STOWELL SCOTT D (Director) | Discretionary sale | 237.6K | $67.06 | $15.9M |
| 2020-01-24 | Collins David M (Officer) | Discretionary sale | 20K | $67.22 | $1.3M |
| 2020-01-21 | BESSETTE DIANE J (CFO) | Discretionary sale | 4,307 | $51.54 | $222K |
| 2020-01-21 | BESSETTE DIANE J (CFO) | Discretionary sale | 5,693 | $64.51 | $367K |
| 2020-01-15 | Collins David M (Officer) | Discretionary sale | 10K | $62.54 | $625K |
| 2020-01-02 | JAFFE JONATHAN M (Officer) | Discretionary sale | 20K | $56.06 | $1.1M |
| 2019-10-11 | BOLOTIN IRVING (Director) | Discretionary sale | 5,000 | $58.90 | $295K |
| 2019-10-07 | Collins David M (Officer) | Discretionary sale | 15K | $59.50 | $893K |
| 2019-10-07 | McCall Jeffrey Joseph (Officer) | Discretionary sale | 10K | $59.51 | $595K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.