Millrose Properties, Inc.

On October 9, 2026, a securities class action complaint was filed against the Company and certain of its officers in the United States District Court for the Southern District of Florida by Leon Rubenstein and Sylvia Rubenstein, individually and on behalf of a putative class of purchasers of the Company's securities between February 7, 2025 and October 2, 2026. The complaint alleges violations of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder and Section 20(a) of the Exchange Act with respect to claims concerning the Company's business activities and objectives. According to the filed complaint, the plaintiffs are seeking certification of the matter as a class action under Rule 23 of the Federal Rules of Civil Procedure, unspecified damages, attorneys’ fees and other costs incurred related to the lawsuit, and such other relief as the court may deem just and proper. The Company believes the claims are without merit and intends to defend the matter vigorously.