<SEC-DOCUMENT>0000950170-25-050541.txt : 20250403
<SEC-HEADER>0000950170-25-050541.hdr.sgml : 20250403
<ACCEPTANCE-DATETIME>20250403165545
ACCESSION NUMBER:		0000950170-25-050541
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250403
FILED AS OF DATE:		20250403
DATE AS OF CHANGE:		20250403

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lynch Kathleen B.
		CENTRAL INDEX KEY:			0001863429
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42476
		FILM NUMBER:		25810446

	MAIL ADDRESS:	
		STREET 1:		C/O EASTMAN KODAK COMPANY
		STREET 2:		343 STATE STREET
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14650

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Millrose Properties, Inc.
		CENTRAL INDEX KEY:			0002017206
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				992056892
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		C/O CORPORATE CREATIONS NETWORK INC.
		STREET 2:		2 WISCONSIN CIRCLE #700
		CITY:			CHEVY CHASE
		STATE:			MD
		ZIP:			20815
		BUSINESS PHONE:		305-559-4000

	MAIL ADDRESS:	
		STREET 1:		C/O CORPORATE CREATIONS NETWORK INC.
		STREET 2:		2 WISCONSIN CIRCLE #700
		CITY:			CHEVY CHASE
		STATE:			MD
		ZIP:			20815

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Millrose, Inc.
		DATE OF NAME CHANGE:	20240326
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-04-03</periodOfReport>

    <issuer>
        <issuerCik>0002017206</issuerCik>
        <issuerName>Millrose Properties, Inc.</issuerName>
        <issuerTradingSymbol>MRP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001863429</rptOwnerCik>
            <rptOwnerName>Lynch Kathleen B.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MILLROSE PROPERTIES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>600 BRICKELL AVENUE, SUITE 1400</rptOwnerStreet2>
            <rptOwnerCity>MIAMI</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33131</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-04-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5660</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5660</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On April 03, 2025, Millrose Properties, Inc. (the &quot;Issuer&quot;) granted 5,660 restricted stock units (&quot;RSUs&quot;) to the reporting person under the Issuer's 2024 Omnibus Incentive Plan. Such RSUs will vest into shares of Class A Common Stock of the Issuer on a 1-for-1 basis upon the earlier of (i) the first anniversary of the date of the grant and (ii) the date of the Issuer's annual stockholder meeting that next follows the date of the grant, subject to the reporting person's continuous service as a director of the Issuer from the date of the grant through the vesting date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Rachel Presa attorney-in-fact</signatureName>
        <signatureDate>2025-04-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
