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Filing Details

Accession Number:: 0001731122-22-000451
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-03-15 20:45:31
Reporting Period:: 2022-03-14

Accepted Time:: 2022-03-15 20:45:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1721386	Landsea Homes Corp	LSEA	Operative Builders (1531)	822196021

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1839954	John Ho	C/O Landsea Homes Corporation. 660 Newport Center Drive, Suite 300 Newport Beach CA 92660	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.0001	Acquisiton	2022-03-14	33,624	$7.54	456,291	No	4	P	Direct
Common Stock, Par Value $0.0001	Acquisiton	2022-03-15	31,624	$8.01	487,915	No	4	P	Direct
Common Stock, Par Value $0.0001	Disposition	2022-03-15	20,544	$7.86	467,371	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	F	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $7.19 to $7.94. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
This transaction was executed in multiple trades at prices ranging from $7.83 to $8.20. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
41,436 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on March 15, 2022. In connection with the vesting and settlement of such RSUs, the Issuer withheld shares of Common Stock to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on March 14, 2022. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
Includes (i) 165,746 RSUs previously granted under the 2020 Plan, 41,436 of which will vest on March 15, 2023, 62,155 will vest on March 15, 2024 and the remaining 62,155 will vest on March 15, 2025 and (ii) 65,957 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of April 19, 2022, April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock.