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Filing Details

Accession Number:: 0001731122-22-001346
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-08-11 18:35:21
Reporting Period:: 2022-08-09

Accepted Time:: 2022-08-11 18:35:21
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001	Acquisiton	2022-08-09	9,600	$6.73	105,617	No	4	P	Indirect	By J & J Ho Family Trust
Common Stock, Par Value $0.0001	Acquisiton	2022-08-10	9,745	$6.97	115,362	No	4	P	Indirect	By J & J Ho Family Trust
Common Stock, Par Value $0.0001	Acquisiton	2022-08-11	10,579	$6.94	125,941	No	4	P	Indirect	By J & J Ho Family Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By J & J Ho Family Trust
No	4	P	Indirect	By J & J Ho Family Trust
No	4	P	Indirect	By J & J Ho Family Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001	391,222	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $6.59 to $6.79. 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.
Due to an administrative error, the purchases of an aggregate of 96,017 shares of Common Stock previously disclosed on the Forms 4 filed by the Reporting Person on March 15, 2022 and March 18, 2022 were inadvertently reported as transactions by the Reporting Person rather than the J & J Ho Family Trust (the "Trust"). As a result, ownership of these shares of Common Stock was erroneously reported as direct. This form corrects the nature of the Reporting Person's ownership of these 96,017 shares of Common Stock to reflect that they are owned directly by the Trust for which the Reporting Person serves as trustee.
These shares are owned directly by J & J Ho Family Trust for which the Reporting Person serves as trustee.
This transaction was executed in multiple trades at prices ranging from $6.90 to $7.01. 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 $6.71 to $7.10. 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.
Includes (i) 165,746 RSUs previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (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) 43,971 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock.