Filing Details

Accession Number:
0001731122-22-000449
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-03-15 20:43:09
Reporting Period:
2022-03-14
Accepted Time:
2022-03-15 20:43:09
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
1839958 Michael Forsum C/O Landsea Homes Corporation.
660 Newport Center Drive, Suite 300
Newport Beach CA 92660
President And Coo No Yes No No
Reported Non-Derivative Transactions
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 2022-03-14 27,300 $7.33 423,597 No 4 P Direct
Common Stock, Par Value $0.0001 Disposition 2022-03-15 13,357 $7.86 410,240 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 F Direct
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $7.22 to $7.34. 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.
  2. 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.
  3. 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) 59,574 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.