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Filing Details

Accession Number:: 0001731122-23-001450
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-11 16:05:32
Reporting Period:: 2023-08-07

Accepted Time:: 2023-08-11 16:05:32
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
1744195	Elias Farhat	C/O Landsea Homes Corporation 1717 Mckinney Avenue, Suite 1000 Dallas TX 75202		Yes	No	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	Disposition	2023-08-07	4,992	$12.19	369,520	No	4	S	Direct
Common Stock, Par Value $0.0001	Disposition	2023-08-08	14,802	$11.81	354,718	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001	2,258	Indirect	See footnote

Footnotes

This transaction was executed in multiple trades at prices ranging from $12.02 to $12.25. 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 318,317 shares of the issuer's Common Stock that Mr. Farhat received as a pro rata distribution from Level Field Partners, LLC on June 22, 2023, which was exempt from the reporting requirements of Section 16. See Footnote 4.
This transaction was executed in multiple trades at prices ranging from $11.75 to $11.98. 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.
On June 22, 2023, Level Field Capital, LLC made a pro rata distribution of 2,225,577 shares of the issuer's Common Stock to its members, which includes Mr. Farhat, for no consideration. Level Field Partners, LLC is the record holder of the securities reported herein. Level Field Partners, LLC is the managing member of Level Field Capital, LLC. Level Field Management, LLC is the managing member of Level Field Partners, LLC. Elias Farhat manages Level Field Management, LLC as one of its members. Mr. Farhat disclaims beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein.