Christopher T. Porter - Apr 6, 2025 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: Chief Financial Officer
Signature: /s/ Kelly Rentzel, Attorney-in-fact for Christopher T Porter
Stock symbol: LSEA
Transactions as of: Apr 6, 2025
Transactions value $: -$13,463
Form type: 4
Date filed: 4/8/2025, 09:45 PM
Previous filing: Mar 24, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSEA	Common Stock, par value $0.0001	Tax liability	-$13.5K	-2.15K	-1.99%	$6.25	106K	Apr 6, 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	In connection with the vesting and settlement of restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") on April 6, 2022 and July 26, 2023, the Issuer withheld shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on April 4, 2025. The withholding of vested shares was approved by the Board of Directors of the Issuer.
F2	Includes (i) 4,178 RSUs previously granted under the 2020 Plan that will vest on April 6, 2026, (ii) 11,160 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of July 30, 2025, July 30, 2026, and July 30, 2027, and (iii) 24,096 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of February 26, 2026, February 26, 2027, and February 26, 2028, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date. Each RSU represents the right to receive one share of Common Stock.

Content

In connection with the vesting and settlement of restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") on April 6, 2022 and July 26, 2023, the Issuer withheld shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on April 4, 2025. The withholding of vested shares was approved by the Board of Directors of the Issuer.

Includes (i) 4,178 RSUs previously granted under the 2020 Plan that will vest on April 6, 2026, (ii) 11,160 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of July 30, 2025, July 30, 2026, and July 30, 2027, and (iii) 24,096 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of February 26, 2026, February 26, 2027, and February 26, 2028, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date. Each RSU represents the right to receive one share of Common Stock.