Michael Forsum - 08 Mar 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Signature
/s/Kelly Rentzel, Attorney-in-fact for Michael Forsum
Issuer symbol
LSEA
Transactions as of
08 Mar 2024
Net transactions value
+$199,996
Form type
4
Filing time
08 Mar 2024, 21:40:48 UTC
Previous filing
14 Jun 2023
Next filing
25 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSEA Common Stock, par value $0.0001 Purchase $199,996 +17,241 +4% $11.60 446,682 08 Mar 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 8, 2024, the Reporting Person purchased 17,241 shares of Common Stock through participation as an investor in an underwritten public offering by Landsea Holdings Corporation, the issuer's largest stockholder, at the offering price of $11.60 per share.
F2 Includes (i) 124,309 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of March 15, 2024 and March 15, 2025 and (ii) 19,858 RSUs previously granted under the 2020 Plan that will vest on April 19, 2024. Each RSU represents the right to receive one share of Common Stock.