LANDSEA HOLDINGS CORP - 14 May 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role
10%+ Owner
Signature
/s/ Qin Zhou
Issuer symbol
LSEA
Transactions as of
14 May 2024
Net transactions value
-$24,600,000
Form type
4
Filing time
15 May 2024, 06:15:08 UTC
Previous filing
08 Mar 2024
Next filing
05 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSEA Common Stock Sale $24,600,000 -4,100,000 -24% $6.00 12,840,729 14 May 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were transferred on May 14, 2024 by Landsea Holdings Corporation ("Landsea Holdings") to Ever Fast Holdings Limited, a designee of 1103849 B.C. Ltd, a British Columbia Corporation, pursuant to the Payment Agreement Regarding Credit Agreement and Loan Documents dated May 10, 2024 (the "Payment Agreement"), entered into by Landsea Holdings as the borrower, and 1103849 B.C. Ltd, a British Columbia Corporation, as the lender (the "Lender") in order to fulfill its outstanding obligations due on May 12, 2024 under the Credit Agreement dated May 12, 2022 between Landsea Holdings and the Lender by transferring 4,100,000 shares at a price of $6,00 per share among 4,838,710 shares of Common Stock of Landsea Homes Corporation (the "Issuer") pledged by Landsea Holdings to the Lender as collateral under the Credit Agreement.