Landsea Holdings Corp - May 14, 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: 10%+ Owner
Signature: /s/ Qin Zhou
Stock symbol: LSEA
Transactions as of: May 14, 2024
Transactions value $: -$24,600,000
Form type: 4
Date filed: 5/15/2024, 06:15 AM
Previous filing: Mar 8, 2024
Next filing: Jun 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSEA	Common Stock	Sale	-$24.6M	-4.1M	-24.2%	$6.00	12.8M	May 14, 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.

Content

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.