| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LSEA | Common Stock | Other | -3.23M | -26.31% | 9.04M | Sep 22, 2024 | Direct | F1, F2 |
| Id | Content |
|---|---|
| F1 | Landsea Holdings Corporation ("Landsea Holdings") pledged a total of 3,225,578 shares (the "Pledged Stock") of the Issuer's Common Stock held by it to East West Bank as collateral to secure Landsea Holdings' obligations under a business loan extended by East West Bank pursuant to that certain Commercial Pledge Agreement dated June 29, 2023 between East West Bank and Landsea Holdings. Due to certain events of default, East West Bank elected to take ownership of the Pledged Stock in a strict foreclosure action pursuant to Section 9-620 of the UCC on September 22, 2024. In order to resolve the events of default amicably and expeditiously, |
| F2 | (Continued from footnote 1) East West Bank and Landsea Holdings entered into that certain Agreement Regarding Consensual Resolution of Credit Facility dated September 22, 2024, pursuant to which after East West Bank took the ownership of the Pledged Stock to satisfy Landsea Holdings' obligations in full, any balance of the proceeds from the sale of the Pledged Stock shall be paid to Landsea Holding. |