| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LSEA | Common Stock | Sale | -$25.8M | -2.52M | -27.91% | $10.25 | 6.51M | Dec 9, 2024 | Direct | F1, F2 |
| transaction | LSEA | Common Stock | Sale | -$3.88M | -378K | -5.81% | $10.25 | 6.14M | Dec 10, 2024 | Direct | F3 |
| Id | Content |
|---|---|
| F1 | These shares were sold by Landsea Holdings Corporation ("Landsea Holdings") under the underwriting agreement dated December 5, 2024, entered into by Landsea Homes Corporation (the "Issuer"), Landsea Holdings and Ever Fast Holdings Limited as the selling stockholders, and B. Riley Securities, Inc. as representative of the several underwriters named therein, pursuant to which Landsea Holdings agreed to sell to the underwriters an aggregate of 2,521,740,000 shares of Common Stock of the Issuer (the "Firm Shares") held by Landsea Holdings at a price per share of $10.25, before underwriting discounts and commissions (the "Secondary Offering"). The sale of the Firm Shares in the Secondary Offering closed on December 9, 2024. Landsea Holdings is 100% indirectly owned by Landsea Green Management Limited, of which Mr. Tian, |
| F2 | (Continued from footnote 1) the Reporting Person indirectly beneficially owns approximately 36.32%. The Reporting Person may be deemed to have beneficial ownership of the shares held by Landsea Holdings. The Reporting Person disclaims beneficial ownership of the shares held by Landsea Holdings, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not otherwise be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
| F3 | LHC also granted the Underwriters a 30-day option to purchase up to an aggregate of 378,260 additional shares of Common Stock (the "Option Shares") owned by LHC. On December 9, 2024, the Underwriters exercised the option to purchase the Option Shares and the sale of the Option Shares in the Secondary Offering closed on December 10, 2024. |