| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LSEA | Common Stock, par value $0.0001 | Award | $0 | +59.6K | +16.41% | $0.00 | 423K | Mar 1, 2022 | Direct | F1 |
| transaction | LSEA | Common Stock, par value $0.0001 | Tax liability | -$170K | -26.4K | -6.24% | $6.46 | 396K | Mar 2, 2022 | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | Represents shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), received upon the vesting and settlement of the first tranche of the performance share units ("PSUs") granted on April 19, 2022 under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan"). The portion of the PSUs reported in this filing vested at 200% achievement. |
| F2 | In connection with the vesting and settlement of the PSUs, the Issuer withheld shares of Common Stock to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on March 1, 2022. The withholding of vested shares was approved by the Board of the Directors of the Issuer. |
| F3 | Includes (i) 207,182 restricted stock units ("RSUs") previously granted under the 2020 Plan that will vest as to 20% on each of March 15, 2022 and March 15, 2023 and as to 30% on each of March 15, 2024 and March 15, 2025 and (ii) 59,574 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of April 19, 2022, April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock. |