John Ho - Mar 14, 2022 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role
Chief Executive Officer, Director
Signature
/s/ Franco Tenerelli, Attorney-in-fact for John Ho
Stock symbol
LSEA
Transactions as of
Mar 14, 2022
Transactions value $
$345,357
Form type
4
Date filed
3/15/2022, 08:45 PM
Previous filing
Mar 3, 2022
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSEA Common Stock, par value $0.0001 Purchase $254K +33.6K +7.96% $7.54 456K Mar 14, 2022 Direct F1
transaction LSEA Common Stock, par value $0.0001 Purchase $253K +31.6K +6.93% $8.01 488K Mar 15, 2022 Direct F2
transaction LSEA Common Stock, par value $0.0001 Tax liability -$161K -20.5K -4.21% $7.86 467K Mar 15, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $7.19 to $7.94. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $7.83 to $8.20. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 41,436 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on March 15, 2022. In connection with the vesting and settlement of such RSUs, 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 14, 2022. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
F4 Includes (i) 165,746 RSUs previously granted under the 2020 Plan, 41,436 of which will vest on March 15, 2023, 62,155 will vest on March 15, 2024 and the remaining 62,155 will vest on March 15, 2025 and (ii) 65,957 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.