John Ho - Mar 17, 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 17, 2022
Transactions value $: $274,152
Form type: 4
Date filed: 3/18/2022, 02:55 PM
Previous filing: Mar 15, 2022
Next filing: Apr 27, 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	$274K	+30.8K	+6.58%	$8.91	498K	Mar 17, 2022	Direct	F1, F2

* 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 $8.68 to $9.07. 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	Includes (i) 165,746 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (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.

Content

This transaction was executed in multiple trades at prices ranging from $8.68 to $9.07. 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.

Includes (i) 165,746 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (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.