Franco Tenerelli - 25 Apr 2022 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: EVP, CLO & Secretary
Signature: /s/ Franco Tenerelli
Issuer symbol: LSEA
Transactions as of: 25 Apr 2022
Net transactions value: -$10,295
Form type: 4
Filing time: 27 Apr 2022, 18:36:44 UTC
Previous filing: 08 Apr 2022
Next filing: 03 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSEA	Common Stock, par value $0.0001	Tax liability	$10,295	-1,227	-4%	$8.39	29,220	25 Apr 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	3,546 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on April 19, 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 April 22, 2022. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
F2	Includes (i) 12,850 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of April 6, 2023, April 6, 2024 and April 6, 2025 and (ii) 7,092 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock.

Content

3,546 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on April 19, 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 April 22, 2022. The withholding of vested shares was approved by the Board of the Directors of the Issuer.

Includes (i) 12,850 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of April 6, 2023, April 6, 2024 and April 6, 2025 and (ii) 7,092 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock.