John Ho - Aug 9, 2022 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Signature
/s/ Franco Tenerelli, Attorney-in-fact
Stock symbol
LSEA
Transactions as of
Aug 9, 2022
Transactions value $
$205,949
Form type
4
Date filed
8/11/2022, 06:35 PM
Previous filing
Apr 27, 2022
Next filing
Aug 12, 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 $64.6K +9.6K +10% $6.73 106K Aug 9, 2022 By J & J Ho Family Trust F1, F2, F3
transaction LSEA Common Stock, par value $0.0001 Purchase $67.9K +9.75K +9.23% $6.97 115K Aug 10, 2022 By J & J Ho Family Trust F2, F3, F4
transaction LSEA Common Stock, par value $0.0001 Purchase $73.4K +10.6K +9.17% $6.94 126K Aug 11, 2022 By J & J Ho Family Trust F2, F3, F5
holding LSEA Common Stock, par value $0.0001 391K Aug 9, 2022 Direct F2, F6
* 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 $6.59 to $6.79. 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 Due to an administrative error, the purchases of an aggregate of 96,017 shares of Common Stock previously disclosed on the Forms 4 filed by the Reporting Person on March 15, 2022 and March 18, 2022 were inadvertently reported as transactions by the Reporting Person rather than the J & J Ho Family Trust (the "Trust"). As a result, ownership of these shares of Common Stock was erroneously reported as direct. This form corrects the nature of the Reporting Person's ownership of these 96,017 shares of Common Stock to reflect that they are owned directly by the Trust for which the Reporting Person serves as trustee.
F3 These shares are owned directly by J & J Ho Family Trust for which the Reporting Person serves as trustee.
F4 This transaction was executed in multiple trades at prices ranging from $6.90 to $7.01. 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.
F5 This transaction was executed in multiple trades at prices ranging from $6.71 to $7.10. 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.
F6 Includes (i) 165,746 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) 43,971 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.