| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LSEA | Common Stock, par value $0.0001 | Award | $0 | +66K | +16.86% | $0.00 | 457K | Mar 2, 2023 | Direct | F1 |
| transaction | LSEA | Common Stock, par value $0.0001 | Tax liability | -$152K | -23.1K | -5.06% | $6.58 | 434K | Mar 2, 2023 | Direct | F2, F3 |
| holding | LSEA | Common Stock, par value $0.0001 | 25.1K | Mar 1, 2023 | By J & J Ho Family Trust | F4 |
| 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 second 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, 2023. The withholding of vested shares was approved by the Board of the Directors of the Issuer. |
| F3 | 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) 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. |
| F4 | These shares are owned directly by J&J Ho Family Trust for which the Reporting Person serves as trustee. |