John Ho - Jun 12, 2023 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
Jun 12, 2023
Transactions value $
$300,000
Form type
4
Date filed
6/14/2023, 09:54 PM
Previous filing
Apr 21, 2023
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSEA Common Stock, par value $0.0001 Purchase $300K +40K +9.94% $7.50 443K Jun 12, 2023 Direct F1, F2
holding LSEA Common Stock, par value $0.0001 25.1K Jun 12, 2023 By J & J Ho Family Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 12, 2023, the Reporting Person agreed to purchase 40,000 shares of Common Stock through participation as an investor in an underwritten public offering by Landsea Holdings Corporation, the issuer's largest stockholder, at the offering price of $7.50 per share. The purchase is expected to close on June 15, 2023.
F2 Includes (i) 124,309 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of March 15, 2024 and March 15, 2025 and (ii) 21,986 RSUs previously granted under the 2020 Plan that will vest on April 19, 2024. Each RSU represents the right to receive one share of Common Stock.
F3 These shares are owned directly by J & J Ho Family Trust for which the Reporting Person serves as trustee.