Christopher T. Porter - Jun 12, 2023 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role
Chief Financial Officer
Signature
/s/ Franco Tenerelli, Attorney-in-fact for Christopher T. Porter
Stock symbol
LSEA
Transactions as of
Jun 12, 2023
Transactions value $
$49,995
Form type
4
Date filed
6/14/2023, 09:55 PM
Previous filing
Apr 10, 2023
Next filing
Jul 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSEA Common Stock, par value $0.0001 Purchase $50K +6.67K +11.93% $7.50 62.5K Jun 12, 2023 Direct F1, F2
* 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 6,666 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 9,346 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 6, 2024 and April 6, 2025. Each RSU represents the right to receive one share of Common Stock.