Elias Farhat - Jun 21, 2023 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: Director
Signature: Franco Tenerelli, as Attorney-in-fact for Elias Farhat
Stock symbol: LSEA
Transactions as of: Jun 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/23/2023, 11:05 AM
Previous filing: Mar 16, 2023
Next filing: Aug 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSEA	Common Stock, par value $0.0001	Award	$0	+13.5K	+31.74%	$0.00	56.2K	Jun 21, 2023	Direct	F1
holding	LSEA	Common Stock, par value $0.0001						2.23M	Jun 21, 2023	See footnote	F2

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

Explanation of Responses:

Id	Content
F1	Represents 13,540 restricted stock units ("RSUs") granted under the Landsea Homes Corporation 2020 Stock Incentive Plan. Each RSU represents the right to receive one share of the Issuer's common stock, par value $0.0001 per share. The RSUs will vest on the earlier to occur of (i) June 21, 2024 or (ii) the Issuer's next annual meeting of stockholders, in each case, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date.
F2	Level Field Capital, LLC is the record holder of the securities reported herein. Level Field Partners, LLC is the managing member of Level Field Capital, LLC. Level Field Management, LLC is the managing member of Level Field Partners, LLC. Elias Farhat manages Level Field Management, LLC as one of its members. Mr. Farhat disclaims beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein.

Content

Represents 13,540 restricted stock units ("RSUs") granted under the Landsea Homes Corporation 2020 Stock Incentive Plan. Each RSU represents the right to receive one share of the Issuer's common stock, par value $0.0001 per share. The RSUs will vest on the earlier to occur of (i) June 21, 2024 or (ii) the Issuer's next annual meeting of stockholders, in each case, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date.

Level Field Capital, LLC is the record holder of the securities reported herein. Level Field Partners, LLC is the managing member of Level Field Capital, LLC. Level Field Management, LLC is the managing member of Level Field Partners, LLC. Elias Farhat manages Level Field Management, LLC as one of its members. Mr. Farhat disclaims beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein.