Franco Tenerelli - Jul 26, 2023 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: EVP, CLO & Secretary
Signature: /s/ Franco Tenerelli
Stock symbol: LSEA
Transactions as of: Jul 26, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/28/2023, 06:46 PM
Previous filing: Apr 21, 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	+11.5K	+34.91%	$0.00	44.4K	Jul 26, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents 11,490 restricted stock units ("RSUs") granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 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 as to one-third on each of the first, second and third anniversaries of April 6, 2023, in each case, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date.
F2	Includes (i) 8,566 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 6, 2024 and April 6, 2025 and (ii) 3,546 RSUs previously granted under the 2020 Plan that will vest on April 19, 2024.

Content

Represents 11,490 restricted stock units ("RSUs") granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 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 as to one-third on each of the first, second and third anniversaries of April 6, 2023, in each case, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date.

Includes (i) 8,566 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 6, 2024 and April 6, 2025 and (ii) 3,546 RSUs previously granted under the 2020 Plan that will vest on April 19, 2024.