Bruce D. Frank - Mar 8, 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: Director
Signature: /s/Kelly Rentzel, Attorney-in-fact for Bruce Frank
Stock symbol: LSEA
Transactions as of: Mar 8, 2024
Transactions value $: $24,998
Form type: 4
Date filed: 3/8/2024, 09:41 PM
Previous filing: Jan 31, 2024
Next filing: Jun 13, 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	$25K	+2.16K	+4.29%	$11.60	52.4K	Mar 8, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On March 8, 2024, the Reporting Person purchased 2,155 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 $11.60 per share.
F2	Includes 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.

Content

On March 8, 2024, the Reporting Person purchased 2,155 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 $11.60 per share.

Includes 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.