Michael Forsum - Mar 21, 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: President and COO
Signature: /s/ Michael Forsum
Stock symbol: LSEA
Transactions as of: Mar 21, 2024
Transactions value $: -$356,262
Form type: 4
Date filed: 3/25/2024, 09:13 PM
Previous filing: Mar 8, 2024
Next filing: Apr 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSEA	Common Stock, par value $0.0001	Tax liability	-$356K	-28K	-6.27%	$12.72	419K	Mar 21, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	In connection with the vesting and settlement of restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan"), the Issuer withheld shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on March 20, 2024. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
F2	Includes (i) 62,155 RSUs previously granted under the 2020 Plan that vest on March 15, 2025 and (ii) 19,858 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.

Content

In connection with the vesting and settlement of restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan"), the Issuer withheld shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock") to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on March 20, 2024. The withholding of vested shares was approved by the Board of the Directors of the Issuer.

Includes (i) 62,155 RSUs previously granted under the 2020 Plan that vest on March 15, 2025 and (ii) 19,858 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.