| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LSEA | Common Stock, par value $0.0001 | Award | $0 | +16.5K | +3.79% | $0.00 | 451K | Mar 28, 2024 | Direct | F1 |
| transaction | LSEA | Common Stock, par value $0.0001 | Tax liability | -$94.3K | -6.49K | -1.44% | $14.53 | 445K | Apr 1, 2024 | Direct | F2, F3 |
| holding | LSEA | Common Stock, par value $0.0001 | 25.1K | Mar 28, 2024 | By J & J Ho Family Trust | F4 |
| Id | Content |
|---|---|
| F1 | Represents the third tranche of the performance share units ("PSUs") granted on April 19, 2022 under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") that vested at 50% achievement. Each PSU represents the right to receive one share of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"). |
| F2 | In connection with the settlement of the PSUs, the Issuer withheld shares of Common Stock to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on March 28, 2024. The withholding of vested shares was approved by the Board of the Directors of the Issuer. |
| F3 | Includes (i) 62,155 restricted stock units ("RSUs") previously granted under the 2020 Plan which vest on March 15, 2025 and (ii) 21,986 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. |
| F4 | These shares are owned directly by J & J Ho Family Trust for which the Reporting Person serves as trustee. |