John Ho - Mar 28, 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role
Chief Executive Officer, Director
Signature
/s/ John Ho
Stock symbol
LSEA
Transactions as of
Mar 28, 2024
Transactions value $
-$94,271
Form type
4
Date filed
4/1/2024, 09:55 PM
Previous filing
Mar 25, 2024
Next filing
Apr 23, 2024

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

Explanation of Responses:

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.