John Ho - Apr 19, 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role
Chief Executive Officer, Director
Signature
/s/ Kelly Rentzel, Attorney-in-fact for John Ho
Stock symbol
LSEA
Transactions as of
Apr 19, 2024
Transactions value $
-$95,161
Form type
4
Date filed
4/23/2024, 04:55 PM
Previous filing
Apr 1, 2024
Next filing
May 31, 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 -$95.2K -8.65K -1.94% $11.00 436K Apr 19, 2024 Direct F1, F2
holding LSEA Common Stock, par value $0.0001 25.1K Apr 19, 2024 By J & J Ho Family Trust F3
* 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 21,986 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") on April 19, 2024, 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 April 19, 2024. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
F2 Includes 62,155 RSUs previously granted under the 2020 Plan which vest on March 15, 2025. Each RSU represents the right to receive one share of Common Stock.
F3 These shares are owned directly by J&J Ho Family Trust for which the Reporting Person serves as trustee.