Michael Forsum - May 29, 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: President and COO
Signature: /s/ Kelly Rentzel, Attorney-in-fact for Michael Forsum
Stock symbol: LSEA
Transactions as of: May 29, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/31/2024, 04:04 PM
Previous 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	+84K	+20.08%	$0.00	502K	May 29, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents 84,000 restricted stock units ("RSUs") granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 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 as to one-third on each of the first, second and third anniversaries of May 29, 2024, in each case, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date.
F2	Includes 62,155 RSUs previously granted under the 2020 Plan that will vest on March 15, 2025.

Content

Represents 84,000 restricted stock units ("RSUs") granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 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 as to one-third on each of the first, second and third anniversaries of May 29, 2024, in each case, so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date.

Includes 62,155 RSUs previously granted under the 2020 Plan that will vest on March 15, 2025.