John Ho - May 29, 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
May 29, 2024
Transactions value $
$0
Form type
4
Date filed
5/31/2024, 04:05 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 +19.26% $0.00 520K May 29, 2024 Direct F1, F2
holding LSEA Common Stock, par value $0.0001 25.1K May 29, 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 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 which will vest on March 15, 2025.
F3 These shares are owned directly by J&J Ho Family Trust for which the Reporting Person serves as trustee.