Christopher T. Porter - Jul 30, 2024 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role: Chief Financial Officer
Signature: /s/ Kelly Rentzel, Attorney-in-fact for Christopher T. Porter
Stock symbol: LSEA
Transactions as of: Jul 30, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/5/2024, 07:06 PM
Previous filing: Apr 11, 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	+11.2K	+15.3%	$0.00	84.1K	Jul 30, 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 11,160 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 ("Common Stock"). The RSUs will vest as to one-third on each of the first, second and third anniversaries of July 30, 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 (i) 4,673 RSUs previously granted under the 2020 Plan that will vest on April 6, 2025 and (ii) 8,356 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 6, 2025 and April 6, 2026 so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date. Each RSU represents the right to receive one share of Common Stock.

Content

Represents 11,160 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 ("Common Stock"). The RSUs will vest as to one-third on each of the first, second and third anniversaries of July 30, 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 (i) 4,673 RSUs previously granted under the 2020 Plan that will vest on April 6, 2025 and (ii) 8,356 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 6, 2025 and April 6, 2026 so long as the Reporting Person remains continuously providing services to the Issuer or its subsidiaries through such vesting date. Each RSU represents the right to receive one share of Common Stock.