Susan E. Lattmann - 24 Jun 2025 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Reporting relationship: Director
Issuer ticker: LSEA
Reported as of: 24 Jun 2025
Net transaction value: -$164,596
SEC form: 4
Accepted by SEC: 25 Jun 2025, 17:37:53 UTC
Prior SEC filing: 05 Feb 2025
Next SEC filing: 02 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Kelly Rentzel, Attorney-in-fact for Susan Lattmann

Key filing fact

Susan E. Lattmann filed Form 4 for Landsea Homes Corp (LSEA) on 25 Jun 2025.

Key facts

This page summarizes Susan E. Lattmann's Form 4 filing for Landsea Homes Corp (LSEA).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 25 Jun 2025, 17:37.

Change

Previous filing in this sequence was filed on 05 Feb 2025.
Current net transaction value: -$164,596.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001601319 Primary reporting owner

Lattmann Susan E.

Relationship: Director
Address: C/O LANDSEA HOMES CORPORATION, 1717 MCKINNEY AVENUE, SUITE 1000, DALLAS
Signature: /s/ Kelly Rentzel, Attorney-in-fact for Susan Lattmann
Signature date: 25 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LSEA transaction

Common Stock, par value $0.0001

Disposition pursuant to a tender of shares in a change of control transaction

Transaction value: $164,596
Shares: -14,566
Change %: -71%
Price: $11.30
Shares after: 5,888
Date: 24 Jun 2025
Ownership: Direct
Footnotes: F1, F2

LSEA transaction

Common Stock, par value $0.0001

Disposed to Issuer

Transaction value
Shares: -5,888
Change %: -100%
Price
Shares after: 0
Date: 25 Jun 2025
Ownership: Direct
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Susan E. Lattmann is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Represents securities tendered to Lido Merger Sub, Inc. ("Merger Sub"), a wholly owned, direct subsidiary of Lido Holdco, Inc. ("Parent"), at a price of $11.30 per share (the "Offer Price").

Footnote F2

Includes 5,888 unvested restricted stock units ("RSUs").

Footnote F3

Pursuant to that certain Agreement and Plan of Merger, dated as of May 12, 2025 (the "Merger Agreement"), by and among the Issuer, Parent and Merger Sub, on June 25, 2025, each share of the Issuer's Common Stock not previously tendered by the Reporting Person was cancelled and converted into the right to receive an amount in cash equal to the Offer Price (the "Merger Consideration"). In addition, each RSU award was canceled and terminated and converted into the right to receive an amount in cash (without interest) equal to the product obtained by multiplying (x) the aggregate number of shares of common stock underlying such award immediately prior to the Effective Time (as defined in the Merger Agreement), by (y) the Merger Consideration.