0001731122-24-000553.txt : 20240401 0001731122-24-000553.hdr.sgml : 20240401 20240401215403 ACCESSION NUMBER: 0001731122-24-000553 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240328 FILED AS OF DATE: 20240401 DATE AS OF CHANGE: 20240401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Forsum Michael CENTRAL INDEX KEY: 0001839958 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38545 FILM NUMBER: 24812050 MAIL ADDRESS: STREET 1: 660 NEWPORT CENTER DRIVE, SUITE 300 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Landsea Homes Corp CENTRAL INDEX KEY: 0001721386 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 822196021 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1717 MCKINNEY AVENUE STREET 2: SUITE 1000 CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: (949) 345-8080 MAIL ADDRESS: STREET 1: 1717 MCKINNEY AVENUE STREET 2: SUITE 1000 CITY: DALLAS STATE: TX ZIP: 75202 FORMER COMPANY: FORMER CONFORMED NAME: LF Capital Acquisition Corp. DATE OF NAME CHANGE: 20171101 4 1 ownership.xml X0508 4 2024-03-28 0 0001721386 Landsea Homes Corp LSEA 0001839958 Forsum Michael C/O LANDSEA HOMES CORPORATION 1717 MCKINNEY AVENUE, SUITE 1000 DALLAS TX 75202 0 1 0 0 President and COO 0 Common Stock, par value $0.0001 2024-03-28 4 A 0 14894 0 A 433568 D Common Stock, par value $0.0001 2024-04-01 4 F 0 6553 14.53 D 427015 D Represents the third tranche of the performance share units ("PSUs") granted on April 19, 2022 under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") that vested at 50% achievement. Each PSU represents the right to receive one share of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"). In connection with the settlement of the PSUs, 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 March 28, 2024. The withholding of vested shares was approved by the Board of the Directors of the Issuer. Includes (i) 62,155 restricted stock units ("RSUs") previously granted under the 2020 Plan that vest on March 15, 2025 and (ii) 19,858 RSUs previously granted under the 2020 Plan that will vest on April 19, 2024. Each RSU represents the right to receive one share of Common Stock. /s/ Michael Forsum 2024-04-01