0001731122-23-000304.txt : 20230303 0001731122-23-000304.hdr.sgml : 20230303 20230303201937 ACCESSION NUMBER: 0001731122-23-000304 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230301 FILED AS OF DATE: 20230303 DATE AS OF CHANGE: 20230303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Forsum Michael CENTRAL INDEX KEY: 0001839958 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38545 FILM NUMBER: 23707173 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] IRS NUMBER: 822196021 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 660 NEWPORT CENTER DRIVE STREET 2: SUITE 300 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: (949) 345-8080 MAIL ADDRESS: STREET 1: 660 NEWPORT CENTER DRIVE STREET 2: SUITE 300 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: LF Capital Acquisition Corp. DATE OF NAME CHANGE: 20171101 4 1 ownership.xml X0306 4 2023-03-01 0 0001721386 Landsea Homes Corp LSEA 0001839958 Forsum Michael C/O LANDSEA HOMES CORPORATION. 660 NEWPORT CENTER DRIVE, SUITE 300 NEWPORT BEACH CA 92660 0 1 0 0 President and COO Common Stock, par value $0.0001 2023-03-01 4 A 0 59574 0 A 461016 D Common Stock, par value $0.0001 2023-03-02 4 F 0 17755 6.58 D 443261 D Represents shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), received upon the vesting and settlement of the second tranche of the performance share units ("PSUs") granted on April 19, 2022 under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan"). The portion of the PSUs reported in this filing vested at 200% achievement. In connection with the vesting and 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 1, 2023. The withholding of vested shares was approved by the Board of the Directors of the Issuer. Includes (i) 165,746 RSUs previously granted under the 2020 Plan, 41,436 of which will vest on March 15, 2023, 62,155 will vest on March 15, 2024 and the remaining 62,155 will vest on March 15, 2025 and (ii) 39,716 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of April 19, 2023 and April 19, 2024. Each RSU represents the right to receive one share of Common Stock. /s/ Franco Tenerelli, Attorney-in-fact for Michael Forsum 2023-03-03