4//SEC Filing
LANDSEA HOLDINGS CORP 4
Accession 0000950170-24-135498
CIK 0001721386other
Filed
Dec 10, 7:00 PM ET
Accepted
Dec 11, 6:01 PM ET
Size
8.0 KB
Accession
0000950170-24-135498
Insider Transaction Report
Form 4
LANDSEA HOLDINGS CORP
10% Owner
Transactions
- Sale
Common Stock
2024-12-09$10.25/sh−2,521,740$25,847,835→ 6,513,411 total - Sale
Common Stock
2024-12-10$10.25/sh−378,260$3,877,165→ 6,135,151 total
Footnotes (3)
- [F1]These shares were sold by Landsea Holdings Corporation ("Landsea Holdings") under the underwriting agreement dated December 5, 2024, entered into by Landsea Homes Corporation (the "Issuer"), Landsea Holdings and Ever Fast Holdings Limited as the selling stockholders, and B. Riley Securities, Inc. as representative of the several underwriters named therein, pursuant to which Landsea Holdings agreed to sell to the underwriters an aggregate of 2,521,740,000 shares of Common Stock of the Issuer (the "Firm Shares") held by Landsea Holdings at a price per share of $10.25, before underwriting discounts and commissions (the "Secondary Offering"). The sale of the Firm Shares in the Secondary Offering closed on December 9, 2024. Landsea Holdings is 100% indirectly owned by Landsea Green Management Limited, of which Mr. Tian,
- [F2](Continued from footnote 1) the Reporting Person indirectly beneficially owns approximately 36.32%. The Reporting Person may be deemed to have beneficial ownership of the shares held by Landsea Holdings. The Reporting Person disclaims beneficial ownership of the shares held by Landsea Holdings, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not otherwise be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]LHC also granted the Underwriters a 30-day option to purchase up to an aggregate of 378,260 additional shares of Common Stock (the "Option Shares") owned by LHC. On December 9, 2024, the Underwriters exercised the option to purchase the Option Shares and the sale of the Option Shares in the Secondary Offering closed on December 10, 2024.
Documents
Issuer
Landsea Homes Corp
CIK 0001721386
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001840469
Filing Metadata
- Form type
- 4
- Filed
- Dec 10, 7:00 PM ET
- Accepted
- Dec 11, 6:01 PM ET
- Size
- 8.0 KB