Forsum Michael 4
4 · Landsea Homes Corp · Filed Jun 2, 2025
Insider Transaction Report
Form 4
Forsum Michael
President and COO
Transactions
- Tax Payment
Common Stock, par value $0.0001
2025-05-29$11.27/sh−12,278$138,373→ 607,293 total
Footnotes (2)
- [F1]28,000 restricted stock units ("RSUs") previously granted under the Landsea Homes Corporation 2020 Stock Incentive Plan (the "2020 Plan") vested on May 29, 2025. In connection with the vesting and settlement of such RSUs, the Issuer withheld shares of Issuer's common stock, par value $0.0001 per share ("Common Stock") to satisfy its tax withholding obligations. The number of shares withheld was based on the closing price per share on May 29, 2025. The withholding of vested shares was approved by the Board of the Directors of the Issuer.
- [F2]Includes (i) 56,000 RSUs previously granted under the 2020 Plan that will vest as to one-half on each of May 29, 2026 and May 29, 2027, and (ii) 144,578 RSUs previously granted under the 2020 Plan that will vest as to one-third on each of February 26, 2026, February 26, 2027 and February 26, 2028. Each RSU represents the right to receive one share of Common Stock.