Elias Farhat - Aug 7, 2023 Form 4 Insider Report for Landsea Homes Corp (LSEA)

Role
Director
Signature
/s/ Elias Farhat
Stock symbol
LSEA
Transactions as of
Aug 7, 2023
Transactions value $
-$235,664
Form type
4
Date filed
8/11/2023, 04:05 PM
Previous filing
Jun 23, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSEA Common Stock, par value $0.0001 Sale -$60.9K -4.99K -1.33% $12.19 370K Aug 7, 2023 Direct F1, F2
transaction LSEA Common Stock, par value $0.0001 Sale -$175K -14.8K -4.01% $11.81 355K Aug 8, 2023 Direct F2, F3
holding LSEA Common Stock, par value $0.0001 2.26K Aug 7, 2023 See footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $12.02 to $12.25. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Includes 318,317 shares of the issuer's Common Stock that Mr. Farhat received as a pro rata distribution from Level Field Partners, LLC on June 22, 2023, which was exempt from the reporting requirements of Section 16. See Footnote 4.
F3 This transaction was executed in multiple trades at prices ranging from $11.75 to $11.98. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 On June 22, 2023, Level Field Capital, LLC made a pro rata distribution of 2,225,577 shares of the issuer's Common Stock to its members, which includes Mr. Farhat, for no consideration. Level Field Partners, LLC is the record holder of the securities reported herein. Level Field Partners, LLC is the managing member of Level Field Capital, LLC. Level Field Management, LLC is the managing member of Level Field Partners, LLC. Elias Farhat manages Level Field Management, LLC as one of its members. Mr. Farhat disclaims beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein.