Form 4: Landsea Homes Director Bruce Frank Sells Shares in June Transactions
SEC Form 4 Filing
Director Bruce Frank of Landsea Homes Corp. sold a total of 17,162 shares of common stock in two transactions during June 2024.
Summary
- Bruce Frank, a director of Landsea Homes Corp, reported selling shares of the company's common stock in two separate transactions in June 2024.
- On June 4, 2024, he sold 11,671 shares at a weighted average price of $9.7, with individual prices ranging from $9.68 to $9.75.
- Following this transaction, he beneficially owned 40,752 shares.
- On June 12, 2024, he sold an additional 5,491 shares at a weighted average price of $10.21, with individual prices ranging from $10.21 to $10.23.
- After the second transaction, his beneficial ownership decreased to 35,261 shares.
Sentiment
Score: 5
Explanation: The document simply reports stock sales by a director, which is neutral in sentiment. It doesn't provide any information to suggest a positive or negative outlook for the company.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects; however, they don't always indicate a negative outlook.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Bruce Frank sold 11,671 shares of Landsea Homes Corp. common stock. |
| 06/12/2024 | Bruce Frank sold 5,491 shares of Landsea Homes Corp. common stock. |
| 06/13/2024 | Date of the signature of the report. |
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