Form 4: Landsea Homes Director Disposes of All Holdings Following Merger Completion

A director of Landsea Homes Corp. has reported the disposition of all her beneficial ownership in the company's common stock and restricted stock units, totaling 20,454 shares, as part of a merger agreement at $11.30 per share.

Summary

• Susan E. Lattmann, a Director of Landsea Homes Corp. (LSEA), reported changes in her beneficial ownership of company stock.
• On June 24, 2025, Ms. Lattmann tendered 14,566 shares of Common Stock to Lido Merger Sub, Inc. at an offer price of $11.30 per share.
• On June 25, 2025, pursuant to an Agreement and Plan of Merger dated May 12, 2025, her remaining 5,888 shares (which included unvested restricted stock units) were cancelled and converted into the right to receive cash equal to the $11.30 offer price per share.
• Following these transactions, Ms. Lattmann's beneficial ownership of Landsea Homes Corp. Common Stock is 0 shares.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction related to the completion of a merger, which is a pre-determined corporate action. It does not indicate positive or negative operational performance or discretionary trading.

Future Outlook

NA

Industry Context

This filing reflects the final stages of a corporate acquisition, where an insider's equity holdings are converted to cash as per the terms of a merger agreement. Such transactions are common in the homebuilding industry when companies are acquired.

Stakeholder Impact

• Shareholders (including the reporting person) received cash for their shares at the Offer Price of $11.30 per share, indicating the completion of the acquisition.

Key Dates

Keywords

Landsea Homes, LSEA, Form 4, Insider Transaction, Beneficial Ownership, Merger, Tender Offer, Restricted Stock Units, Corporate Action