[Form 4] Landsea Homes Corporation Warrant Insider Trading Activity

Rhea-AI Filing Summary

Form 4 snapshot: Director Rajinder Singh reported the final disposition of his equity in Landsea Homes Corp. (ticker LSEA) on 06/25/2025.

Why it was filed: The filing reflects the closing of the previously announced Agreement and Plan of Merger (signed 05/12/2025) in which Lido Holdco, Inc. acquired Landsea Homes. Under the merger terms, every outstanding share—whether held outright or underlying restricted stock units (RSUs)—was cancelled and converted into the right to receive $11.30 in cash per share.

Key facts from the filing:

• Securities affected: 7,153 unvested RSUs (reported as common stock for Section 16 purposes).
• Transaction code: D (disposition).
• Effective date: 06/25/2025 (same day as merger close).
• Price disclosed: RSUs converted at the merger consideration of $11.30; no open-market price shown.
• Post-transaction holdings: 0 shares; Singh no longer has a reportable equity position.

Investor take-away: While routine from an insider-reporting standpoint, the Form 4 is a public confirmation that the cash-out merger has consummated, all public shares have been cancelled, and Landsea Homes stockholders—including insiders—have received the $11.30 cash consideration. The company is expected to cease trading as a public entity following the transaction.

Positive

• Merger consummation confirmed: cash consideration of $11.30 per share has been paid, eliminating execution risk for shareholders.

Negative

• None.

Insights

M&A Specialist

TL;DR: Filing confirms merger close; all equity cancelled at $11.30 cash—material completion event.

The Form 4 verifies that the Lido Holdco take-private transaction reached legal effectiveness on 06/25/2025. Disposition code D covers 7,153 RSUs, indicating that insider awards were fully cashed out, a customary step at closing. No escrow or earn-out is referenced, suggesting straightforward payment terms. For arbitrage investors the document removes residual execution risk; for remaining public holders it marks the last liquidity event at the agreed price. No new valuation data emerges, but the definitive cash consideration crystallises exit value and ends further upside participation.

Portfolio Manager

TL;DR: Insider now holds zero shares—public float eliminated; deal executed exactly as structured.

From a portfolio standpoint, this filing signals the practical delisting timeline: with insiders cleared out, the stock should be suspended and eventually deregistered. The $11.30 payout translates into immediate cash for any positions still recorded in brokerage accounts. There is no indication of contingent value rights or post-close adjustments, so return expectations are final. Investors need to reallocate proceeds; there is no continuing equity story. Risk of deal break is now zero.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Singh Rajinder

(Last) (First) (Middle)

C/O LANDSEA HOMES CORPORATION

1717 MCKINNEY AVENUE, SUITE 1000

(Street)

DALLAS TX 75202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Landsea Homes Corp [ LSEA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001	06/25/2025		D		7,153(1)	D	(2)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 7,153 unvested restricted stock units ("RSUs").

2. Pursuant to that certain Agreement and Plan of Merger, dated as of May 12, 2025 (the "Merger Agreement"), by and among the Issuer, Lido Holdco, Inc. ("Parent") and Lido Merger Sub, Inc. ("Merger Sub") a wholly owned, direct subsidiary of Parent, on June 25, 2025, each share of the Issuer's Common Stock not previously tendered by the Reporting Person was cancelled and converted into the right to receive an amount in cash equal to $11.30 per share (the "Merger Consideration"). In addition, each RSU award was canceled and terminated and converted into the right to receive an amount in cash (without interest) equal to the product obtained by multiplying (x) the aggregate number of shares of common stock underlying such award immediately prior to the Effective Time (as defined in the Merger Agreement), by (y) the Merger Consideration.

	/s/ Kelly Rentzel, Attorney-in-fact for Raj Singh	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What does Form 4 filed by Rajinder Singh mean for Landsea Homes (LSEA) shareholders?

It confirms the merger closed on 06/25/2025. All shares were cancelled and converted to $11.30 cash, ending public equity ownership.

How many shares or RSUs did the director dispose of?

Rajinder Singh reported the disposition of 7,153 unvested restricted stock units, representing his remaining holdings.

What cash amount did shareholders receive in the merger?

Each share, including those underlying RSUs, was converted into $11.30 in cash.

Does the director still own any Landsea Homes stock?

No. Post-transaction beneficial ownership is reported as 0 shares.

Is there any future upside participation after the merger?

The filing indicates all equity was cancelled for cash; no contingent value rights or additional consideration are mentioned.

Why is there no price per share in the transaction table?

Section 16 tables omit price when disposition is via merger; the $11.30 consideration is disclosed in the footnotes.