[SCHEDULE 13G/A] Landsea Homes Corporation Warrant SEC Filing

Rhea-AI Filing Summary

Brother Pearl Ltd. filed Amendment No. 1 to Schedule 13G for Landsea Homes Corp. (CUSIP 51509P103) covering transactions through 20 May 2025. The British Virgin Islands entity, wholly owned by Mr. Jian Jun Yu, now reports ownership of 1,915,578 common shares, equal to 5.26 % of outstanding stock. Recent sales executed between 16-20 May 2025 lowered its stake from 8.86 % (prior level) to just above the 5 % reporting threshold. All voting and dispositive authority is classified as shared; the filer retains no sole voting or dispositive power. The certification states the shares were not acquired to influence control, aligning with a passive investment stance.

The filing signals a sizeable shareholder’s reduction of roughly 1.3 million shares (-40 % of its previous position). While Brother Pearl remains a >5 % holder, diminished exposure could imply a cooling commitment or portfolio rebalancing. Investors may watch for continued selling pressure or future ownership changes as the position now hovers near the mandatory filing threshold.

Positive

• Continued >5 % ownership signals Brother Pearl still has a meaningful economic interest in Landsea Homes.
• Passive investment certification lowers risk of activist intervention or abrupt governance changes.

Negative

• Stake reduction from 8.86 % to 5.26 % indicates potential weakening conviction and may add selling pressure.
• Proximity to 5 % threshold raises possibility of future filings cessation if additional shares are sold, reducing transparency.

Insights

Financial Analyst

TL;DR – Significant 13G holder trims stake to 5.26 %; modestly negative sentiment due to supply overhang risk.

Brother Pearl Ltd.’s divestiture of ~1.3 million shares reduces its Landsea Homes ownership from 8.86 % to 5.26 %. Such a cut suggests profit-taking or strategic reallocation and may pressure near-term share price if selling continues. The filer retains shared voting power, indicating no governance shift. Although the firm remains above 5 %, the move edges it close to the filing threshold, raising the possibility of falling below it in subsequent periods. From a valuation perspective, the event does not alter fundamentals but can weigh on sentiment and liquidity.

Corporate Governance Expert

TL;DR – Ownership still above 5 %; no control intent disclosed, therefore governance impact neutral.

The amendment reconfirms Brother Pearl’s passive status under Rule 13d-1(c), with explicit certification of no intent to influence control. Voting and dispositive rights remain shared, so internal board dynamics are unchanged. The key takeaway is transparency in reporting and compliance; however, the reduced stake marginally lowers alignment between this shareholder and minority investors.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Landsea Homes Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

51509P103

(CUSIP Number)

05/20/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 51509P103

1

Names of Reporting Persons

Brother Pearl Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,915,578.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,915,578.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,915,578.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: 1,915,578 shares of Common Stock of the Issuer remain owned by Brother Pearl Limited after sales to third party investors on May 16-20, 2025. Mr. Jian Jun Yu may be deemed to have beneficial ownership of the Shares, since Brother Pearl Ltd is 100% directly owned by Mr. Jian Jun. The sales reduced the percentage of ownership by Brother Pearl Ltd of Issuer from 8.86% to 5.26%.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Landsea Homes Corp
(b)	Address of issuer's principal executive offices: 1717 MCKINNEY AVENUE, SUITE 1000, DALLAS, TEXAS, 75202
Item 2.
(a)	Name of person filing: Brother Pearl Limited
(b)	Address or principal business office or, if none, residence: 8400West Road Richmond, BC Canada, V6X
(c)	Citizenship: British Virgin Islands
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 51509P103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,915,578
(b)	Percent of class: 5.26%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,915,578
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,915,578
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Brother Pearl Ltd

Signature:	Tsz Loi Chao
Name/Title:	Director
Date:	06/02/2025

FAQ

How many Landsea Homes (LSEAW) shares does Brother Pearl Ltd. now own?

Brother Pearl Ltd. reports ownership of 1,915,578 common shares, representing 5.26 % of the company.

By how much did Brother Pearl Ltd. reduce its stake in Landsea Homes?

The filing notes a decrease from 8.86 % to 5.26 %, roughly a 40 % reduction, or about 1.3 million shares.

Does Brother Pearl Ltd. seek control of Landsea Homes?

No. The certification states the shares were not acquired to influence control and the holder files under Rule 13d-1(c) as a passive investor.

What voting power does Brother Pearl Ltd. have?

It has shared voting and dispositive power over 1,915,578 shares and no sole power in either category.

When were the shares sold that triggered this Schedule 13G/A amendment?

Sales occurred between 16 May 2025 and 20 May 2025.