Sec Form 4 Filing - LANDSEA HOLDINGS CORP @ Landsea Homes Corp - 2024-09-22

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person LANDSEA HOLDINGS CORP 2. Issuer Name and Ticker or Trading Symbol Landsea Homes Corp [ LSEA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 530 LYTTON AVE., 2ND FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 09/22/2024 (Street) PALO ALTO, CA94301 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 09/22/2024 J( 1 )( 2 ) 3,225,578 ( 1 ) ( 2 ) D 9,035,151 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Oth er LANDSEA HOLDINGS CORP 530 LYTTON AVE., 2ND FLOOR PALO ALTO, CA94301 X Signatures /s/ Qin Zhou 09/24/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Landsea Holdings Corporation ("Landsea Holdings") pledged a total of 3,225,578 shares (the "Pledged Stock") of the Issuer's Common Stock held by it to East West Bank as collateral to secure Landsea Holdings' obligations under a business loan extended by East West Bank pursuant to that certain Commercial Pledge Agreement dated June 29, 2023 between East West Bank and Landsea Holdings. Due to certain events of default, East West Bank elected to take ownership of the Pledged Stock in a strict foreclosure action pursuant to Section 9-620 of the UCC on September 22, 2024. In order to resolve the events of default amicably and expeditiously, ( 2 )(Continued from footnote 1) East West Bank and Landsea Holdings entered into that certain Agreement Regarding Consensual Resolution of Credit Facility dated September 22, 2024, pursuant to which after East West Bank took the ownership of the Pledged Stock to satisfy Landsea Holdings' obligations in full, any balance of the proceeds from the sale of the Pledged Stock shall be paid to Landsea Holding.

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).

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