LSEAW Landsea Homes Corporation

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13G

INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2

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)

December 9, 2024

(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)

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 51509P103

Explanatory Note

On December 5, 2024, the Issuer entered into an underwriting agreement (the “Underwriting Agreement”) with Landsea Holdings Corporation and Ever Fast Holdings Limited (“Ever Fast”) as the selling stockholders and B. Riley Securities, Inc., as representative of the several underwriters named therein (the “Underwriters”), pursuant to which Ever Fast agreed to sell to the Underwriters an aggregate of 3,565,217 shares of common stock (“Common Stock”) of the Issuer (the “Firm Shares”) at a price per share of $10.25, before underwriting discounts and commissions (the “Secondary Offering”). Ever Fast also granted the Underwriters a 30-day option to purchase up to an aggregate of 534,783 additional shares of Common Stock (the “Option Shares”) owned by Ever Fast. The sale of the Firm Shares in the Secondary Offering closed on December 9, 2024. On December 9, 2024, the Underwriters exercised the option to purchase the Option Shares and the sale of the Option Shares in the Secondary Offering closed on December 10, 2024. The Secondary Offering was made pursuant to a preliminary prospectus supplement and final prospectus supplement under the Issuer’s shelf registration statement on Form S-3 (File No. 333-252569) (the “Registration Statement”), each of which has been filed with the SEC.

This Amendment No. 1 amends and supplements the Schedule 13G filed on May 29, 2024 (the “Original Schedule 13G”). This Amendment No. 1 reports that on and by December 10, 2024, the Reporting Persons sold an aggregate of 4,100,000 shares of Common Stock at a price of $10.25 per share in connection with the Issuer’s Secondary Offering.

Item 1 (a). Name of Issuer:

Landsea Homes Corp.

Item 1 (b). Address of Issuer’s Principal Executive Offices:

1717 McKinney Avenue, Suite 1000

Dallas, TX 75202

Item 2 (a). Name of Person Filing:

Item 2 (b). Address of Principal Business Office or, if None, Residence:

Rooms 1007-1012, 10/F

K. Wah Centre, 191 Java Road

North Point, Hong Kong

Item 2 (c). Citizenship:

Item 2 (d). Title of Class of Securities:

Common Stock

Item 2 (e). CUSIP Number:

51509P103

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities identified in Item 1.

0⁽¹⁾

0%⁽²⁾

Instruction. For computations regarding securities which represent a right to acquire an underlying security, see Rule 13d-3(d)(1).

Item 5. Ownership of Five Percent or Less of a Class.

If the statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

N/A

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

N/A

Item 8. Identification and Classification of Members of the Group.

N/A

Item 9. Notice of Dissolution of Group.

N/A

Item 10. Certification.

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.

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.