Brian Pratt - 14 Feb 2023 Form 4 Insider Report for Southland Holdings, Inc. (SLND)

Role
Director, Chairman
Signature
/s/ Brian Pratt
Issuer symbol
SLND
Transactions as of
14 Feb 2023
Net transactions value
$0
Form type
4
Filing time
16 Feb 2023, 15:02:51 UTC
Previous filing
14 Feb 2023
Next filing
13 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLND Common stock Other -32,446 -1.9% 1,717,554 14 Feb 2023 By Pratt Capital I, LP F1, F2
holding SLND Common stock 484,436 14 Feb 2023 By Pratt Capital LLC F3
holding SLND Common stock 150,000 14 Feb 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person transferred an aggregate of 32,446 shares of the Issuer's common stock to certain third parties in connection with the transactions contemplated by the Agreement and Plan of Merger, dated as of May 25, 2022 ("Merger Agreement"), by and among the Issuer, Southland Holdings LLC, a Texas limited liability company, and Legato Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Issuer. The transfers were made to induce certain holders not to seek redemption of their shares in connection with the transactions contemplated by the Merger Agreement and to induce the members of Southland to consummate the transactions contemplated by the Merger Agreement.
F2 These securities are owned by Pratt Capital I, LP, of which the Reporting Person is Manager of the General Partner. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F3 These securities are owned by Pratt Capital LLC, of which the Reporting Person is a Member and Manager of the Manager. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.