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

Role
Former Chief Financial Officer
Signature
/s/ Adam Jaffe
Stock symbol
SLND
Transactions as of
Feb 14, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2023, 03:04 PM
Previous filing
Nov 22, 2021
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLND Common stock Other -16.7K -21.38% 61.5K Feb 14, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Adam Jaffe is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The reporting person transferred an aggregate of 16,713 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 (the "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.