Gregory R. Monahan - Feb 14, 2023 Form 4 Insider Report for Southland Holdings, Inc. (SLND)

Role: Director
Signature: /s/ Gregory R. Monahan
Stock symbol: SLND
Transactions as of: Feb 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/16/2023, 03:06 PM
Previous filing: May 17, 2022
Next filing: Nov 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLND	Common stock	Other		-167K	-21.38%		615K	Feb 14, 2023	Direct	F1

* 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 167,126 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.

Content

The reporting person transferred an aggregate of 167,126 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.