Walter Timothy Winn - Oct 23, 2023 Form 4 Insider Report for Southland Holdings, Inc. (SLND)

Signature
/s/ Walter Timothy Winn
Stock symbol
SLND
Transactions as of
Oct 23, 2023
Transactions value $
-$126,236
Form type
4
Date filed
10/25/2023, 08:50 PM
Previous filing
Oct 18, 2023
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLND Common Stock Sale -$19.4K -3.02K -0.21% $6.42 1.45M Oct 23, 2023 By Debra Nicole Winn F1, F2, F3, F4
transaction SLND Common Stock Sale -$107K -16.6K -1.15% $6.43 1.43M Oct 24, 2023 By Debra Nicole Winn F1, F3, F4, F5
holding SLND Common Stock 1.67M Oct 23, 2023 Direct
holding SLND Common Stock 1.68M Oct 23, 2023 By Walter Timothy Winn 2015 Irrevocable Trust F6, F7
holding SLND Common Stock 1.68M Oct 23, 2023 By Debra Nicole Winn Irrevocable 2020 Trust F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares reported as sold in Column 4 were held directly by the spouse of the reporting person as separate property. The reporting person and his spouse do not share a household and are legally separated pending issuance of a final divorce decree, have executed a binding settlement agreement providing that such shares are the separate property of such spouse and maintain separate estates. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the reporting person expressly disclaims any pecuniary interest of any such shares or proceeds from the disposition thereof and this report shall not be deemed an admission that such reporting person is the beneficial owner of such shares for purposes of Section 16 or otherwise.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.43, inclusive.
F3 The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) and (5) to this Form 4.
F4 These shares are held directly by the spouse of the reporting person as separate property. The reporting person and his spouse do not share a household and are legally separated pending issuance of a final divorce decree, have executed a binding settlement agreement providing that such shares are the separate property of such spouse and maintain separate estates. For purposes of Section 16 of the Exchange Act, the reporting person disclaims any pecuniary interest of any such securities and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.40 to $6.63, inclusive.
F6 These shares are held directly by the Walter Timothy Winn 2015 Irrevocable Trust ("Trust A"), a family trust established for the benefit of the immediate family of the reporting person. The reporting person is the sole trustee of Trust A.
F7 For purposes of Section 16 of the Exchange Act, the reporting person disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
F8 These shares are held directly by the Debra Nicole Winn Irrevocable 2020 Trust ("Trust B"), a family trust established for the benefit of the reporting person and the immediate family of the reporting person. The reporting person is the sole trustee of Trust B. The reporting person has a right to receive distributions of the net income and principal of Trust B during his lifetime.