Cody Gallarda - 14 Feb 2024 Form 4 Insider Report for Southland Holdings, Inc. (SLND)

Role: CFO, EVP AND TREASURER
Signature: /s/ Cody Gallarda
Issuer symbol: SLND
Transactions as of: 14 Feb 2024
Net transactions value: -$171,162
Form type: 4
Filing time: 16 Feb 2024, 20:00:32 UTC
Previous filing: 21 Aug 2023
Next filing: 27 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLND	Common Stock	Options Exercise		+86,666	+8667%		87,666	14 Feb 2024	Direct	F1
transaction	SLND	Common Stock	Tax liability	$171,162	-34,789	-40%	$4.92	52,877	14 Feb 2024	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SLND	Restricted Stock Unit	Options Exercise	$0	-86,666	-50%	$0.000000	86,667	14 Feb 2024	Common Stock	86,666		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit is equivalent to one share of the Issuer's common stock.
F2	Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of the reporting person's restricted stock units.
F3	Reflects the closing trading price of the Issuer's common stock on February 14, 2024.
F4	The reporting person received an award of 173,333 restricted stock units on February 14, 2023. The restricted stock units shall vest over a two-year period, with one half (1/2) of the shares vesting on February 14, 2024 and the remaining shares vesting on February 14, 2025.