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

Role
CFO, EVP AND TREASURER
Signature
/s/ Cody Gallarda
Stock symbol
SLND
Transactions as of
Feb 14, 2024
Transactions value $
-$171,162
Form type
4
Date filed
2/16/2024, 08:00 PM
Previous filing
Aug 21, 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 Options Exercise +86.7K +8666.6% 87.7K Feb 14, 2024 Direct F1
transaction SLND Common Stock Tax liability -$171K -34.8K -39.68% $4.92 52.9K Feb 14, 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 -86.7K -50% $0.00 86.7K Feb 14, 2024 Common Stock 86.7K 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.