| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SLND | Common Stock | Sale | -$20K | -2.36K | -0.13% | $8.51 | 1.82M | May 31, 2023 | By Debra Nicole Winn | F1, F2, F5, F6 |
| transaction | SLND | Common Stock | Sale | -$324K | -37.7K | -2.08% | $8.59 | 1.78M | Jun 1, 2023 | By Debra Nicole Winn | F1, F3, F5, F6 |
| transaction | SLND | Common Stock | Sale | -$250K | -29.1K | -1.64% | $8.57 | 1.75M | Jun 2, 2023 | By Debra Nicole Winn | F1, F4, F5, F6 |
| holding | SLND | Common Stock | 1.67M | May 31, 2023 | Direct | ||||||
| holding | SLND | Common Stock | 1.68M | May 31, 2023 | By Walter Timothy Winn 2015 Irrevocable Trust | F7, F9 | |||||
| holding | SLND | Common Stock | 1.68M | May 31, 2023 | By Debra Nicole Winn Irrevocable 2020 Trust | F8, F9 |
| Id | Content |
|---|---|
| F1 | The shares reported as sold in Column 4 are earnout shares held directly by the spouse of the reporting person that were acquired pursuant to an earnout right in connection with that certain Merger Agreement, dated May 25, 2022, by and among the Issuer, Legato Merger Sub Inc. and Southland Holdings, LLC. Such shares were held by the spouse of the reporting person as separate property. 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 $8.50 to $8.55, inclusive. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.26 to $8.81, inclusive. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.40 to $8.67, inclusive. |
| F5 | 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 footnotes (2), (3) and (4) to this Form 4. |
| F6 | These shares are held directly by the spouse of the reporting person as separate property. 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. |
| F7 | 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. |
| 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. |
| F9 | 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. |