Sgro David 4
4 · Southland Holdings, Inc. · Filed Feb 16, 2023
Insider Transaction Report
Form 4
Sgro David
DirectorOther
Transactions
- Other
Common stock
2023-02-14−108,632→ 396,288 total(indirect: By Trust) - Other
Common stock
2023-02-14−83,563→ 305,837 total
Footnotes (2)
- [F1]The reporting person transferred 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.
- [F2]The Reporting Person is the trustee of these trusts and has sole voting and dispositive power over the securities held thereby. The Reporting Person disclaims beneficial ownership of such securities.