Renda Rudolph V. 4

What Happened

• Rudolph V. Renda, a reported 10% owner of Southland Holdings, had 26,525 restricted stock units (RSUs) vest and convert to 26,525 shares on June 13, 2026. Those shares were immediately transferred/disposed for $0.00 (i.e., not sold for cash) into family trusts. This was a conversion/vesting event (derivative exercise), not an open‑market purchase or sale.

Key Details

• Transaction date: June 13, 2026; Form 4 filed June 16, 2026 (filed timely).
• Reported as derivative conversion/exercise (code M): 26,525 shares acquired on conversion; 26,525 shares disposed at $0.00.
• Net effect on reported beneficial ownership: no net increase in shares held by the reporting person (net change = 0).
• Footnotes: F1 clarifies each RSU equals one common share; F7 confirms the award was 79,575 RSUs granted 6/13/2025 with one‑third (26,525) vesting 6/13/2026. F2–F6 describe that the shares are held directly by various family trusts for which Renda is sole trustee; F3 disclaims beneficial ownership except to the extent of any pecuniary interest.
• No sale proceeds were reported; this was not a market sale but a conversion/transfer to trusts.

Context

• This was a standard RSU vesting and conversion event: RSUs became shares and were moved into family trusts. That transfer at $0.00 should not be interpreted as a market sale or cash realization by the reporting person.
• As a 10% owner, Renda’s holdings include shares held in family trusts and he disclaims beneficial ownership beyond any pecuniary interest, per the filing notes. Purchases (buys) generally carry more direct signaling weight than conversions/transfers like this one.