Renda Frankie S. 4
4 · Southland Holdings, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Southland (SLND) 10% Owner Frankie S. Renda Converts 57,471 RSUs
What Happened
Frankie S. Renda (listed as a 10% owner) had 57,471 restricted stock units (RSUs) vest and convert to common shares on June 13, 2026 (transaction code M = exercise/conversion). The filing shows 57,471 shares acquired via conversion and the same 57,471 shares disposed of at $0.00—meaning there was no open‑market sale or cash proceeds reported. The RSUs originated from a June 13, 2025 award of 172,413 RSUs that vest in three equal annual tranches; one-third (57,471) vested on June 13, 2026.
Key Details
- Transaction date: June 13, 2026; Form 4 filed June 16, 2026 (filed within normal Form 4 timing).
- Acquired: 57,471 shares via conversion of RSUs (price: N/A).
- Disposed: 57,471 shares at $0.00 (no cash proceeds reported).
- Shares owned after transaction: not specified in this filing.
- Notable footnotes: F1 = 1 RSU = 1 share; F8 = original RSU award and vesting schedule; F2–F7 indicate shares are held directly by family trusts and the reporting person’s spouse; F3 disclaims beneficial ownership except to extent of pecuniary interest.
- This was not an open‑market sale (no sale proceeds) — it appears to be conversion/transfer to family trusts/spouse rather than a cash disposition.
Context
Code M transactions reflect exercise or conversion of derivatives (here, vested RSUs converting to shares). Transfers at $0 often indicate internal transfers (to trusts or family members) or settlement of award terms rather than a market sale, and therefore do not signal a typical insider "sell" or "buy" trade. As a 10% owner, Renda’s transfers to family trusts are family/institutional arrangements and should be interpreted differently than discretionary buy/sell trades by officers or directors.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-13+57,471→ 15,079,355 total - Exercise/Conversion
Restricted Stock Unit
[F1][F8]2026-06-13−57,471→ 114,942 total→ Common Stock (57,471 underlying)
- 6,140,497(indirect: By Trust)
Common Stock
[F2][F3] - 2,211,394(indirect: By Trust)
Common Stock
[F3][F4] - 2,211,394(indirect: By Trust)
Common Stock
[F3][F5] - 2,211,394(indirect: By Trust)
Common Stock
[F3][F6] - 69,270(indirect: By Amanda Delee Renda)
Common Stock
[F3][F7]
Footnotes (8)
- [F1]Each restricted stock unit is equivalent to one share of the Issuer's common stock.
- [F2]These shares are held directly by the Frank Renda 2015 Irrevocable Trust ("Trust A"), a family trust established for the benefit of the immediate family of Frankie S. Renda. Frankie S. Renda is the sole trustee of Trust A.
- [F3]For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, 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.
- [F4]These shares are held directly by the Madison Nicole Renda Trust ("Trust B"), a family trust established for the benefit of a child of Frankie S. Renda. Frankie S. Renda is the sole trustee of Trust B.
- [F5]These shares are held directly by the Dominic Vincent Renda Trust ("Trust C"), a family trust established for the benefit of a child of Frankie S. Renda. Frankie S. Renda is the sole trustee of Trust C.
- [F6]These shares are held directly by the Santino Leonidas Renda Trust ("Trust D"), a family trust established for the benefit of a child of Frankie S. Renda. Frankie S. Renda is the sole trustee of Trust D.
- [F7]These shares are held directly by the spouse of Frankie S. Renda.
- [F8]The reporting person received an award of 172,413 restricted stock units ("RSUs") on June 13, 2025. The RSUs vest over a three-year period, with one-third (1/3) of the RSUs having vested on June 13, 2026, one-third (1/3) of the RSUs vesting on June 13, 2027, and the remaining one-third (1/3) of the RSUs vesting on June 13, 2028.