Renda Frankie S. 4

What Happened

• Frankie S. Renda, a reported 10% owner of Southland Holdings, converted/exercised 55,433 derivative awards (RSUs) into 55,433 shares on June 25, 2026 and simultaneously disposed/transfered 55,433 shares for $0. The filing shows no cash proceeds from the disposition.

Key Details

• Transaction date: June 25, 2026; Filing date: June 29, 2026 (filed within the typical 2 business-day window).
• Transaction types: M = exercise/conversion of derivative (RSU conversion); corresponding disposition recorded at $0.00.
• Share counts: 55,433 shares acquired (conversion) and 55,433 shares disposed.
• Price: Acquired price listed as N/A (conversion); disposed at $0.00 — no cash sale proceeds.
• Post-transaction holdings: Footnotes indicate the shares are held directly by family trusts and the reporting person’s spouse (Frank Renda 2015 Irrevocable Trust, Madison Nicole Renda Trust, Dominic Vincent Renda Trust, Santino Leonidas Renda Trust, and spouse). The reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
• Notes on award: These were RSUs awarded June 25, 2024 that vest over three years; one-third vested on June 25, 2026 (see footnote).

Context

• This was a conversion/settlement of vested RSUs, not an open-market sale for cash. The $0 disposition typically indicates shares were transferred to the named family trusts or spouse rather than sold, and does not by itself signal a bullish or bearish view. For retail investors, RSU vest/transfer events are commonly related to compensation and family/estate arrangements rather than market-timing trades.