0001446472-23-000015.txt : 20230522 0001446472-23-000015.hdr.sgml : 20230522 20230522215018 ACCESSION NUMBER: 0001446472-23-000015 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230322 FILED AS OF DATE: 20230522 DATE AS OF CHANGE: 20230522 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Renda Rudolph V. CENTRAL INDEX KEY: 0001965927 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41090 FILM NUMBER: 23946405 MAIL ADDRESS: STREET 1: 1100 KUBOTA DR. CITY: GRAPEVINE STATE: TX ZIP: 76051 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Southland Holdings, Inc. CENTRAL INDEX KEY: 0001883814 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1100 KUBOTA DRIVE CITY: GRAPEVINE STATE: TX ZIP: 76051 BUSINESS PHONE: (817) 293-4263 MAIL ADDRESS: STREET 1: 1100 KUBOTA DRIVE CITY: GRAPEVINE STATE: TX ZIP: 76051 FORMER COMPANY: FORMER CONFORMED NAME: LEGATO MERGER CORP. II DATE OF NAME CHANGE: 20210917 4 1 primary_doc.xml PRIMARY DOCUMENT X0407 4 2023-03-22 0 0001883814 Southland Holdings, Inc. SLND 0001965927 Renda Rudolph V. 1100 KUBOTA DR. GRAPEVINE TX 76051 0 1 1 0 Co-COO and EVP 0 Common Stock 2023-03-22 4 J 0 344828 10.15 A 3861937 D Common Stock 2023-03-22 4 J 0 137932 10.15 A 1491161 I Rudolph V. Renda, Jr., 2015 Irrevocable Trust Common Stock 2023-03-22 4 J 0 68966 10.15 A 744829 I Angelo Joseph Renda Trust Common Stock 2023-03-22 4 J 0 68966 10.15 A 744829 I Lola Sofia Renda Trust Common Stock 2023-05-18 4 P 0 4667 8.23 A 3866604 D Common Stock 2023-05-19 4 P 0 2001 8.27 A 3868605 D Common Stock 2023-05-22 4 P 0 5053 8.6 A 3873658 D Common Stock 1504 I Christy Lee Renda 2015 Irrevocable Trust The shares reported were issued pursuant to an earnout right in connection with that certain Merger Agreement, dated May 25, 2022 (the "Merger Agreement"), by and among the Issuer, Legato Merger Sub Inc. and Southland Holdings, LLC (the "Target Company"). As of the effective date of the merger, the members of the Target Company were entitled to receive, among other consideration, a number of shares of the Issuer's common stock equal to (a) (i) $105,000,000 divided by (ii) $10.15, multiplied by (b) such Target Company member's percentage of all Target Company membership interests issued and outstanding immediately prior to the effective date, upon the achievement of certain earnout targets. The shares issuable in respect of the 2022 Base Target (as defined in the Merger Agreement) were determined upon the final calculation of the Issuer's audited financial statements for the year ended December 31, 2022, and the shares were issued on April 27, 2023. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.80 to $8.40, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.12 to $8.41, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.35 to $8.88, inclusive. The reporting person undertakes to provide to Southland Holdings, Inc., any security holder of Southland Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2), (3) and (4) to this Form 4. These shares are held directly by the Rudolph V. Renda, Jr, 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. These shares are held directly by the Angelo Joseph Renda Trust ("Trust B"), a family trust established for the benefit of a child of the reporting person. The reporting person is the sole trustee of Trust B. These shares are held directly by the Lola Sofia Renda Trust ("Trust C"), a family trust established for the benefit of a child of the reporting person. The reporting person is the sole trustee of Trust C. These shares are held directly by the Christy Lee Renda 2015 Irrevocable Trust ("Trust D"), a family trust established for the benefit of the immediate family of the reporting person. The reporting person is the sole trustee of Trust D. 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. /s/ Rudolph V. Renda 2023-05-22