What does the exercise price of $0.00 per share mean for the RSUs at Southland Holdings?

The $0.00 per share exercise price indicates the RSUs convert into common stock without cash payment. This is typical for restricted stock units, which represent share-based compensation that vests over time instead of requiring a purchase price.

Southland Holdings (SLND) CFO exercises 19,009 RSUs into common stock

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Southland Holdings, Inc. Chief Financial Officer and Treasurer Keith Bassano exercised restricted stock units into common stock as part of an existing equity award. On June 13, 2026, he converted 19,009 restricted stock units into an equal number of common shares at a stated price of $0.00 per share, reflecting vesting rather than an open-market purchase.

This transaction stems from an award of 57,029 restricted stock units granted on June 13, 2025, which vests over three years. After the transaction, Bassano directly holds 44,217 shares of common stock and 38,020 restricted stock units, indicating that a substantial portion of his compensation remains in equity that will vest through June 2028.

Insider Trade Summary

19,009 shares exercised/converted

Mixed 2 txns

Insider Bassano Keith

Role CFO AND TREASURER

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	19,009	$0.00	--
Exercise	Common Stock	19,009	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 38,020 shares (Direct, null); Common Stock — 44,217 shares (Direct, null)

Footnotes (1)

Each restricted stock unit is equivalent to one share of the Issuer's common stock. The reporting person received an award of 57,029 restricted stock units ("RSUs") on June 13, 2025. The RSUs vest over a three-year period, with approximately one-third (1/3) of the RSUs having vested on June 13, 2026, approximately one-third (1/3) of the RSUs vesting on June 13, 2027, and the remaining RSUs vesting on June 13, 2028.

Key Figures

RSUs exercised: 19,009 units Common shares after transaction: 44,217 shares RSU award size: 57,029 units +3 more

6 metrics

RSUs exercised 19,009 units Converted into common stock on June 13, 2026

Common shares after transaction 44,217 shares Direct holdings following RSU conversion

RSU award size 57,029 units Granted on June 13, 2025

Remaining RSUs 38,020 units Restricted stock units following June 13, 2026 vesting

Exercise price $0.00 per share Conversion of RSUs into common stock

Vesting schedule end June 13, 2028 Final vesting date for the RSU award

Key Terms

Restricted Stock Unit, Form 4, derivative security, vesting

4 terms

Restricted Stock Unit financial

"The reporting person received an award of 57,029 restricted stock units ("RSUs") on June 13, 2025."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vesting financial

"The RSUs vest over a three-year period, with approximately one-third of the RSUs having vested on June 13, 2026."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/16/2026 - 08:15 PM Accepted by SEC EDGAR 06/16/2026 - 08:15 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bassano Keith

(Last)

(First)

(Middle)

1100 KUBOTA DRIVE

(Street)

GRAPEVINE

TEXAS

76051

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Southland Holdings, Inc. [ SLND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CFO AND TREASURER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/13/2026		M		19,009	A	⁽¹⁾	44,217	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	06/13/2026		M			19,009	⁽²⁾	⁽²⁾	Common Stock	19,009	$0	38,020	D

Explanation of Responses:

1. Each restricted stock unit is equivalent to one share of the Issuer's common stock.

2. The reporting person received an award of 57,029 restricted stock units ("RSUs") on June 13, 2025. The RSUs vest over a three-year period, with approximately one-third (1/3) of the RSUs having vested on June 13, 2026, approximately one-third (1/3) of the RSUs vesting on June 13, 2027, and the remaining RSUs vesting on June 13, 2028.

	/s/ Keith Bassano	06/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Southland Holdings (SLND) report for Keith Bassano?

Southland Holdings reported that CFO and Treasurer Keith Bassano exercised 19,009 restricted stock units into common stock. The transaction reflects scheduled vesting of a prior equity award, not an open-market share purchase or sale.

How many Southland Holdings shares does the CFO hold after this Form 4?

After the transaction, CFO Keith Bassano directly holds 44,217 shares of Southland Holdings common stock. He also continues to hold 38,020 restricted stock units that are scheduled to vest in future periods under the original award.

What was the size and structure of the RSU award to the Southland Holdings CFO?

Keith Bassano received an award of 57,029 restricted stock units on June 13, 2025. The RSUs vest over three years, with approximately one-third vesting on June 13, 2026, another third on June 13, 2027, and the remainder on June 13, 2028.

Did the Southland Holdings CFO buy or sell SLND shares on the market?

The filing shows an exercise of restricted stock units into common stock at a price of $0.00 per share. It does not report any open-market purchases or sales; the activity reflects equity compensation vesting, not trading in the market.

How long will the Southland Holdings CFO’s RSUs continue vesting?

The 57,029 restricted stock units granted to the CFO vest over a three-year period. One-third vested on June 13, 2026, with additional portions scheduled to vest on June 13, 2027, and June 13, 2028, subject to the award’s terms.