[Form 4] Southland Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Southland Holdings, Inc. (SLND) reported an insider equity award to its CFO and Treasurer, Keith Bassano. The Form 4 shows Bassano received 30,193 restricted stock units (RSUs) on 08/15/2025, each equivalent to one share of common stock. The RSUs were granted at $0 cost and will vest in three equal annual installments: 8/15/2026, 8/15/2027 and 8/15/2028. Following the grant, Bassano beneficially owns 30,193 shares as direct holdings reported on this form. The filing is a routine Section 16 disclosure documenting a compensation-related equity award to an officer.

Positive

• Executive alignment: Grant vests over three years, which aligns the CFO's incentives with long-term shareholder interests
• Clear disclosure: Filing provides specific grant date, share count and vesting schedule

Negative

• Potential dilution: The award increases shares outstanding by 30,193 when vested (materiality unknown from this form)
• Limited context: Form lacks info on total outstanding shares or prior grants, so relative size and cost to shareholders cannot be assessed

Insights

Corporate Governance Expert

TL;DR: Routine compensation grant aligning executive incentives with shareholders via time-based vesting.

This Form 4 documents a standard restricted stock unit award to the CFO that vests over three years, which is a common retention and alignment tool. The disclosure is timely and specifies vesting dates and equivalence to common shares. The filing does not include information on total outstanding shares or grant rationale, so the materiality of dilution or relative grant size cannot be assessed from this form alone.

Securities Analyst

TL;DR: Non-market transaction reporting an 08/15/2025 RSU grant of 30,193 shares; appears routine, not an open-market trade.

The report indicates an award of 30,193 RSUs at $0 with staged vesting across 2026–2028 and shows direct beneficial ownership equal to the award. As a single-officer compensation disclosure, it informs investors about executive equity incentives but lacks context on company share count, historical grants, or performance conditions. No exercised options or cash transactions are reported.

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 TX 76051

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	08/15/2025		A		30,193		(2)	(2)	Common Stock	30,193	$0	30,193	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 restricted stock units on August 15, 2025. The restricted stock units shall vest over a three-year period, with one-third (1/3) of the shares vesting on August 15, 2026, one-third (1/3) of the shares vesting on August 15, 2027, and the remaining shares vesting on August 15, 2028.

	/s/ Keith Bassano	08/19/2025
	** 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.

FAQ

What did SLND CFO Keith Bassano receive on 08/15/2025?

Keith Bassano received 30,193 restricted stock units (RSUs) on 08/15/2025, each equivalent to one share of common stock.

When do the RSUs awarded to Keith Bassano vest?

The RSUs vest in three equal installments: one-third on 08/15/2026, one-third on 08/15/2027, and the remainder on 08/15/2028.

Was there a cash price paid for the RSUs reported on the Form 4?

No cash price was paid. The Form 4 indicates the RSUs were granted at $0.

How many shares does Bassano beneficially own after this transaction according to the filing?

He beneficially owns 30,193 shares as reported following the transaction.

Does the Form 4 explain why the RSUs were granted?

No. The filing confirms the award and vesting schedule but does not provide the grant rationale or performance conditions.