Bassano Keith 4

What Happened

• Keith Bassano, Chief Financial Officer and Treasurer of Southland Holdings, received 4,546 shares of common stock on March 23, 2026. The filing reports these shares as the result of the exercise/conversion of a derivative (code M) and shows a $0.00 per-share acquisition price—this reflects settlement of restricted stock units rather than an open-market purchase or sale.

Key Details

• Transaction date: March 23, 2026; Filing date: March 25, 2026 (timely).
• Shares acquired: 4,546 common shares; reported price: $0.00.
• Footnotes: RSUs were awarded March 7, 2025, vested February 28, 2026, and were settled for an equivalent number of shares on March 23, 2026. Each RSU represents a contingent right to one share (or cash equivalent at the issuer's discretion).
• Shares owned after the transaction: not disclosed in the provided filing.
• Filing timeliness: filed within the typical 2-business-day window (no late filing indicated).

Context

• This was an award settlement of restricted stock units (compensation), not a market purchase or sale. Such RSU settlements are routine compensation events and do not necessarily signal the insider’s view on the stock. The Form 4 lists the conversion under derivative code M, but the footnotes clarify the economic effect was RSU vesting and share settlement.