David Sgro - Feb 5, 2024 Form 3 Insider Report for Legato Merger Corp. III (LEGT)

Role: Director, Non-Executive Vice-Chairman
Signature: /s/ David D. Sgro
Stock symbol: LEGT
Transactions as of: Feb 5, 2024
Transactions value $: $0
Form type: 3
Date filed: 2/5/2024, 05:08 PM
Previous filing: Dec 14, 2023
Next filing: Feb 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LEGT	Ordinary shares						25K	Feb 5, 2024	Direct	F1, F2
holding	LEGT	Ordinary shares						374K	Feb 5, 2024	By Eric S Rosenfeld 2017 Trust No. 1, Eric S Rosenfeld 2017 Trust No. 2	F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LEGT	Warrant							Feb 5, 2024	Common stock	1.25K	$11.50	Direct	F1, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes securities within up to 2,500 Units the Reporting Person has irrevocably committed to purchase upon consummation of the Issuer's initial public offering. Each Unit consists of one ordinary share and one half of one warrant.
F2	Includes up to 1,582 shares that may be forfeited, and up to 176 shares within Units for which the Reporting Person may not subscribe, to the extent that the underwriters in the Issuer's initial public offering does not fully exercise its overallotment option.
F3	Includes up to 67,721 shares that may be forfeited to the extent that the underwriter in the Issuer's initial public offering does not fully exercise its overallotment option.
F4	The Reporting Person is the trustee of these trusts and has sole voting and dispositive power over the securities held thereby. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his ultimate pecuniary interest therein.
F5	Each warrant will become exercisable 30 days after the completion by the Issuer of an initial business combination.
F6	Each warrant will expire five years after the completion by the Issuer of an initial business combination, or earlier upon redemption; provided that the warrants will expire earlier if the Issuer has not completed an initial business combination within the required time period and liquidates the trust account in connection therewith.