Helio L. Magalhaes - Mar 16, 2022 Form 4 Insider Report for Valor Latitude Acquisition Corp. (VLAT)

Role: Chief Executive Officer, Director
Signature: /s/ Helio L. Magalhaes
Stock symbol: VLAT
Transactions as of: Mar 16, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/18/2022, 05:03 PM
Previous filing: Oct 7, 2021

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
transaction	VLAT	Class B ordinary shares	Other		+93.8K	+187.5%		144K	Mar 16, 2022	Class A ordinary shares	93.8K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person was assigned 93,750 Class B ordinary shares of the Issuer ("Class B Shares") in connection with his new role as the Issuer's Chief Executive Officer. The Class B Shares will automatically convert into Class A ordinary shares of the Issuer ("Class A Shares") at a ratio of no less than one-to-one on the first business day following the consummation of the Issuer's initial business combination, with the actual conversion rate as described in the section entitled "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-254159) filed with the Securities and Exchange Commission on April 19, 2021. The Class B Shares have no expiration date.
F2	As contemplated by the securities assignment agreement between Valor Latitude LLC (the "Sponsor") and Mr. Magalhaes, dated March 2022, the Sponsor assigned 93,750 Class B ordinary shares to Mr. Magalhaes in connection with Mr. Magalhaes's appointment as the Issuer's Chief Executive Officer.

Content

The Reporting Person was assigned 93,750 Class B ordinary shares of the Issuer ("Class B Shares") in connection with his new role as the Issuer's Chief Executive Officer. The Class B Shares will automatically convert into Class A ordinary shares of the Issuer ("Class A Shares") at a ratio of no less than one-to-one on the first business day following the consummation of the Issuer's initial business combination, with the actual conversion rate as described in the section entitled "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-254159) filed with the Securities and Exchange Commission on April 19, 2021. The Class B Shares have no expiration date.

As contemplated by the securities assignment agreement between Valor Latitude LLC (the "Sponsor") and Mr. Magalhaes, dated March 2022, the Sponsor assigned 93,750 Class B ordinary shares to Mr. Magalhaes in connection with Mr. Magalhaes's appointment as the Issuer's Chief Executive Officer.