XPAC Sponsor LLC - Aug 19, 2021 Form 4 Insider Report for XPAC Acquisition Corp. (ZLSWU)

Role
10%+ Owner
Signature
XPAC Sponsor LLC, By: /s/ Chu Chiu Kong, as Manager
Stock symbol
ZLSWU
Transactions as of
Aug 19, 2021
Transactions value $
$0
Form type
4
Date filed
8/20/2021, 04:02 PM
Previous filing
Jul 29, 2021
Next filing
Jul 27, 2023

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 ZLSWU Class B ordinary shares Other -260K -4.59% 5.4M Aug 19, 2021 Class A ordinary shares 260K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-256097) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.
F2 Forfeiture and cancellation of 259,717 Class B ordinary shares for no consideration because the underwriter for the issuer's initial public offering did not fully exercise the over-allotment option.
F3 XPAC Sponsor LLC (the "Sponsor") is the record holder of the Class B ordinary shares reported herein. The sole member of the Sponsor, XP Inc., by virtue of its control over the Sponsor, may be deemed to beneficially own shares held by the Sponsor.