Phoenix SPAC Holdco LLC - Oct 28, 2022 Form 4 Insider Report for Valor Latitude Acquisition Corp. (VLAT)

Role: 10%+ Owner
Signature: Jonathan Duckles as Director for Phoenix SPAC Holdco LLC
Stock symbol: VLAT
Transactions as of: Oct 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/1/2022, 05:45 PM

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		-11.3K	-1.52%		727K	Oct 28, 2022	Class A Ordinary Shares	11.3K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Class B ordinary shares ("Class B Shares") will automatically convert into Class A ordinary shares of the Issuer 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	The Reporting Person disposed of 11,250 Class B shares for no consideration in connection with the forfeiture of such Class B Shares to Valor Latitude LLC.

Content

The Class B ordinary shares ("Class B Shares") will automatically convert into Class A ordinary shares of the Issuer 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.

The Reporting Person disposed of 11,250 Class B shares for no consideration in connection with the forfeiture of such Class B Shares to Valor Latitude LLC.