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

Role
10%+ Owner
Signature
XPAC Sponsor LLC, By: /s/ Chu Chiu Kong, as Manager
Issuer symbol
ZLS
Transactions as of
19 Aug 2021
Net transactions value
$0
Form type
4
Filing time
20 Aug 2021, 16:02:43 UTC
Previous filing
29 Jul 2021
Next filing
27 Jul 2023
SEC
View on sec.gov

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 ZLS Class B ordinary shares Other -259,717 -4.6% 5,400,283 19 Aug 2021 Class A ordinary shares 259,717 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.