XPAC Sponsor LLC - Jul 27, 2023 Form 4/A - Amendment Insider Report for XPAC Acquisition Corp. (ZLS)

Role: Former 10% Owner
Signature: XPAC Sponsor LLC, By: /s/ Chu Chiu Kong, as Manager
Stock symbol: ZLS
Transactions as of: Jul 27, 2023
Transactions value $: -$264,017
Form type: 4/A - Amendment
Date filed: 7/27/2023, 04:26 PM
Date Of Original Report: Aug 20, 2021
Previous filing: Aug 20, 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	ZLS	Class B ordinary shares	Sale	-$264K	-4.4M	-81.48%	$0.06	1M	Jul 27, 2023	Class A ordinary shares	4.4M		Direct	F1, F2, F3

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

XPAC Sponsor LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On July 27, 2023, the issuer's name was changed from XPAC Acquisition Corp. to Zalatoris II Acquisition Corp. 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 ("Class B ordinary shares") will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer ("Class A ordinary shares") 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	As disclosed in a Current Report on Form 8-K filed by the issuer on July 27, 2023, on July 27, 2023, XPAC Sponsor LLC (the "Sponsor") transferred to J. Streicher Holdings, LLC (i) 4,400,283 Class B ordinary shares, and (ii) 4,261,485 private placement warrants issued by the issuer and convertible into 4,261,485 Class A ordinary shares in certain circumstances described in the issuer's registration statement on Form S-1 (File No. 333-256097) under the heading "Description of Securities--Redeemable Warrants--Private Placement Warrants".
F3	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.