Pearl Holdings Sponsor LLC - Jan 13, 2022 Form 4 Insider Report for Pearl Holdings Acquisition Corp (PRLH)

Role: 10%+ Owner
Signature: /s/ Craig E. Barnett
Stock symbol: PRLH
Transactions as of: Jan 13, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/18/2022, 07:40 AM
Previous filing: Dec 14, 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	PRLH	Class B Ordinary Shares	Other		-31.3K	-0.62%		5M	Jan 13, 2022	Class A Ordinary Shares	31.3K		Direct	F1, F2

* 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. 333-261319) under the heading "Description of Securities-Founder Shares", Class B ordinary shares, par value $0.0001 ("Class B Ordinary Shares"), of the issuer will automatically convert into Class A ordinary shares, par value $0.0001, 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	On December 20, 2021, the underwriters partially exercised the over-allotment option and purchased an additional 2,500,000 units from the issuer and forfeited the remainder of the option. Because the underwriters did not fully exercise the over-allotment option, Pearl Holdings Sponsor LLC (the "Sponsor") forfeited 31,250 Class B Ordinary Shares for no consideration.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-261319) under the heading "Description of Securities-Founder Shares", Class B ordinary shares, par value $0.0001 ("Class B Ordinary Shares"), of the issuer will automatically convert into Class A ordinary shares, par value $0.0001, 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.

On December 20, 2021, the underwriters partially exercised the over-allotment option and purchased an additional 2,500,000 units from the issuer and forfeited the remainder of the option. Because the underwriters did not fully exercise the over-allotment option, Pearl Holdings Sponsor LLC (the "Sponsor") forfeited 31,250 Class B Ordinary Shares for no consideration.