XP Inc. — Director's Dealing 2021

Aug 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XPAC Acquisition Corp. (XPAX)
CIK: 0001853397
Period of Report: 2021-08-19

Reporting Person: XPAC Sponsor LLC (10% Owner)
Reporting Person: XP Inc. (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-19	Class B ordinary shares	$	J	259717	Disposed		Class A ordinary shares (259717)	Direct

Footnotes

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.