Ned D. Segal - Jun 4, 2021 Form 4 Insider Report for TS Innovation Acquisitions Corp. (LTCH)

Role
Former Director
Signature
/s/ Melissa Chia as Attorney-in-Fact
Stock symbol
LTCH
Transactions as of
Jun 4, 2021
Transactions value $
$0
Form type
4
Date filed
6/7/2021, 06:44 PM
Previous filing
Jun 3, 2021
Next filing
Jun 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTCH Class A Common Stock Options Exercise +30K 30K Jun 4, 2021 Direct F1, F2

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 LTCH Class B common stock Options Exercise -30K -100% 0 Jun 4, 2021 Class A common stock Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ned D. Segal is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-249640), the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination (the "Business Combination"), on a one-for-one basis.
F2 On June 4, 2021, TS Innovation Acquisitions Corp. ("TSIA" and the former name of the Issuer) consummated the Business Combination with Latch, Inc. In connection with the Business Combination, each Class B share converted to one Class A share. The reporting person resigned as a director of the Issuer upon consummation of the Business Combination.