Avenir Management Company, LLC - Jun 4, 2021 Form 3 Insider Report for Latch, Inc. (LTCH)

Role: 10%+ Owner
Signature: Avenir Latch Investors, LLC, By: Avenir Management Company LLC, its manager, By: /s/ Russell L. Barbour, Title: Chief Operating Officer
Stock symbol: LTCH
Transactions as of: Jun 4, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/8/2021, 06:56 PM

Transactions Table

Type	Sym	Class	Shares After	Date	Ownership	Footnotes
holding	LTCH	Common Stock	7.9M	Jun 4, 2021	By Avenir Latch Investors, LLC	F1, F2
holding	LTCH	Common Stock	6.98M	Jun 4, 2021	By Avenir Latch Investors II, LLC	F1, F2
holding	LTCH	Common Stock	6.55M	Jun 4, 2021	By Avenir Latch Investors III, LLC	F1, F2

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

Explanation of Responses:

Id	Content
F1	Pursuant to the business combination of TS Innovation Acquisitions Corp. and Latch, Inc. ("Legacy Latch"), each share of Legacy Latch outstanding common and preferred stock and each outstanding convertible note was automatically converted into the right to receive shares of the Issuer's Common Stock based on a 1-to-0.8971 conversion ratio.
F2	Avenir Management Company, LLC is the manager of each of Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC and Avenir Latch Investors III, LLC. Avenir Management Company, LLC is controlled by an investment committee comprised of Andrew Sugrue and James M. Reynolds, IV. As a result, each of Avenir Management Company, LLC and Messrs. Sugrue and Reynolds may be deemed to share beneficial ownership over the securities reported herein. Each of Messrs. Sugrue and Reynolds disclaims any such beneficial ownership except to the extent of their pecuniary interests therein. Mr. Sugrue is filing a separate Form 4 to report the securities reported herein.

Content

Pursuant to the business combination of TS Innovation Acquisitions Corp. and Latch, Inc. ("Legacy Latch"), each share of Legacy Latch outstanding common and preferred stock and each outstanding convertible note was automatically converted into the right to receive shares of the Issuer's Common Stock based on a 1-to-0.8971 conversion ratio.

Avenir Management Company, LLC is the manager of each of Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC and Avenir Latch Investors III, LLC. Avenir Management Company, LLC is controlled by an investment committee comprised of Andrew Sugrue and James M. Reynolds, IV. As a result, each of Avenir Management Company, LLC and Messrs. Sugrue and Reynolds may be deemed to share beneficial ownership over the securities reported herein. Each of Messrs. Sugrue and Reynolds disclaims any such beneficial ownership except to the extent of their pecuniary interests therein. Mr. Sugrue is filing a separate Form 4 to report the securities reported herein.