Andrew Sugrue - 04 Jun 2021 Form 4 Insider Report for Latch, Inc. (LTCH)

Role: Director
Signature: /s/ Priyen Patel, Attorney-in-fact
Issuer symbol: LTCH
Transactions as of: 04 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 08 Jun 2021, 19:06:23 UTC
Next filing: 24 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Shares	Shares After	Date	Ownership	Footnotes
transaction	LTCH	Common Stock	Award	+7,901,893	7,901,893	04 Jun 2021	By Avenir Latch Investors, LLC	F1, F2
transaction	LTCH	Common Stock	Award	+6,981,953	6,981,953	04 Jun 2021	By Avenir Latch Investors II, LLC	F1, F2
transaction	LTCH	Common Stock	Award	+6,551,705	6,551,705	04 Jun 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. Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC, Avenir Latch Investors III, LLC, Avenir Management Company, LLC and Mr. Reynolds are filing a separate Form 3 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. Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC, Avenir Latch Investors III, LLC, Avenir Management Company, LLC and Mr. Reynolds are filing a separate Form 3 to report the securities reported herein.