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

Role
Director
Signature
/s/ Priyen Patel, Attorney-in-fact
Stock symbol
LTCH
Transactions as of
Jun 4, 2021
Transactions value $
$0
Form type
4
Date filed
6/8/2021, 07:06 PM
Next filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTCH Common Stock Award +7.9M 7.9M Jun 4, 2021 By Avenir Latch Investors, LLC F1, F2
transaction LTCH Common Stock Award +6.98M 6.98M Jun 4, 2021 By Avenir Latch Investors II, LLC F1, F2
transaction LTCH Common Stock Award +6.55M 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. 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.