Goggo Network GmbH - 16 Sep 2021 Form 4 Insider Report for Levere Holdings Corp.

Role: 10%+ Owner
Signature: GOGGO NETWORK GMBH, By: /s/ Martin Varsavsky Waisman-Diamond, as Chief Executive Officer
Issuer symbol: N/A
Transactions as of: 16 Sep 2021
Net transactions value: $0
Form type: 4
Filing time: 20 Sep 2021, 18:28:25 UTC
SEC: View on sec.gov

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	LVRA	Class B ordinary shares	Other		-532,132	-8.3%		5,881,439	31 Mar 2021	Class A ordinary shares	532,132		Direct	F1, F2
transaction	LVRA	Class B ordinary shares	Other		+126,765	+2.2%		6,008,204	16 Sep 2021	Class A ordinary shares	126,765		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	As described in the Issuer's registration statement on Form S-1 (File No. 333-253105) (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will convert into Class A ordinary shares at the time of or after the Issuer's initial business combination, or earlier at the option of the holder thereof, as described in the Registration Statement.
F2	Of the Class B ordinary shares initially held by the reporting person, as described in the Registration Statement, up to 937,500 Class B ordinary shares were subject to forfeiture by the reporting person in the event the underwriters (the "Underwriters") of the Issuer's initial public offering ("IPO") failed to exercise all or a portion of the over-allotment option granted to them in connection with the IPO. On March 31, 2021, the Underwriters purchased an additional 2,128,532 Units from the Issuer in connection with the Underwriters partial exercise of their over-allotment option (the "Partial Over-Allotment Exercise"). In connection with the Partial Over-Allotment Exercise, the reporting person surrendered to the Issuer for cancellation 532,132 Class B ordinary shares for no consideration.
F3	Due to a clerical error in the calculation of the number of Class B ordinary shares to be surrendered to the Issuer in connection with the Partial Over-Allotment Exercise, the reporting person inadvertently surrendered 126,765 Class B ordinary shares more than the 405,367 Class B ordinary shares that were required to have been forfeited by it in connection with the Partial Over-Allotment Exercise (the "Clerical Error"). The issuance corrects the Clerical Error, such that the total number of Class B ordinary shares forfeited by the reporting person, after giving effect to the correction of the Clerical Error, was 405,367 Class B ordinary shares.