Troy Steckenrider III - Mar 29, 2021 Form 4 Insider Report for two (TWOA)

Signature
/s/ Troy B. Steckenrider III
Stock symbol
TWOA
Transactions as of
Mar 29, 2021
Transactions value $
$6,287,500
Form type
4
Date filed
1/4/2023, 03:39 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWOA Class A Ordinary Shares Purchase $6M +600K $10.00 600K Mar 29, 2021 see footnote F1, F2
transaction TWOA Class A Ordinary Shares Purchase $288K +28.8K +4.79% $10.00 629K Apr 13, 2021 see footnote F2, F3
transaction TWOA Class A Ordinary Shares Other $0 -629K -100% $0.00* 0 Dec 30, 2022 see footnote F2, F4

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 TWOA Class B Ordinary Shares Other $0 -391K -6.92% $0.00 5.25M Apr 19, 2021 Class A Ordinary Shares 391K see footnote F2, F5, F6
* 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. 333-253802) ("Form S-1"), the Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), were purchased in a private placement that occurred simultaneously with the closing of the issuer's initial public offering.
F2 The shares reported herein are directly owned by two sponsor, the sole member of which is A-Star Investments, LLC ("A-Star"). Kevin Hartz, as manager of AStar Family LLC, and the Reporting Person are the managing members of A-Star. The managing members have voting and investment discretion with respect to the Class B ordinary shares held by two sponsor and may be deemed to have shared beneficial ownership of such securities. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 On April 13, 2021, the underwriter partially exercised its over-allotment option and purchased an additional 1,437,500 Class A Ordinary Shares. In connection with the partial exercise of the over-allotment option, the Reporting Person purchased additional Class A Ordinary Shares in a private placement.
F4 The Reporting Person surrendered all Class A Ordinary Shares for no consideration.
F5 As described in the issuer's Form S-1 under the heading "Description of Securities-Founder Shares," the Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), of the issuer will automatically convert into Class A Ordinary Shares of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.
F6 In connection with the partial exercise of the underwriter's over-allotment option as described herein, the Reporting Person surrendered 390,625 Class B Ordinary Shares for no consideration.