Alan Gershenhorn - Jun 10, 2021 Form 3 Insider Report for Logistics Innovation Technologies Corp. (LITT)

Role
CEO and Chairman, Director
Signature
/s/ Christina Min, Attorney-in-Fact
Stock symbol
LITT
Transactions as of
Jun 10, 2021
Transactions value $
$0
Form type
3
Date filed
6/10/2021, 09:56 PM
Next filing
Jul 26, 2021

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
holding LITT Class B Common Stock Jun 10, 2021 Class A Common Stock 853K See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-253949) and have no expiration date. The shares of Class B common stock beneficially owned by the Reporting Person include up to 115,875 shares of Class B common stock subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement.
F2 AG LIT Holdings, LLC ("AG LIT") is the record holder of the securities reported herein. Alan Gershenhorn is the sole member of AG LIT and has sole voting and investment discretion with respect to the securities held of record by AG LIT.

Remarks:

See Exhibit 24.1 - Power of Attorney.