1P Management LLC - 26 Jul 2021 Form 4 Insider Report for Logistics Innovation Technologies Corp.

Role: Director, 10%+ Owner
Signature: /s/ Christina Min, Attorney-in-Fact for 1P Management, LLC
Issuer symbol: N/A
Transactions as of: 26 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 26 Jul 2021, 17:44:43 UTC
Previous filing: 10 Jun 2021
Next filing: 20 Jun 2023
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	LITT	Class B Common Stock	Disposed to Issuer	$0	-91,991	-1.2%	$0.000000	7,305,200	26 Jul 2021	Class A Common Stock	91,991		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	On July 26, 2021, 1P Management, LLC forfeited to the Issuer at no cost 91,991 shares of Class B common stock of the Issuer, in connection with the election by the underwriters of the Issuer's initial public offering of units to exercise an option granted to them to cover over-allotments in part and not in full.
F2	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) (the "Registration Statement") and have no expiration date.
F3	1P Management, LLC is the record holder of the securities reported herein. Isaac Applbaum is the manager of 1P Management, LLC and has voting and investment discretion with respect to the securities held of record by 1P Management, LLC.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.