Key facts
- This page summarizes Tailwind Two Sponsor LLC's Form 4 filing for Tailwind Two Acquisition Corp..
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 29 Mar 2022, 19:35.
Tailwind Two Sponsor LLC - 25 Mar 2022 Form 4 Insider Report for Tailwind Two Acquisition Corp.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 25 Mar 2022
- Net transaction value
- +$11,583,000
- Reporting owner signature
- Tailwind Two Sponsor LLC, by Philip Krim, Authorized Signatory 03/29/2022
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Tailwind Two Sponsor LLC filed Form 4 for Tailwind Two Acquisition Corp. on 29 Mar 2022.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$11,583,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LLAP
transaction
Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +8,550,000
- Change %
- Price
- Shares after
- 8,550,000
- Date
- 25 Mar 2022
- Ownership
- Direct
- Footnotes
- F1, F2
LLAP
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -525,000
- Change %
- -6.1%
- Price
- Shares after
- 8,025,000
- Date
- 25 Mar 2022
- Ownership
- Direct
- Footnotes
- F1, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LLAP
transaction
Derivative
Class B ordinary shares
Conversion of derivative security
- Transaction value
- Shares
- -8,550,000
- Change %
- -50%
- Price
- Shares after
- 8,550,000
- Date
- 25 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A ordinary shares
- Underlying amount
- 8,550,000
- Exercise price
- Footnotes
- F1, F2
LLAP
transaction
Derivative
Warrants
Award
- Transaction value
- $11,583,000
- Shares
- +7,722,000
- Change %
- Price
- $1.50
- Shares after
- 7,722,000
- Date
- 25 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A ordinary shares
- Underlying amount
- 7,722,000
- Exercise price
- $11.50
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Tailwind Two Sponsor LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
As described in the issuer's registration statement on Form S-1 (File No. 333-253224) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
Footnote F2
In connection with the closing of the issuer's initial business combination on March 25, 2022 (the "Transaction"), the reported securities were converted on a one for one basis into Common Stock.
Footnote F3
The reported securities were forfeited for no consideration in connection with the closing of the Transaction.
Footnote F4
Tailwind Two Sponsor LLC directly holds 8,025,000 shares of Common Stock. Mr. Philip Krim controls Tailwind Two Sponsor LLC and, as such, shares voting and investment discretion with respect to the securities held by Tailwind Two Sponsor LLC and may be deemed to have beneficial ownership of such securities, provided that Mr. Philip Krim disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The inclusion of the reported securities in this statement shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
Footnote F5
Warrants to acquire Common Stock on a one for one basis, that are exercisable thirty (30) days after the completion of an initial business combination, which occurred on March 25, 2022.