Statement of Changes in Beneficial Ownership (4)
June 08 2021 - 7:07PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Sugrue Andrew |
2. Issuer Name and Ticker or Trading Symbol
Latch, Inc.
[
LTCH
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O LATCH, INC., 508 WEST 26TH STREET, SUITE 6G |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/4/2021 |
(Street)
NEW YORK, NY 10001
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 6/4/2021 | | A | | 7901893 | A | (1) | 7901893 | I | By Avenir Latch Investors, LLC (2) |
Common Stock | 6/4/2021 | | A | | 6981953 | A | (1) | 6981953 | I | By Avenir Latch Investors II, LLC (2) |
Common Stock | 6/4/2021 | | A | | 6551705 | A | (1) | 6551705 | I | By Avenir Latch Investors III, LLC (2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Pursuant to the business combination of TS Innovation Acquisitions Corp. and Latch, Inc. ("Legacy Latch"), each share of Legacy Latch outstanding common and preferred stock and each outstanding convertible note was automatically converted into the right to receive shares of the Issuer's Common Stock based on a 1-to-0.8971 conversion ratio. |
(2) | Avenir Management Company, LLC is the manager of each of Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC and Avenir Latch Investors III, LLC. Avenir Management Company, LLC is controlled by an investment committee comprised of Andrew Sugrue and James M. Reynolds, IV. As a result, each of Avenir Management Company, LLC and Messrs. Sugrue and Reynolds may be deemed to share beneficial ownership over the securities reported herein. Each of Messrs. Sugrue and Reynolds disclaims any such beneficial ownership except to the extent of their pecuniary interests therein. Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC, Avenir Latch Investors III, LLC, Avenir Management Company, LLC and Mr. Reynolds are filing a separate Form 3 to report the securities reported herein. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Sugrue Andrew C/O LATCH, INC. 508 WEST 26TH STREET, SUITE 6G NEW YORK, NY 10001 | X |
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Signatures
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/s/ Priyen Patel, Attorney-in-fact | | 6/8/2021 |
**Signature of Reporting Person | Date |
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