James Madison IV Reynolds Form 3 Latch / James Madison IV Reynolds ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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^*

Avenir Management Company, LLC

(Last) (First) (Middle)

C/O AVENIR MANAGEMENT COMPANY, LLC,

135 FIFTH AVENUE, 7TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/04/2021

3. Issuer Name and Ticker or Trading Symbol
Latch, Inc. [ LTCH ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,901,893(1)	I	By Avenir Latch Investors, LLC(2)
Common Stock	6,981,953(1)	I	By Avenir Latch Investors II, LLC(2)
Common Stock	6,551,705(1)	I	By Avenir Latch Investors III, LLC(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Avenir Management Company, LLC

(Last) (First) (Middle)

C/O AVENIR MANAGEMENT COMPANY, LLC,

135 FIFTH AVENUE, 7TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Avenir Latch Investors, LLC

(Last) (First) (Middle)

C/O AVENIR MANAGEMENT COMPANY, LLC, 135

FIFTH AVENUE, 7TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Avenir Latch Investors II, LLC

(Last) (First) (Middle)

C/O AVENIR MANAGEMENT COMPANY, LLC,

135 FIFTH AVENUE, 7TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Avenir Latch Investors III, LLC

(Last) (First) (Middle)

C/O AVENIR MANAGEMENT COMPANY, LLC

135 FIFTH AVENUE, 7TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Reynolds James Madison IV

(Last) (First) (Middle)

C/O AVENIR MANAGEMENT COMPANY, LLC,

135 FIFTH AVENUE, 7TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

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. Mr. Sugrue is filing a separate Form 4 to report the securities reported herein.

Remarks:

	Avenir Latch Investors, LLC, By: Avenir Management Company LLC, its manager, By: /s/ Russell L. Barbour, Title: Chief Operating Officer	06/08/2021
	Avenir Latch Investors II, LLC, By: Avenir Management Company LLC, its manager, By: /s/ Rusell L. Barbour, Title: Chief Operating Officer	06/08/2021
	Avenir Latch Investors III, LLC, By: Avenir Management Company LLC, its manager, By: /s/ Russell L. Barbour, Title: Chief Operating Officer	06/08/2021
	Avenir Management Company, LLC, By: /s/ Russell L. Barbour, Title: Chief Operating Officer	06/08/2021
	/s/ James M. Reynolds, IV	06/08/2021
	** Signature of Reporting Person	Date
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