4//SEC Filing
Applbaum Isaac 4
Accession 0001213900-21-038724
CIK 0001848364other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 5:44 PM ET
Size
12.4 KB
Accession
0001213900-21-038724
Insider Transaction Report
Form 4
1P Management LLC
Director10% Owner
Transactions
- Disposition to Issuer
Class B Common Stock
2021-07-26−91,991→ 7,305,200 total→ Class A Common Stock (91,991 underlying)
Footnotes (3)
- [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.
Issuer
Logistics Innovation Technologies Corp.
CIK 0001848364
Entity typeother
Related Parties
1- filerCIK 0001376613
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 5:44 PM ET
- Size
- 12.4 KB