Thomas D. Hennessy - 24 Aug 2023 Form 4 Insider Report for two (TWOA)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Thomas D. Hennessy
Issuer symbol
TWOA
Transactions as of
24 Aug 2023
Transactions value $
$0
Form type
4
Filing time
25 Aug 2023, 17:10:40 UTC
Previous filing
31 Jul 2023
Next filing
11 Sep 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 TWOA Class B Ordinary Shares Other $0 -135K -4.03% $0.00 3.21M 24 Aug 2023 Class A Ordinary Shares 135K See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the registrant's registration statement on Form S-1 (File No. 333-253802) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the registrant's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date.
F2 Pursuant to a securities assignment agreement, dated as of August 2, 2023, 135,000 Class B ordinary shares of the registrant were assigned by HC Proptech Partners III, LLC (the "Sponsor") to certain directors and advisors of the registrant.
F3 These shares represent the Class B ordinary shares held by the Sponsor. HC PropTech III LLC is the managing member of the Sponsor and each of Thomas D. Hennessy and Daniel J. Hennessy are the managing members of HC PropTech III LLC.