Launch Two Sponsor LLC bought LPBB
September 30, 2026 · Form 4 insider transaction
Launch Two Sponsor LLC bought 5,749,999 shares of LPBB, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
The Class B ordinary shares are convertible, at the option of the holder, into Class A ordinary shares on a one-for-one basis, for no additional consideration, and have no expiration date. On September 30, 2026, the Reporting Persons elected to convert 5,749,999 Class B ordinary shares held by them into 5,749,999 Class A ordinary shares.; Ryan Gilbert, Chairman of the board of directors of the Issuer, is the sole managing member of Launch Two Sponsor LLC (the "Sponsor") and holds voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Mr. Gilbert may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Gilbert disclaims any beneficial ownership except to the extent of his pecuniary interest therein.