# EDGAR Filing Document

**Accession Number:** 0001820536
**File Stem:** 0000899243-23-000627
**Filing Date:** 2023-1
**Character Count:** 7978
**Document Hash:** 896f4e62ae8003da01cbdcb20c8d210e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899243-23-000627.hdr.sgml**: 20230104

**ACCESSION NUMBER**: 0000899243-23-000627

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20210329

**FILED AS OF DATE**: 20230104

**DATE AS OF CHANGE**: 20230104

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Gupta Gautam
- **CENTRAL INDEX KEY:** 0001820536

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40292
- **FILM NUMBER:** 23507062

**MAIL ADDRESS:**
- **STREET 1:** 16 FUNSTON
- **STREET 2:** SUITE A
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** two
- **CENTRAL INDEX KEY:** 0001843988
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 981577238
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 900 KEARNY ST STE 610
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94133
- **BUSINESS PHONE:** 415-480-1752

**MAIL ADDRESS:**
- **STREET 1:** 900 KEARNY ST STE 610
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94133

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Gupta Gautam<br><sub>(Last) (First) (Middle)</sub><br>900 KEARNY STREET SUITE 610<br>THE PRESIDIO OF SAN FRANCISCO<br><sub>(Street)</sub><br>SAN FRANCISCO, CA 94133<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2021-03-29 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Co-Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>two [ TWOA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Ordinary Shares | 2021-03-29 |  | P |  | 600000<sup>(1)</sup> | A | $10.00 | 600000<sup>(1)(2)</sup> | I | see footnote<sup>(2)</sup> |
| Class A Ordinary Shares | 2021-04-13 |  | P |  | 28750<sup>(3)</sup> | A | $10.00 | 628750<sup>(2)(3)</sup> | I | see footnote<sup>(2)</sup> |
| Class A Ordinary Shares | 2022-12-30 |  | J |  | 628750<sup>(4)</sup> | D | 0.00<sup>(4)</sup> | 0<sup>(2)</sup> | I | see footnote<sup>(2)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class B Ordinary Shares | <sup>(5)</sup> | 2021-04-19 |  | J<sup>(6)</sup> |  |  | 390625<sup>(6)</sup> | <sup>(5)</sup> | <sup>(5)</sup> | Class A Ordinary Shares | 390625<sup>(6)</sup> | $0.00 | 5254375<sup>(2)</sup> | I | see footnote<sup>(2)</sup> |

---

### Footnotes:

(1) As described in the issuer's registration statement on Form S-1 (File No. 333-253802) ("Form S-1"), the Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), were purchased in a private placement that occurred simultaneously with the closing of the issuer's initial public offering.

(2) The shares reported herein are directly owned by two sponsor, the sole member of which is A-Star Investments, LLC ("A-Star"). Kevin Hartz, as manager of AStar Family LLC, and Troy B. Steckenrider III are the managing members of A-Star. The Reporting Person is a member of A-Star. The managing members have voting and investment discretion with respect to the Class B ordinary shares held by two sponsor and, with the Reporting Person, may be deemed to have shared beneficial ownership of such securities. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

(3) On April 13, 2021, the underwriter partially exercised its over-allotment option and purchased an additional 1,437,500 Class A Ordinary Shares. In connection with the partial exercise of the over-allotment option, the Reporting Person purchased additional Class A Ordinary Shares in a private placement.

(4) The Reporting Person surrendered all Class A Ordinary Shares for no consideration.

(5) As described in the issuer's Form S-1 under the heading "Description of Securities-Founder Shares," the Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), of the issuer will automatically convert into Class A Ordinary Shares of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.

(6) In connection with the partial exercise of the underwriter's over-allotment option as described herein, the Reporting Person surrendered 390,625 Class B Ordinary Shares for no consideration.

**Signature:** /s/ Troy B. Steckenrider III, attorney-in-fact  
**Date:** 2023-01-04

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**