{"transactions":[{"id":4634181,"issuer":{"id":5917,"kind":"organization","name":"Launch Two Acquisition Corp."},"owners":[{"id":86962,"kind":"organization","name":"Launch Two Sponsor LLC","position":1,"cik":"0002030659","reported_name":"Launch Two Sponsor LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":71088,"kind":"person","name":"Gilbert Ryan Mark","position":2,"cik":"0001821098","reported_name":"Gilbert Ryan Mark","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class B ordinary shares","published_at":"2026-10-02T16:30:31.000Z","date":"2026-09-30","kind":"exercise","planned":false,"acquired":false,"shares":5749999,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"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."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"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."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F1","text":"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."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"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."}],"balance_after":1,"derivative":{"underlying":"Class A ordinary shares","underlying_shares":5749999},"source":{"system":"sec-edgar","filing":"0001213900-26-106105","document":"ownership.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/2030659/000121390026106105/ownership.xml","form_type":"4"}},{"id":4634180,"issuer":{"id":5917,"kind":"organization","name":"Launch Two Acquisition Corp."},"owners":[{"id":86962,"kind":"organization","name":"Launch Two Sponsor LLC","position":1,"cik":"0002030659","reported_name":"Launch Two Sponsor LLC","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":71088,"kind":"person","name":"Gilbert Ryan Mark","position":2,"cik":"0001821098","reported_name":"Gilbert Ryan Mark","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A ordinary shares","published_at":"2026-10-02T16:30:31.000Z","date":"2026-09-30","kind":"exercise","planned":false,"acquired":true,"shares":5749999,"ownership":{"direct":true},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"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."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"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."}],"balance_after":5749999,"source":{"system":"sec-edgar","filing":"0001213900-26-106105","document":"ownership.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/2030659/000121390026106105/ownership.xml","form_type":"4"}}]}