Latch (LTCH) CRO discloses 400,000 option shares in amended Form 3
Rhea-AI Filing Summary
Latch, Inc. filed an amended Form 3 for Chief Revenue Officer James M. Malone to include a previously omitted stock option. The amendment adds disclosure of a stock option granted on February 5, 2025, covering 400,000 shares of underlying Common Stock at an exercise price of $0.17 per share.
The option expires on February 5, 2035 and will vest one-third on the first anniversary of the grant date, then in equal quarterly installments until the third anniversary. The amendment states that no other changes were made to information previously reported, and there is no new buy or sell transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Malone James M
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
Holdings After Transaction:
Stock Option — 400,000 shares (Direct)
Footnotes (1)
- The stock option was granted on February 5, 2025. The stock option will vest 1/3 on the first anniversary of the grant date and in equal quarterly installments thereafter until the third anniversary. This Form 3/A amends the Form 3 originally filed on April 17, 2026. The amendment is being filed solely to include 400,000 shares of Common Stock underlying a stock option granted on February 5, 2025, which were inadvertently omitted from the original filing. No other changes have been made to information previously reported.
Key Figures
Underlying option shares: 400,000 shares
Exercise price: $0.17 per share
Option expiration: February 5, 2035
+1 more
4 metrics
Underlying option shares
400,000 shares
Common Stock underlying stock option granted February 5, 2025
Exercise price
$0.17 per share
Exercise price of stock option granted February 5, 2025
Option expiration
February 5, 2035
Expiration date of Malone’s stock option
Post-report option position
400,000 options
Total stock options reported as direct holdings after amendment
Key Terms
Stock Option, vest, Form 3/A, underlying Common Stock
4 terms
Stock Option financial
"The stock option was granted on February 5, 2025."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
vest financial
"The stock option will vest 1/3 on the first anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 3/A regulatory
"This Form 3/A amends the Form 3 originally filed on April 17, 2026."
An amended Form 3 (Form 3/A) is a corrected or updated disclosure filed with regulators that revises an insider’s initial report of their ownership in a public company — typically for officers, directors or large shareholders. Investors use it like a corrected inventory list: it clarifies who owns how many shares and whether earlier reports had errors, helping assess insider confidence, possible conflicts and the accuracy of ownership records that can affect stock valuation and trust.
underlying Common Stock financial
"include 400,000 shares of Common Stock underlying a stock option granted"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Latch (LTCH) disclose in James Malone’s amended Form 3?
Latch reported an amended Form 3 for Chief Revenue Officer James M. Malone. It adds a stock option for 400,000 shares of Common Stock granted February 5, 2025 at a $0.17 exercise price, which had been omitted from the original filing.
What is the vesting schedule of James Malone’s Latch (LTCH) stock option?
The option vests one-third on the first anniversary of the February 5, 2025 grant date. The remaining two-thirds vest in equal quarterly installments until the third anniversary, creating a three-year vesting period tied to continued service.
When does James Malone’s Latch (LTCH) stock option expire?
The stock option for James M. Malone expires on February 5, 2035. This gives a long-dated window during which vested portions can be exercised at the fixed $0.17 per-share exercise price, subject to standard plan and employment conditions.
Why did Latch (LTCH) file an amendment to James Malone’s Form 3?
The amendment was filed solely to add 400,000 shares underlying a stock option granted February 5, 2025. Those option shares were inadvertently omitted from the original Form 3, and the company states no other previously reported information was changed.