Latch awards 1.5M RSUs to strategy chief Patel

Rhea-AI Filing Summary

Latch, Inc. (LTCH) reported that Chief Strategy & Legal Officer Priyen N. Patel received an equity compensation grant and related tax withholding transactions. On August 24, 2026, he was granted 1,500,000 restricted stock units (RSUs), each representing one share of common stock upon vesting. The RSUs vest in twelve substantially equal quarterly installments over three years, starting March 31, 2026, subject to his continued service. On the same date, 36,676 shares of common stock at $0.15 per share were withheld by Latch to satisfy tax withholding obligations related to RSU vesting and settlement.

Insider Trade Summary

Net Buyer: 1,463,324 shares

Net Buy 2 txns

Insider Patel Priyen N

Role Chief Strategy & Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,500,000	$0.00	$0.00
Tax Withholding	Common Stock F2	36,676	$0.15	$6K

Holdings After Transaction: Common Stock — 1,839,387 shares (Direct)

Footnotes (2)

1. F1. The Reporting Person was granted 1,500,000 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs vest in twelve substantially equal quarterly installments over a three-year period, with a vesting commencement date of March 31, 2026 and quarterly vesting thereafter, subject to the Reporting Person's continued service through each applicable vesting date. The grant was approved on August 24, 2026.
2. F2. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.

Key Figures

RSUs granted: 1,500,000 RSUs RSU vesting installments: 12 quarterly installments Shares withheld for taxes: 36,676 shares +2 more

5 metrics

RSUs granted 1,500,000 RSUs Equity award to Chief Strategy & Legal Officer granted on August 24, 2026

RSU vesting installments 12 quarterly installments Vesting over three years starting March 31, 2026, subject to continued service

Shares withheld for taxes 36,676 shares Shares withheld to satisfy tax withholding obligations in connection with RSU vesting and settlement

Tax withholding price per share $0.15 per share Price used for shares withheld under transaction code F

Vesting commencement date March 31, 2026 Start of twelve substantially equal quarterly vesting installments for RSUs

Key Terms

restricted stock units, vesting, tax withholding obligations, transaction code F

4 terms

restricted stock units financial

"The Reporting Person was granted 1,500,000 restricted stock units ("RSUs")."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting financial

"The RSUs vest in twelve substantially equal quarterly installments over a three-year period"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

tax withholding obligations financial

"Represents shares withheld by the Issuer to satisfy tax withholding obligations"

transaction code F financial

"classified under transaction code F"

FAQ

What equity award did LTCH grant to Priyen N. Patel on August 24, 2026?

On August 24, 2026, Latch granted Priyen N. Patel 1,500,000 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Latch common stock upon vesting, subject to continued service through each vesting date.

How do the new RSUs for LTCH’s Priyen N. Patel vest?

The 1,500,000 RSUs granted to Priyen N. Patel vest in twelve substantially equal quarterly installments over a three-year period, beginning on March 31, 2026, with quarterly vesting thereafter, subject to his continued service.

What does the tax withholding transaction reported by LTCH involve?

Latch reported that 36,676 shares of common stock at $0.15 per share were withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs, classified under transaction code F.

Is the RSU grant to LTCH executive Priyen N. Patel a market purchase or sale?

No. The 1,500,000 RSUs are a grant/award of equity compensation, reported under transaction code A. They are not a market purchase or sale but vest into shares over time, subject to continued service.

When did the board approve the LTCH RSU grant to Priyen N. Patel?

The grant of 1,500,000 RSUs to Priyen N. Patel was approved on August 24, 2026, with vesting commencing on March 31, 2026 and continuing quarterly thereafter, subject to his continued service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/26/2026 - 06:28 PM Accepted by SEC EDGAR 08/26/2026 - 06:27 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Patel Priyen N

(Last) (First) (Middle)

C/O LATCH, INC.

1220 N PRICE RD, SUITE 2

(Street)

OLIVETTE MISSOURI 63132

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Latch, Inc. [ LTCH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Strategy & Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/24/2026		A		1,500,000(1)	A	$0.00	1,876,063	D
Common Stock	08/24/2026		F		36,676(2)	D	$0.15	1,839,387	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person was granted 1,500,000 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs vest in twelve substantially equal quarterly installments over a three-year period, with a vesting commencement date of March 31, 2026 and quarterly vesting thereafter, subject to the Reporting Person's continued service through each applicable vesting date. The grant was approved on August 24, 2026.

2. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.

	/s/ Priyen Patel	08/26/2026
	** Signature of Reporting Person	Date
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.
* Form 4: SEC 1474 (03-26)