Latch (LTCH) CFO awarded 130,000 RSUs as tax-withholding reduces direct share count

Rhea-AI Filing Summary

Latch, Inc. Chief Financial Officer Jeffrey M. Mayfield reported routine equity compensation activity involving company common stock. On June 12, 2026, he was granted 130,000 restricted stock units (RSUs) under his amended and restated employment agreement. Each RSU represents a contingent right to receive one share of common stock upon vesting.

The RSUs vest over three years starting on September 5, 2023, with one-third vesting on the first anniversary and the remainder in substantially equal quarterly installments over the following two years, subject to continued service. On the same date, 34,618 shares of common stock were withheld at $0.20 per share to satisfy tax withholding obligations arising from RSU vesting. After the tax-withholding disposition, Mayfield directly owns 95,382 shares of common stock, and this Form 4 shows no derivative positions remaining.

Insights

Equity compensation analyst

Form 4 shows routine RSU grant and tax withholding, not open-market trading.

CFO Jeffrey M. Mayfield received 130,000 RSUs approved on June 12, 2026, vesting over three years from September 5, 2023. This is standard long-term incentive compensation tied to continued service, with each RSU settling into one share of common stock at vesting.

The 34,618 shares disposed at $0.20 per share were withheld by Latch, Inc. to cover tax obligations from RSU vesting under Rule 16b-3, not an open-market sale. Following this, Mayfield directly holds 95,382 shares of common stock. The filing indicates no remaining derivative positions, reinforcing that these are primarily administrative, compensation-related movements with neutral informational value.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Mayfield Jeffrey M

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	130,000	$0.00	--
Tax Withholding	Common Stock	34,618	$0.20	$7K

Holdings After Transaction: Common Stock — 130,000 shares (Direct, null)

Footnotes (1)

1. The Reporting Person was granted 130,000 restricted stock units ("RSUs") pursuant to the Reporting Person's Amended and Restated Employment Agreement. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs vest over a three-year period commencing on September 5, 2023. One-third of the RSUs vest on the first anniversary of September 5, 2023, and the remaining RSUs vest in substantially equal quarterly installments thereafter over the following two years, subject to the Reporting Person's continued service through each applicable vesting date. The grant was approved on June 12, 2026. Represents shares withheld by the Issuer to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units pursuant to Rule 16b-3.

Key Figures

RSU grant size: 130,000 RSUs Tax-withheld shares: 34,618 shares Withholding price: $0.20 per share +3 more

6 metrics

RSU grant size 130,000 RSUs Granted to CFO; approved June 12, 2026

Tax-withheld shares 34,618 shares Withheld to satisfy tax obligations from RSU vesting

Withholding price $0.20 per share Value used for tax-withholding disposition

Direct holdings after disposition 95,382 shares CFO’s direct common stock ownership after tax withholding

Vesting period 3 years RSUs vest over three years from September 5, 2023

Initial vesting One-third of RSUs Vests on first anniversary of September 5, 2023

Key Terms

restricted stock units, RSUs, vesting, tax withholding obligations, +1 more

5 terms

restricted stock units financial

"The Reporting Person was granted 130,000 restricted stock units ("RSUs") pursuant to the Reporting Person's Amended and Restated Employment Agreement."

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.

RSUs financial

"Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

vesting financial

"The RSUs vest over a three-year period commencing on September 5, 2023."

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 arising from the vesting and settlement of restricted stock units pursuant to Rule 16b-3."

Rule 16b-3 regulatory

"Represents shares withheld by the Issuer to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units pursuant to Rule 16b-3."

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Mayfield Jeffrey M

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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	06/12/2026		A		130,000(1)	A	$0.00	130,000	D
Common Stock	06/12/2026		F		34,618(2)	D	$0.2	95,382	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 130,000 restricted stock units ("RSUs") pursuant to the Reporting Person's Amended and Restated Employment Agreement. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs vest over a three-year period commencing on September 5, 2023. One-third of the RSUs vest on the first anniversary of September 5, 2023, and the remaining RSUs vest in substantially equal quarterly installments thereafter over the following two years, subject to the Reporting Person's continued service through each applicable vesting date. The grant was approved on June 12, 2026.

2. Represents shares withheld by the Issuer to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units pursuant to Rule 16b-3.

	/s/ Priyen Patel, Attorney-in-fact	06/16/2026
	** 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)

FAQ

What did Latch (LTCH) CFO Jeffrey Mayfield report in this Form 4?

CFO Jeffrey Mayfield reported a grant of 130,000 restricted stock units and a tax-withholding share disposition. The disposition covered taxes on RSU vesting and did not involve an open-market stock sale.

How many RSUs were granted to the Latch (LTCH) CFO and how do they vest?

Jeffrey Mayfield was granted 130,000 RSUs approved on June 12, 2026. They vest over three years from September 5, 2023: one-third on the first anniversary, then substantially equal quarterly installments over the next two years.

Did the Latch (LTCH) CFO sell shares on the open market in this Form 4?

No open-market sale occurred. The 34,618 shares reported as a disposition were withheld by the issuer at $0.20 per share solely to satisfy tax withholding obligations from RSU vesting under Rule 16b-3.

How many Latch (LTCH) shares does the CFO hold after these transactions?

After the tax-withholding disposition of 34,618 shares, CFO Jeffrey Mayfield directly owns 95,382 shares of Latch common stock. He also holds a grant of 130,000 RSUs that will settle into shares as they vest over time.

What is the significance of Rule 16b-3 in the Latch (LTCH) Form 4 filing?

Rule 16b-3 governs insider transactions involving equity compensation. The filing states shares were withheld under Rule 16b-3 to cover taxes from RSU vesting, emphasizing the disposition is an administrative tax event, not discretionary trading activity.

When did Latch (LTCH) approve the CFO’s 130,000 RSU grant?

The RSU grant of 130,000 units to CFO Jeffrey Mayfield was approved on June 12, 2026. The grant is made pursuant to his Amended and Restated Employment Agreement and vests over a three-year schedule starting September 5, 2023.