Latch (LTCH) grants CEO 3M RSUs, withholds 72K shares for taxes

Rhea-AI Filing Summary

Latch, Inc. (LTCH) reported that its Chief Executive Officer, David J. Lillis, received a grant of 3,000,000 restricted stock units (RSUs) on August 24, 2026. Each RSU represents one share of common stock and vests in twelve substantially equal quarterly installments over three years, beginning March 31, 2026, subject to his continued service. On the same date, 72,629 shares of common stock were withheld by Latch at $0.15 per share to satisfy tax withholding obligations related to RSU vesting and settlement.

Insider Trade Summary

Net Buyer: 2,927,371 shares

Net Buy 2 txns

Insider Lillis David J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	3,000,000	$0.00	$0.00
Tax Withholding	Common Stock F2	72,629	$0.15	$11K

Holdings After Transaction: Common Stock — 3,614,298 shares (Direct)

Footnotes (2)

1. F1. The Reporting Person was granted 3,000,000 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: 3,000,000 RSUs RSU vesting schedule: 12 quarterly installments over three years Shares withheld for taxes: 72,629 shares +1 more

4 metrics

RSUs granted 3,000,000 RSUs Restricted stock units granted to CEO David J. Lillis on August 24, 2026

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

Shares withheld for taxes 72,629 shares Common shares withheld to satisfy tax withholding on RSU vesting

Tax withholding price per share $0.15 per share Price used for 72,629 shares withheld for tax obligations

Key Terms

restricted stock units, vesting, tax withholding obligations

3 terms

restricted stock units financial

"The Reporting Person was granted 3,000,000 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"

FAQ

What equity award did LTCH grant to CEO David J. Lillis?

LTCH granted David J. Lillis 3,000,000 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Latch common stock, subject to vesting conditions tied to his continued service over a three-year period.

How do the 3,000,000 RSUs granted by LTCH to its CEO vest?

The 3,000,000 RSUs vest in twelve substantially equal quarterly installments over three years, with vesting commencing on March 31, 2026 and continuing quarterly thereafter, subject to David J. Lillis’s continued service through each vesting date.

Did Latch, Inc. (LTCH) withhold shares for taxes related to the CEO’s RSUs?

Yes. Latch withheld 72,629 shares of common stock at $0.15 per share to satisfy tax withholding obligations arising from the vesting and settlement of RSUs held by David J. Lillis.

Was the LTCH CEO’s RSU grant approved on a specific date?

Yes. The grant of 3,000,000 RSUs to CEO David J. Lillis was approved on August 24, 2026, with vesting scheduled to begin on March 31, 2026 and continue quarterly over three years.

Does the Form 4 for LTCH indicate any open-market stock purchases or sales by the CEO?

No. The Form 4 reports a grant of RSUs and shares withheld for tax obligations related to RSU vesting. It does not report any open-market purchases or sales by David J. Lillis.

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Available on EDGAR 08/26/2026 - 06:32 PM Accepted by SEC EDGAR 08/26/2026 - 06:32 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^*

Lillis David J

(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 Executive 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		3,000,000(1)	A	$0.00	3,686,927	D
Common Stock	08/24/2026		F		72,629(2)	D	$0.15	3,614,298	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 3,000,000 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, Attorney-in-fact	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)