Latch CEO has 23,436 shares withheld for taxes

Latch, Inc. CEO David J Lillis reported a tax-withholding disposition of 23,436 shares of common stock on July 13, 2026.

Rhea-AI Filing Summary

Latch, Inc. CEO David J Lillis reported a tax-withholding disposition of 23,436 shares of common stock on July 13, 2026. The shares were withheld by the company to cover taxes on settlement of 80,682 restricted stock units granted on June 12, 2026, with no market sale, leaving him holding 686,927 shares directly.

Insider Trade Summary

Tax Withholding: 23,436 shares

Tax Withholding 1 txn

Insider Lillis David J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	23,436	$0.19	$4K

Holdings After Transaction: Common Stock — 686,927 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the settlement of 80,682 restricted stock units that were granted to the reporting person on June 12, 2026. No shares were sold by the reporting person to satisfy this tax liability.

Key Figures

Shares withheld for taxes: 23,436 shares Tax-withholding price per share: $0.1900 per share Shares held after transaction: 686,927 shares +1 more

4 metrics

Shares withheld for taxes 23,436 shares Common stock withheld on July 13, 2026 for tax-withholding disposition

Tax-withholding price per share $0.1900 per share Value used for the 23,436-share tax-withholding disposition

Shares held after transaction 686,927 shares Direct common stock holdings of David J Lillis following the July 13, 2026 transaction

Restricted stock units settled 80,682 units RSUs whose settlement triggered issuer share withholding for taxes

Key Terms

restricted stock units, net share settlement, tax liability

3 terms

restricted stock units financial

"settlement of 80,682 restricted stock units that were granted to the reporting person"

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.

net share settlement financial

"in connection with the reporting person's net share settlement to satisfy tax liability"

Net share settlement is a way of paying for financial transactions using only the difference in shares rather than exchanging full amounts of stock or cash. It’s like settling a debt by giving someone the exact number of shares needed to balance the books, making trades quicker and simpler. This method helps reduce the number of shares changing hands, saving time and costs.

tax liability financial

"to satisfy tax liability based upon the settlement of 80,682 restricted stock units"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Latch (LTCH) CEO David J Lillis report?

David J Lillis reported a tax-withholding disposition of 23,436 shares of Latch common stock on July 13, 2026. The shares were withheld by the company to satisfy tax obligations tied to the settlement of 80,682 restricted stock units and not sold on the market.

Was the Latch (LTCH) CEO’s Form 4 transaction an open-market sale?

No, it was not an open-market sale. The 23,436 shares shown were withheld by Latch, Inc. to cover tax liability from RSU settlement. The footnote states that no shares were sold by David J Lillis to satisfy this tax obligation.

How many restricted stock units settled for the Latch (LTCH) CEO, triggering tax withholding?

The transaction relates to the settlement of 80,682 restricted stock units granted to David J Lillis on June 12, 2026. When those RSUs settled, Latch withheld 23,436 shares to cover associated tax liability through a net share settlement mechanism.

How many Latch (LTCH) shares does CEO David J Lillis hold after this Form 4 transaction?

After the tax-withholding disposition, David J Lillis holds 686,927 shares of Latch common stock directly. This figure reflects his position following the July 13, 2026 withholding event and indicates he continues to retain a substantial equity stake.

What price per share was used for the Latch (LTCH) CEO’s tax-withholding shares?

The tax-withholding disposition used a value of $0.1900 per share for the 23,436 shares withheld. This price is used solely for reporting and tax-liability purposes and does not represent an open-market trade price in this context.

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

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Accepted by SEC EDGAR 07/15/2026 - 06:49 AM EDT 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)
07/13/2026

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	07/13/2026		F		23,436(1)	D	$0.19	686,927	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. Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the settlement of 80,682 restricted stock units that were granted to the reporting person on June 12, 2026. No shares were sold by the reporting person to satisfy this tax liability.

	/s/ Priyen Patel, Attorney-in-fact	07/15/2026
	** 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)