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Latch (LTCH) grants 500,000 RSUs to Chief Product & Technology Officer

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Latch, Inc. Chief Product & Technology Officer Ryan D. Salmons received a grant of 500,000 restricted stock units under his amended and restated employment agreement. Each RSU represents one share of common stock upon vesting.

The RSUs vest over three years starting on December 31, 2024: one-third on the first anniversary and the rest in substantially equal quarterly installments over the following two years, subject to continued service. On the same date, 59,895 shares of common stock were withheld at $0.20 per share to satisfy tax obligations from RSU vesting, a non–open-market disposition.

Positive

  • None.

Negative

  • None.
Insider Salmons Ryan D
Role Chief Prod. & Tech. Officer
Type Security Shares Price Value
Grant/Award Common Stock 500,000 $0.00 --
Tax Withholding Common Stock 59,895 $0.20 $12K
Holdings After Transaction: Common Stock — 500,000 shares (Direct, null)
Footnotes (1)
  1. The Reporting Person was granted 500,000 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 December 31, 2024. One-third of the RSUs vest on the first anniversary of December 31, 2024, 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.
RSU grant size 500,000 RSUs Granted to Chief Product & Technology Officer on June 12, 2026
Tax-withheld shares 59,895 shares Shares withheld to satisfy RSU tax obligations
Withholding price $0.20 per share Value used for tax-withholding disposition
Shares held after withholding 440,105 shares Common stock directly held after tax-withholding disposition
RSU vesting start date December 31, 2024 Commencement of three-year RSU vesting schedule
restricted stock units financial
"The Reporting Person was granted 500,000 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.
Amended and Restated Employment Agreement financial
"The Reporting Person was granted 500,000 restricted stock units ("RSUs") pursuant to the Reporting Person's Amended and Restated Employment Agreement."
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 4UNITED 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*
Salmons Ryan D
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Prod. & Tech. 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/12/2026A500,000(1)A$0.00500,000D
Common Stock06/12/2026F59,895(2)D$0.2440,105D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The Reporting Person was granted 500,000 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 December 31, 2024. One-third of the RSUs vest on the first anniversary of December 31, 2024, 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-fact06/16/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Latch (LTCH) disclose about Ryan D. Salmons’ new equity grant?

Latch granted Chief Product & Technology Officer Ryan D. Salmons 500,000 restricted stock units (RSUs). Each RSU can convert into one share of common stock upon vesting, reflecting a significant component of his long-term, equity-based compensation package tied to continued service.

How do the 500,000 RSUs granted to Latch (LTCH) executive Ryan Salmons vest?

The 500,000 RSUs vest over three years starting December 31, 2024. One-third vests on the first anniversary of that date, with the remaining units vesting in substantially equal quarterly installments over the next two years, conditioned on his continued service.

Why were 59,895 Latch (LTCH) shares disposed of in Ryan Salmons’ Form 4?

The 59,895 shares were withheld by Latch to cover tax withholding obligations from the vesting and settlement of RSUs. This tax-withholding disposition at $0.20 per share is not an open-market sale and does not reflect a discretionary stock trade.

What role does Rule 16b-3 play in the Latch (LTCH) insider transactions?

The tax-withholding share disposition was executed pursuant to Rule 16b-3. This SEC rule provides an exemption for certain insider transactions, including issuer-directed tax withholding related to equity compensation, helping ensure these routine events are treated differently from open-market trading activity.

Is the Latch (LTCH) RSU grant to Ryan Salmons tied to his employment agreement?

Yes. The 500,000 RSUs were granted under Salmons’ Amended and Restated Employment Agreement. This links his long-term compensation to company performance and retention, with vesting dependent on his continued service through specified future vesting dates.