Latch (LTCH) CEO awarded 968,179 RSUs as 257,816 shares withheld for tax

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Latch, Inc. reported that Chief Executive Officer David J. Lillis received a grant of 968,179 restricted stock units (RSUs) approved on June 12, 2026 under his Amended and Restated Employment Agreement. Each RSU represents a right to one share of common stock upon vesting.

The RSUs vest over three years starting July 13, 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, 257,816 common shares valued at $0.20 per share were withheld by Latch to cover tax obligations from RSU vesting, leaving Lillis with 710,363 common shares held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lillis David J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	968,179	$0.00	--
Tax Withholding	Common Stock	257,816	$0.20	$52K

Holdings After Transaction: Common Stock — 968,179 shares (Direct, null)

Footnotes (1)

The Reporting Person was granted 968,179 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 July 13, 2023. One-third of the RSUs vest on the first anniversary of July 13, 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: 968,179 RSUs RSU vesting period: 3 years Initial vesting tranche: One-third of 968,179 RSUs +3 more

6 metrics

RSU grant 968,179 RSUs Granted to CEO, approved June 12, 2026

RSU vesting period 3 years Vesting commences on July 13, 2023

Initial vesting tranche One-third of 968,179 RSUs Vests on first anniversary of July 13, 2023

Tax withholding shares 257,816 shares Common stock withheld to satisfy tax obligations

Tax withholding price $0.20 per share Value used for shares withheld

Shares held after withholding 710,363 shares CEO direct common stock holdings after tax withholding

Key Terms

restricted stock units ("RSUs"), Amended and Restated Employment Agreement, Rule 16b-3

3 terms

restricted stock units ("RSUs") financial

"The Reporting Person was granted 968,179 restricted stock units ("RSUs") pursuant to the Reporting Person's Amended and Restated Employment Agreement."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Amended and Restated Employment Agreement financial

"The Reporting Person was granted 968,179 restricted stock units ("RSUs") pursuant to the Reporting Person's Amended and Restated Employment Agreement."

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 →

06/16/2026 - 11:42 AM

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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/12/2026		A		968,179⁽¹⁾	A	$0.00	968,179	D
Common Stock	06/12/2026		F		257,816⁽²⁾	D	$0.2	710,363	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The Reporting Person was granted 968,179 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 July 13, 2023. One-third of the RSUs vest on the first anniversary of July 13, 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Latch (LTCH) disclose for CEO David J. Lillis?

Latch disclosed that CEO David J. Lillis received 968,179 restricted stock units and had 257,816 common shares withheld to satisfy tax obligations from RSU vesting. After the tax withholding, he directly held 710,363 shares of Latch common stock.

How many restricted stock units did the Latch (LTCH) CEO receive and when were they approved?

CEO David J. Lillis was granted 968,179 restricted stock units, approved on June 12, 2026. The grant was made under his Amended and Restated Employment Agreement and each RSU represents a contingent right to receive one share of Latch common stock upon vesting.

What is the vesting schedule for the 968,179 RSUs granted to the Latch (LTCH) CEO?

The 968,179 RSUs vest over three years starting July 13, 2023. One-third vests on the first anniversary of July 13, 2023, and the remaining RSUs vest in substantially equal quarterly installments over the next two years, contingent on continued service.

Why were 257,816 Latch (LTCH) shares withheld from CEO David J. Lillis?

Latch withheld 257,816 common shares from CEO David J. Lillis to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units. This disposition was reported at $0.20 per share and occurred pursuant to Rule 16b-3.

How many Latch (LTCH) shares does the CEO hold after the reported tax withholding?

Following the tax withholding transaction, CEO David J. Lillis directly held 710,363 shares of Latch common stock. This figure reflects shares remaining after 257,816 shares were withheld by the company to cover RSU-related tax obligations.

Are the new Latch (LTCH) RSUs immediately transferable shares for the CEO?

The 968,179 RSUs are not immediately transferable shares; each RSU represents a contingent right to one share of common stock. Shares are delivered only as RSUs vest over the three-year schedule tied to continued service by CEO David J. Lillis.