Latch (LTCH) officer holds 387,730 shares after RSU tax withholding

Rhea-AI Filing Summary

Latch, Inc. Chief Strategy & Legal Officer Priyen N. Patel reported a routine tax-related share withholding. When 11,667 restricted stock units granted on August 5, 2022 settled, the company withheld 3,447 shares of Common Stock at $0.14 per share to satisfy his tax liability. No shares were sold on the market, and Patel now holds 387,730 shares directly after this transaction.

Insider Trade Summary 10b5-1

1 transaction reported

Mixed 1 txn

Insider Patel Priyen N

Role Chief Strategy & Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,447	$0.14	$482.58

Holdings After Transaction: Common Stock — 387,730 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 3,447 shares RSUs settled: 11,667 restricted stock units Shares held after transaction: 387,730 shares +1 more

4 metrics

Shares withheld for taxes 3,447 shares Withheld at $0.14 per share to satisfy tax liability

RSUs settled 11,667 restricted stock units RSUs granted on August 5, 2022 and later settled

Shares held after transaction 387,730 shares Direct ownership following tax-withholding disposition

Implied withholding price $0.14 per share Value used for tax-withholding disposition of 3,447 shares

Key Terms

restricted stock units, net share settlement, tax liability, Common Stock

4 terms

restricted stock units financial

"settlement of 11,667 restricted stock units that were granted to the reporting person on August 5, 2022"

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

"net share settlement to satisfy tax liability based upon the settlement of 11,667 restricted stock units"

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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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).

X

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^*

Patel Priyen N

(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 Strategy & Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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	06/03/2026		F		3,447	D(1)	$0.14	387,730	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 11,667 restricted stock units that were granted to the reporting person on August 5, 2022. No shares were sold by the reporting person to satisfy this tax liability.

	/s/ Priyen Patel	06/05/2026
	** 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) disclose about Priyen Patel’s latest share transaction?

Latch reported a routine tax-related share withholding for executive Priyen N. Patel. When 11,667 restricted stock units settled, the company withheld shares to cover taxes rather than selling any shares in the open market.

How many Latch (LTCH) shares were withheld for Priyen Patel’s taxes?

The company withheld 3,447 shares of Latch Common Stock to satisfy Priyen Patel’s tax liability. These shares were valued at $0.14 per share and were taken from shares deliverable upon settlement of restricted stock units.

Did Latch (LTCH) officer Priyen Patel sell any shares in this Form 4 filing?

No, Priyen Patel did not sell any shares in this transaction. The filing states the shares were withheld by Latch to satisfy tax obligations arising from restricted stock unit settlement, with no shares sold by Patel to pay these taxes.

What RSU grant is referenced in Latch (LTCH) executive Priyen Patel’s Form 4?

The transaction relates to 11,667 restricted stock units granted to Priyen Patel on August 5, 2022. When these RSUs settled, Latch withheld a portion of the resulting shares to cover his tax liability under a net share settlement arrangement.

How many Latch (LTCH) shares does Priyen Patel hold after the tax withholding?

Following the tax withholding transaction, Priyen Patel directly holds 387,730 shares of Latch Common Stock. This figure reflects his ownership after 3,447 shares were withheld by the company to satisfy taxes from the RSU settlement.

What does transaction code F mean in Latch (LTCH) officer’s Form 4?

Code F indicates shares were disposed of to pay an exercise price or tax liability. In this case, it represents shares withheld by Latch to cover Priyen Patel’s tax obligations from RSU settlement, not an open-market sale by the executive.