Junji Nakamura - Mar 28, 2022 Form 3 Insider Report for Latch, Inc. (LTCH)

Role: Chief Accounting Officer
Signature: /s/ Priyen Patel
Stock symbol: LTCH
Transactions as of: Mar 28, 2022
Transactions value $: $0
Form type: 3
Date filed: 4/5/2022, 09:49 PM
Next filing: Apr 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LTCH	Common Stock						153K	Mar 28, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LTCH	Stock Option							Mar 28, 2022	Common Stock	35K	$1.01	Direct	F2
holding	LTCH	Stock Option							Mar 28, 2022	Common Stock	35.9K	$3.92	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (i) 37,907 restricted stock units ("RSUs") granted to the reporting person on August 9, 2021 that remained unvested as of March 28, 2022, and which vest quarterly in 12 equal installments over a three-year period with an initial vesting date of October 1, 2021; and (ii) 78,585 RSUs granted to the reporting person on February 22, 2022, which vest quarterly in 12 equal installments over a three-year period with an initial vesting date of April 1, 2022.
F2	The stock option vests in equal monthly installments until fully vested on April 7, 2024.
F3	As of March 28, 2022, the stock option was vested and exercisable as to 10,466 of the underlying shares, and the remaining shares will vest in equal monthly installments until fully vested on January 1, 2025.