Andrew Sugrue - Aug 20, 2021 Form 4 Insider Report for Latch, Inc. (LTCH)

Role
Director
Signature
/s/ Priyen Patel, Attorney-in-fact
Stock symbol
LTCH
Transactions as of
Aug 20, 2021
Transactions value $
$0
Form type
4
Date filed
8/24/2021, 06:35 PM
Previous filing
Jun 8, 2021
Next filing
Jun 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTCH Common Stock Award $0 +32.5K $0.00 32.5K Aug 20, 2021 Direct F1
transaction LTCH Common Stock Award $0 +4.8K +14.77% $0.00 37.3K Aug 20, 2021 Direct F2
holding LTCH Common Stock 7.9M Aug 20, 2021 By Avenir Latch Investors, LLC F3
holding LTCH Common Stock 6.98M Aug 20, 2021 By Avenir Latch Investors II, LLC F3
holding LTCH Common Stock 6.55M Aug 20, 2021 By Avenir Latch Investors III, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted to the reporting person on August 20, 2021. All of such RSUs will vest, and an equal number of shares of common stock will be deliverable to the reporting person, on the earlier of August 20, 2022 or immediately prior to the election of the nominees for director at the 2022 annual meeting of stockholders of the Issuer.
F2 Represents RSUs granted to the reporting person on August 20, 2021 that such reporting person elected to receive in place of an annual cash retainer for service on the Issuer's board of directors beginning June 4, 2021. One-fourth of such RSUs were vested, and an equal number of shares of common stock were delivered to the reporting person, upon issuance, and the remaining three-fourths vest in equal installments on October 1, 2021, January 1, 2022 and April 1, 2022.
F3 Avenir Management Company, LLC is the manager of each of Avenir Latch Investors, LLC, Avenir Latch Investors II, LLC and Avenir Latch Investors III, LLC. Avenir Management Company, LLC is controlled by an investment committee comprised of Andrew Sugrue and James M. Reynolds, IV. As a result, each of Avenir Management Company, LLC and Messrs. Sugrue and Reynolds may be deemed to share beneficial ownership over the securities reported herein. Each of Messrs. Sugrue and Reynolds disclaims any such beneficial ownership except to the extent of their pecuniary interests therein.