Garth Mitchell - Oct 1, 2021 Form 4 Insider Report for Latch, Inc. (LTCH)

Role
CFO & Treasurer
Signature
/s/ Priyen Patel, Attorney-in-fact
Stock symbol
LTCH
Transactions as of
Oct 1, 2021
Transactions value $
-$101,218
Form type
4
Date filed
10/5/2021, 09:38 PM
Previous filing
Sep 15, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTCH Common Stock Tax liability -$151K -13.5K -2.99% $11.21* 437K Oct 1, 2021 Direct F1
transaction LTCH Common Stock Options Exercise $49.6K +73K +16.71% $0.68 510K Oct 1, 2021 Direct

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
transaction LTCH Stock Option Options Exercise $0 -73K -26.09% $0.00 207K Oct 1, 2021 Common Stock 73K $0.68 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the vesting of 31,192 restricted stock units that were granted to the reporting person on September 13, 2021. No shares were sold by the reporting person to satisfy this tax liability.
F2 The stock option will vest in equal monthly installments until fully vested on February 18, 2023.