Andrew Sugrue - Jun 10, 2022 Form 4 Insider Report for Latch, Inc. (LTCH)

Role
Director
Signature
/s/ Priyen Patel, Attorney-in-fact
Stock symbol
LTCH
Transactions as of
Jun 10, 2022
Transactions value $
$0
Form type
4
Date filed
6/14/2022, 04:44 PM
Previous filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTCH Common Stock Award $0 +98.7K +264.83% $0.00 136K Jun 10, 2022 Direct F1
transaction LTCH Common Stock Award $0 +31.6K +23.23% $0.00 168K Jun 10, 2022 Direct F2
holding LTCH Common Stock 7.9M Jun 10, 2022 By Avenir Latch Investors, LLC F3
holding LTCH Common Stock 6.98M Jun 10, 2022 By Avenir Latch Investors II, LLC F3
holding LTCH Common Stock 6.55M Jun 10, 2022 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 June 10, 2022. 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 June 10, 2023 or immediately prior to the election of the nominees for director at the 2023 annual meeting of stockholders of the Issuer.
F2 Represents RSUs granted to the reporting person on June 10, 2022 that such reporting person elected to receive in place of an annual cash retainer for service on the Issuer's board of directors. The RSUs vest in equal installments on July 1, 2022, October 1, 2022, January 1, 2023 and April 1, 2023.
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.