J. Allen Smith - 10 Jun 2022 Form 4 Insider Report for Latch, Inc. (LTCH)

Role
Director
Signature
/s/ Priyen Patel, Attorney-in-fact
Issuer symbol
LTCH
Transactions as of
10 Jun 2022
Net transactions value
$0
Form type
4
Filing time
14 Jun 2022, 16:46:03 UTC
Previous filing
24 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTCH Common Stock Award $0 +98,684 +65% $0.000000 250,124 10 Jun 2022 Direct F1
transaction LTCH Common Stock Award $0 +35,526 +14% $0.000000 285,650 10 Jun 2022 Direct F2
* 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.