Hussain Ali 4
4 · Latch, Inc. · Filed Jun 8, 2021
Insider Transaction Report
Form 4
Latch, Inc.LTCH
Hussain Ali
Chief Operating Officer
Transactions
- Award
Stock Option
2021-06-04+592,460→ 592,460 totalExercise: $0.68Exp: 2028-11-06→ Common Stock (592,460 underlying) - Award
Common Stock
2021-06-04+405,909→ 405,909 total
Footnotes (2)
- [F1]Pursuant to the business combination of TS Innovation Acquisitions Corp. and Latch, Inc. ("Legacy Latch"), each share of Legacy Latch outstanding common and preferred stock and each outstanding convertible note was automatically converted into the right to receive shares of the Issuer's Common Stock based on a 1-to-0.8971 conversion ratio (the "Conversion Ratio"). In addition, each outstanding Legacy Latch equity award was automatically converted into a corresponding equity award of the Issuer based on the Conversion Ratio and with the same terms and vesting conditions as the Legacy Latch equity awards.
- [F2]The stock option is currently vested and exercisable as to 361,359 of the underlying shares, and the remaining shares will vest in equal monthly installments until fully vested on August 9, 2022.