4//SEC Filing
Schoenfelder Luke 4
Accession 0000899243-21-022609
CIK 0001826000other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 7:11 PM ET
Size
10.0 KB
Accession
0000899243-21-022609
Insider Transaction Report
Form 4
Latch, Inc.LTCH
Schoenfelder Luke
DirectorChief Executive Officer
Transactions
- Award
Stock Option
2021-06-04+1,795,003→ 1,795,003 totalExercise: $0.23Exp: 2026-05-11→ Common Stock (1,795,003 underlying) - Award
Stock Option
2021-06-04+3,128,391→ 3,128,391 totalExercise: $0.68Exp: 2028-11-06→ Common Stock (3,128,391 underlying) - Award
Common Stock
2021-06-04+1,175,907→ 1,175,907 total
Footnotes (3)
- [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 fully vested.
- [F3]The stock option is currently vested and exercisable as to 2,150,768 of the underlying shares, and the remaining shares will vest in equal monthly installments until fully vested on August 9, 2022.
Documents
Issuer
Latch, Inc.
CIK 0001826000
Entity typeother
Related Parties
1- filerCIK 0001865761
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 7:11 PM ET
- Size
- 10.0 KB