Patel Priyen N 4
4 · Latch, Inc. · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Latch (LTCH) Priyen N. Patel Withholds 3,447 Shares for Taxes
What Happened
Priyen N. Patel, Chief Strategy & Legal Officer of Latch, Inc. (LTCH), had 3,447 shares withheld by the issuer on June 3, 2026 to satisfy tax withholding obligations. The shares were withheld at an effective price of $0.14 per share, representing $483 in tax liability. This was a withholding related to the net share settlement of 11,667 restricted stock units (RSUs) granted to Patel on August 5, 2022 — not an open-market sale.
Key Details
- Transaction date: 2026-06-03; filing date: 2026-06-05 (timely, within required reporting window).
- Withheld shares: 3,447 at $0.14 per share; total value withheld ≈ $483.
- Reason: Tax withholding for net share settlement of 11,667 RSUs granted Aug 5, 2022. No shares were sold by the reporting person to satisfy the tax liability. (Footnote F1)
- Shares owned after the transaction: not specified in the provided filing details.
Context
This is a routine tax-withholding event (transaction code F) tied to RSU settlement rather than a discretionary sale or purchase. Such withholdings are common when RSUs vest and generally do not signal a change in insider sentiment about the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-06-03$0.14/sh−3,447$483→ 387,730 total
Footnotes (1)
- [F1]Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability based upon the settlement of 11,667 restricted stock units that were granted to the reporting person on August 5, 2022. No shares were sold by the reporting person to satisfy this tax liability.