Salmons Ryan D 4
4 · Latch, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Latch (LTCH) Ryan Salmons Receives 500,000 RSU Award
What Happened
Ryan D. Salmons, Latch's Chief Product & Technology Officer, was granted 500,000 restricted stock units (RSUs) on 2026-06-12 (reported on Form 4). The RSUs were granted at $0.00 per share (an award, code A). As part of the vesting/settlement, 59,895 shares were withheld by the issuer to satisfy tax withholding obligations (code F) at $0.20 per share, totaling $11,979. This filing reflects an equity compensation award and routine tax withholding — not an open-market buy or sale tied to trading sentiment.
Key Details
- Transaction dates: Grant approved 2026-06-12; Form 4 filed 2026-06-16 (filing shows late indicator L).
- Grant: 500,000 RSUs (code A) — each RSU represents a contingent right to one share upon vesting.
- Withholding: 59,895 shares withheld to satisfy taxes (code F) at $0.20/share = $11,979.
- Vesting: RSUs vest over a three-year period commencing December 31, 2024 — one-third vested on the first anniversary and the remainder in substantially equal quarterly installments over the next two years (per footnote).
- Shares owned after transaction: not specified in the provided Form 4.
- Footnotes: F1 describes the RSU grant and vesting schedule; F2 confirms shares withheld to satisfy tax obligations under Rule 16b-3.
- Filing timeliness: The Form 4 was filed 4 days after the reported transaction date and is marked late (L).
Context: This is an equity compensation grant (RSUs) rather than a market purchase or sale. The withholding of shares to cover taxes is a routine administrative action when RSUs vest/settle and should not be interpreted as a separate discretionary sale by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-12+500,000→ 500,000 total - Tax Payment
Common Stock
[F2]2026-06-12$0.20/sh−59,895$11,979→ 440,105 total
Footnotes (2)
- [F1]The Reporting Person was granted 500,000 restricted stock units ("RSUs") pursuant to the Reporting Person's Amended and Restated Employment Agreement. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs vest over a three-year period commencing on December 31, 2024. One-third of the RSUs vest on the first anniversary of December 31, 2024, and the remaining RSUs vest in substantially equal quarterly installments thereafter over the following two years, subject to the Reporting Person's continued service through each applicable vesting date. The grant was approved on June 12, 2026.
- [F2]Represents shares withheld by the Issuer to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units pursuant to Rule 16b-3.