Speyer Robert J. 4
4 · Latch, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Latch (LTCH) Director Robert J. Speyer Forfeits 738,000 Shares
What Happened Robert J. Speyer, a director of Latch, Inc. (LTCH), reported the disposition of 738,000 shares on 2026-06-04. The filing shows a disposition to the issuer at $0.00 per share (total $0), representing the forfeiture of unvested restricted common stock under a Sponsor Agreement. No cash or other consideration was received in connection with the forfeiture.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-16 (appears to be late relative to the SEC two-business-day rule).
- Transaction: Disposition to issuer (forfeiture) of 738,000 shares at $0.00 per share; total proceeds $0.
- Shares owned after transaction: Not reported in the provided filing details.
- Notable footnotes:
- F1: Confirms forfeiture pursuant to the Sponsor Agreement dated Jan 24, 2021; no consideration received.
- F2 & F3: Describe complex ownership/voting relationships through affiliated entities and a voting trust; Speyer disclaims beneficial ownership except to the extent of any pecuniary interest.
- F4 (present in filing): relates to shares from previously reported RSUs (separate from this forfeiture).
- Filing timeliness: Filed 12 days after the reported transaction date; appears late under standard Form 4 timing requirements.
Context This action is a forfeiture of unvested restricted stock under contractual terms, not an open-market sale or purchase. For retail investors, forfeitures reduce the number of potential future shares the insider could receive but do not represent a market transaction or independent signal of buying/selling intent. The footnotes indicate that reported holdings may be affected by complex entity relationships; Speyer disclaims beneficial ownership except for any pecuniary interest.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-06-04−738,000→ 6,642,000 total(indirect: By TS Innovation Acquisitions Sponsor, L.L.C.)
- 217,631(indirect: By Innovation Club Latch Holding, L.L.C.)
Common Stock
[F3] - 161,464
Common Stock
[F4]
Footnotes (4)
- [F1]Represents the forfeiture of 738,000 shares of unvested restricted common stock pursuant to the terms of the Sponsor Agreement between TS Innovation Acquisitions Sponsor, L.L.C. and TS Innovation Acquisitions Corp. and Latch, Inc. dated January 24, 2021. No consideration was received in connection with the forfeiture.
- [F2]The sole manager of TS Innovation Acquisitions Sponsor, L.L.C. is Tishman Speyer Properties, L.P. The general partner of Tishman Speyer Properties, L.P. is Tishman Speyer Properties, Inc. The Reporting Person is a co-trustee of a voting trust that holds all voting common stock in Tishman Speyer Properties, Inc. and therefore may be deemed to share voting and investment power with respect to the securities reported herein. The Reporting Person disclaims any beneficial ownership of such securities, except to the extent of any pecuniary interest therein.
- [F3]Speyer GP Holdings, LLC is the general partner of Madison Rock Investment, LP, which is the managing member of Innovation Club Latch Holdings, L.L.C. The Reporting Person is a managing member of Speyer GP Holdings, LLC. As a result, the Reporting Person may be deemed to share beneficial ownership over the shares held by Innovation Club Latch Holding, L.L.C., but disclaims beneficial ownership except to the extent of any pecuniary interests therein.
- [F4]Represents shares of common stock acquired upon settlement of previously reported restricted stock units. All vesting conditions applicable to such restricted stock units have been satisfied.