Speyer Robert J. 4

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.