Salmons Ryan D 4
4 · Latch, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Latch (LTCH) CPO Ryan Salmons Withholds 11,979 Shares for Taxes
What Happened
Ryan D. Salmons, Chief Product & Technology Officer at Latch, had 11,979 shares withheld by the company on June 30, 2026 to satisfy tax withholding related to the vesting of restricted stock units. The withheld shares were valued at $0.19 each for a total of $2,276. This was a tax-withholding/net-share-settlement transaction (code F), not an open-market sale by the reporting person.
Key Details
- Transaction date: June 30, 2026; Filing date: July 2, 2026 (Form 4 accession 0001104659-26-080234). Filing appears timely.
- Transaction code: F (shares withheld to satisfy tax liability).
- Shares withheld/disposed: 11,979 at $0.19 per share; total value reported $2,276.
- Related award: Withholding was to cover taxes on the vesting of 41,667 restricted stock units granted June 30, 2026 (footnote).
- No shares were sold by the reporting person to cover the tax liability (per footnote).
- Shares owned after the transaction: not specified in the provided filing details.
Context
This was a routine net-share settlement to cover taxes on vested RSUs—common for equity-compensated executives. Because shares were withheld by the issuer rather than sold on the market by the insider, this transaction is not a standard sale that signals a change in the insider’s market exposure. Purchases or open-market sales typically carry more interpretive weight for investor sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-06-30$0.19/sh−11,979$2,276→ 428,126 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 vesting of 41,667 restricted stock units that were granted to the reporting person on June 30, 2026. No shares were sold by the reporting person to satisfy this tax liability.