Latch (LTCH) Chief Product & Tech Officer Ryan Salmons Receives Award

What Happened
Ryan D. Salmons, Chief Product & Technology Officer at Latch, was granted 1,250,000 restricted stock units (RSUs) on August 24, 2026 (reporting period 2026-08-24). The RSUs have no purchase price ($0.00). In connection with the vesting/settlement, 29,952 shares were withheld by the company to satisfy tax withholding obligations; those withheld shares are reported as disposed at $0.15 per share for a withholding value of $4,493.

Key Details

• Transaction date(s): August 24, 2026 (report filed August 26, 2026).
• Primary transaction: A (Award/Grant) — 1,250,000 RSUs granted at $0.00.
• Tax withholding: F — 29,952 shares withheld/disposed at $0.15 = $4,493.
• Vesting: RSUs vest in 12 substantially equal quarterly installments over three years, vesting commencement date March 31, 2026; subject to continued service. (See footnote F1.)
• Withholding note: Shares were withheld by the issuer to satisfy tax obligations on settlement (footnote F2).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Timeliness: Filing dated Aug 26 for Aug 24 transactions (filed two days after the transaction date).

Context
RSUs are an equity award that convert to shares upon vesting; this grant is not an open-market purchase or sale and does not by itself indicate buying/selling intent. The withholding of 29,952 shares is a routine tax-related disposition (cashless settlement) to cover withholding obligations and is separate from any voluntary sale. The RSU award was approved by the company on August 24, 2026 and vests quarterly over three years, contingent on continued service.