4//SEC Filing
Siminoff James W 4
Accession 0001826000-24-000039
CIK 0001826000other
Filed
Aug 12, 8:00 PM ET
Accepted
Aug 13, 7:49 AM ET
Size
6.3 KB
Accession
0001826000-24-000039
Insider Transaction Report
Form 4
Latch, Inc.LTCH
Siminoff James W
Chief Strategy Officer10% Owner
Transactions
- Award
Performance Stock Option
2024-08-11+8,000,000→ 8,000,000 totalExercise: $0.41→ Common Stock (8,000,000 underlying)
Footnotes (1)
- [F1]The Performance Stock Option will conditionally vest in three equal tranches in the event the volume weighted average price of the Issuer's common stock for a period of 60 days equals or exceeds each of $4.00, $5.00 and $6.00 per share, respectively, subject to additional time-based vesting requirements. If the foregoing price thresholds are met, 25% of the shares in the tranche will vest immediately, and the remaining 75% of the shares in the tranche will vest in three equal annual installments thereafter. In addition, to the extent vested, (i) the first tranche will become exercisable in four equal installments on the second, third, fourth and fifth anniversaries of the grant date, (ii) the second tranche will become exercisable in four equal installments on the third, fourth, fifth and sixth anniversaries of the grant date, and (iii) the third tranche will become exercisable in four equal installments on the fourth, fifth, sixth and seventh anniversaries of the grant date.
Documents
Issuer
Latch, Inc.
CIK 0001826000
Entity typeother
Related Parties
1- filerCIK 0001981820
Filing Metadata
- Form type
- 4
- Filed
- Aug 12, 8:00 PM ET
- Accepted
- Aug 13, 7:49 AM ET
- Size
- 6.3 KB