4//SEC Filing
Speyer Robert J. 4
Accession 0001826000-22-000009
CIK 0001826000other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 6:40 PM ET
Size
9.7 KB
Accession
0001826000-22-000009
Insider Transaction Report
Form 4
Latch, Inc.LTCH
Speyer Robert J.
DirectorChief Executive Officer10% Owner
Transactions
- Other
Common Stock
2022-01-24−54,408→ 163,223 total(indirect: By Innovation Club Latch Holding, L.L.C.)
Holdings
- 49,164(indirect: By Madison Rock Investment, LP)
Common Stock
- 7,380,000(indirect: By TS Innovation Acquisitions Sponsor, L.L.C.)
Common Stock
- 36,464
Common Stock
Footnotes (7)
- [F1]Represents shares distributed from Innovation Club Latch Holding, L.L.C. to its members pursuant to Innovation Club Latch Holding, L.L.C.'s limited liability company agreement.
- [F2]Speyer GP Holdings, LLC is the general partner of Madison Rock Investment, LP, which is the managing member of Innovation Club Latch Holding, 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.
- [F3]Represents shares distributed from Innovation Club Latch Holding, L.L.C. to Madison Rock Investment, LP as the managing member of Innovation Club Latch Holding, L.L.C.
- [F4]Speyer GP Holdings, LLC is the general partner of Madison Rock Investment, LP. 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 Madison Rock Investment, LP, but disclaims beneficial ownership except to the extent of any pecuniary interests therein.
- [F5]Includes RSUs granted to the reporting person on August 20, 2021, 33,467 of which remain unvested as of the date hereof.
- [F6]10% of such shares are subject to vesting if the VWAP of the Issuer's shares of Common Stock equals or exceeds $14.00 for any 20 trading days within a 30 trading day period on or prior to the fifth anniversary of the business combination of TS Innovation Acquisitions Corp. and Latch, Inc. (formerly known as Latch, Inc.). In the event the Issuer enters into a binding agreement on or before such date related to certain sale transactions involving the shares of Common Stock or all or substantially all of its assets, all unvested shares shall vest on the day prior to the closing of such sale if the per share price implied in such sale meets or exceeds $14.00.
- [F7]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.
Documents
Issuer
Latch, Inc.
CIK 0001826000
Entity typeother
Related Parties
1- filerCIK 0001830172
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 6:40 PM ET
- Size
- 9.7 KB