0001826000-23-000075.txt : 20230703 0001826000-23-000075.hdr.sgml : 20230703 20230703193034 ACCESSION NUMBER: 0001826000-23-000075 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230703 FILED AS OF DATE: 20230703 DATE AS OF CHANGE: 20230703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Siminoff James W CENTRAL INDEX KEY: 0001981820 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39688 FILM NUMBER: 231066368 MAIL ADDRESS: STREET 1: C/O LATCH, INC. STREET 2: 508 WEST 26TH STREET, SUITE 6G CITY: NEW YORK STATE: NY ZIP: 10001 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Latch, Inc. CENTRAL INDEX KEY: 0001826000 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-HARDWARE [5072] IRS NUMBER: 853087759 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 508 WEST 26TH STREET STREET 2: SUITE 6G CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: (917) 338-3915 MAIL ADDRESS: STREET 1: 508 WEST 26TH STREET STREET 2: SUITE 6G CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: TS Innovation Acquisitions Corp. DATE OF NAME CHANGE: 20200924 4 1 wk-form4_1688427023.xml FORM 4 X0407 4 2023-07-03 0 0001826000 Latch, Inc. LTCH 0001981820 Siminoff James W C/O LATCH, INC. 508 WEST 26TH STREET, SUITE 6G NEW YORK NY 10001 0 1 1 0 Chief Strategy Officer 0 Common Stock 2023-07-03 4 A 0 19075675 A 19087175 D Represents shares of the Issuer's common stock issued to the reporting person as partial consideration for the merger among the Issuer, LS Key Merger Sub 1, Inc., a wholly owned subsidiary of the Issuer ("Merger Sub I"), LS Key Merger Sub 2, LLC, a wholly owned subsidiary of the Issuer ("Merger Sub II"), and Honest Day's Work, Inc. ("HDW"), pursuant to which (i) Merger Sub I merged with and into HDW, with HDW continuing as the surviving corporation (the "First Merger"), and subsequently, (ii) HDW merged with and into Merger Sub II, with Merger Sub II continuing as the surviving entity and a wholly owned subsidiary of the Company (together with the First Merger, the "Mergers"). The Mergers closed on July 3, 2023 (the "Closing Date"). The shares shall be non-transferable until July 3, 2028, subject to certain accelerated releases, including related to the trading price of the Issuer's common stock. In connection with the Mergers, the Issuer and the reporting person entered into a stock restriction agreement, pursuant to which, in the event the reporting person ceases to be an employee of the Company prior to July 3, 2028, the Company shall have the right to repurchase all of the reporting person's shares that have not already been released from transfer restriction, subject to certain exceptions. Received in exchange for shares of HDW capital stock in connection with the Mergers. On the Closing Date, the closing price of the Issuer's common stock was $1.40 per share. /s/ Priyen Patel, Attorney-in-fact 2023-07-03