SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Nakamura Junji

(Last) (First) (Middle)
C/O LATCH, INC.
508 WEST 26TH STREET, SUITE 6G

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/28/2022
3. Issuer Name and Ticker or Trading Symbol
Latch, Inc. [ LTCH ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 153,316(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (2) 06/20/2030 Common Stock 35,044 $1.0144 D
Stock Option (3) 01/15/2031 Common Stock 35,884 $3.9238 D
Explanation of Responses:
1. Includes (i) 37,907 restricted stock units ("RSUs") granted to the reporting person on August 9, 2021 that remained unvested as of March 28, 2022, and which vest quarterly in 12 equal installments over a three-year period with an initial vesting date of October 1, 2021; and (ii) 78,585 RSUs granted to the reporting person on February 22, 2022, which vest quarterly in 12 equal installments over a three-year period with an initial vesting date of April 1, 2022.
2. The stock option vests in equal monthly installments until fully vested on April 7, 2024.
3. As of March 28, 2022, the stock option was vested and exercisable as to 10,466 of the underlying shares, and the remaining shares will vest in equal monthly installments until fully vested on January 1, 2025.
Remarks:
/s/ Priyen Patel 04/05/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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