Latch (NASDAQ: LTCH) CRO discloses long-dated $0.17 stock option in Form 3

Rhea-AI Filing Summary

Latch, Inc. filed an initial Form 3 showing that Chief Revenue Officer James M. Malone holds a stock option on the company’s common stock. The option was granted on February 5, 2025, carries an exercise price of $0.17 per share, and expires on February 5, 2035. It will vest one-third on the first anniversary of the grant date, with the remaining portion vesting in equal quarterly installments until the third anniversary. The filing discloses this option position but does not specify a share amount for the underlying common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Malone James M

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
holding	Stock Option	--	--	--

Holdings After Transaction: Stock Option — 0 shares (Direct)

Footnotes (1)

1. The stock option was granted on February 5, 2025. The stock option will vest 1/3 on the first anniversary of the grant date and in equal quarterly installments thereafter until the third anniversary.

Key Figures

Option Exercise Price: $0.17 per share Option Expiration: February 5, 2035 Initial Vesting: 1/3 after 1 year

3 metrics

Option Exercise Price $0.17 per share Exercise price of Malone stock option granted Feb 5, 2025

Option Expiration February 5, 2035 Expiration date of disclosed stock option

Initial Vesting 1/3 after 1 year One-third vests on first anniversary of grant date

Key Terms

Form 3, Stock Option, exercise price, vesting

4 terms

Form 3 regulatory

"Latch, Inc. filed an initial Form 3 showing that Chief Revenue Officer"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

Stock Option financial

"holds a stock option on the company’s common stock"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

exercise price financial

"carries an exercise price of $0.17 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"will vest one-third on the first anniversary of the grant date"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Understanding Insider Trading Forms →

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Malone James M

(Last) (First) (Middle)

C/O LATCH, INC.

1220 N PRICE RD, SUITE 2

(Street)

OLIVETTE MISSOURI 63132

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/10/2026

3. Issuer Name and Ticker or Trading Symbol
Latch, Inc. [ LTCH ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Revenue Officer

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)

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(1)	(2)	02/05/2035	Common Stock	0	$0.17	D

Explanation of Responses:

1. The stock option was granted on February 5, 2025.

2. The stock option will vest 1/3 on the first anniversary of the grant date and in equal quarterly installments thereafter until the third anniversary.

Remarks:

	/s/ Priyen Patel, Attorney-in-fact	04/17/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Latch (LTCH) disclose in James M. Malone’s Form 3?

Latch reports that Chief Revenue Officer James M. Malone holds a stock option on common stock. The option was granted on February 5, 2025, with a $0.17 exercise price and a 2035 expiration, establishing his initial derivative position disclosure as an officer.

What are the key terms of James M. Malone’s stock option at Latch (LTCH)?

The stock option allows James M. Malone to purchase Latch common stock at an exercise price of $0.17 per share. It was granted on February 5, 2025, and will expire on February 5, 2035, providing a long-dated equity incentive tied to company performance.

How does James M. Malone’s Latch (LTCH) stock option vest?

The stock option vests over three years. One-third vests on the first anniversary of the February 5, 2025 grant date, with the remaining two-thirds vesting in equal quarterly installments until the third anniversary, creating a multi-year retention and performance incentive.

Does James M. Malone’s Form 3 for Latch (LTCH) show any share purchases or sales?

The Form 3 does not report any share purchases or sales. It functions as an initial ownership statement, listing a stock option holding with a $0.17 exercise price and future vesting, rather than recording open-market or other transactional activity in Latch stock.

When does James M. Malone’s Latch (LTCH) stock option expire?

The stock option disclosed for James M. Malone expires on February 5, 2035. This long expiration date gives him an extended window to exercise the option after vesting, aligning his potential upside with Latch’s longer-term share price performance.