Latch grants 1.6M RSUs to CEO, CFO, CTO; adopts new equity award forms

Latch, Inc.

Lillis (CEO) receives 968,179 RSUs ($193,636 fair value); Mayfield (CFO) 130,000 ($26k); Salmons (CPTO) 500,000 ($100k).
Vesting backdated to reflect service during S-8 suspension; portions vested immediately, remainder vests quarterly over 3 years.
Compensation Committee adopted updated RSU, stock option, and common stock award agreement forms under the 2021 Plan.
New forms include revised 409A compliance, expanded tax withholding options (incl. net share settlement), and post-termination procedures.
The 2021 Plan remains unchanged; awards subject to plan terms.

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