Jamie Siminoff to step down as Latch CSO, transition to advisor; company repurchases 15.3M shares for $775

Latch, Inc.

Jamie Siminoff steps down as Chief Strategy Officer effective Dec 31, 2024, will serve as advisor ('Doorman') through Dec 2026.
Latch repurchases 15,260,540 shares from Siminoff for $775.24 ($0.00005/share), 80% of his consideration shares from HDW acquisition.
Remaining 3.8M shares subject to tiered price-based release: 20% each at $1, $2, $3, $4, $5 average stock price thresholds.
Company highlights St. Louis HQ, new leadership (David Lillis, Chris Peckham), and product launches including DOOR app and hardware.
Latch to rebrand as DOOR; Siminoff will continue in advisory capacity.

item 5.02 item 7.01 item 9.01

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Departed

Jamie Siminoff

Chief Strategy Officer

LTCH · Latch, Inc.

Effective: 2024-12-31
Filed: November 19, 2024, 6:59 PM ET

Jamie Siminoff, the Company’s Chief Strategy Officer, mutually agreed that Mr. Siminoff would step down as the Company’s Chief Strategy Officer on December 31, 2024 (the “Siminoff Separation Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jamie Siminoff departed as Chief Strategy Officer at Latch, Inc..

Action: stepped down
Role: Chief Strategy Officer

Exact text from the filing

Jamie Siminoff, the Company’s Chief Strategy Officer, mutually agreed that Mr. Siminoff would step down as the Company’s Chief Strategy Officer on December 31, 2024 (the “Siminoff Separation Date”).

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Latch, Inc. filing history →

Source: SEC EDGAR

accession 0001826000-24-000056

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