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This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information that you should consider, and you should read the entire Proxy Statement carefully before you vote. All references in this Proxy Statement to “Company,” “DOOR,” “Latch,” “we,” “our,” or “us,” refer to Latch, Inc., including our subsidiaries and affiliates.

We are using the Securities and Exchange Commission rule that allows companies to furnish their proxy materials over the Internet. As a result, we are mailing our stockholders a “Notice of Internet Availability of Proxy Materials” instead of a printed copy of the notice of the 2026 Annual Meeting, proxy statement, and proxy card or voting instructions form and our 2025 Annual Report.

On or about April 30, 2026, we began mailing to our stockholders a Notice of Internet Availability of Proxy Materials containing instructions on how to access this Proxy Statement and vote online.

Latch is a technology company delivering an integrated ecosystem of hardware, software and services designed to enhance operations and experiences within buildings, primarily serving the multifamily rental market. In August 2025, we rebranded as DOOR, although our legal name remains Latch, Inc.

Our core offering is built around a proprietary, cloud-based software-as-a-service (“SaaS”) platform (the “DOOR Platform”), which powers and manages our suite of smart access control devices (including locks, readers and intercoms) and smart home devices and integrates with other connected devices within a building.

Latch is a “smaller reporting company” as defined under the rules of the Securities and Exchange Commission and, as permitted, has elected to rely on certain scaled disclosure requirements applicable to smaller reporting companies in this Proxy Statement.

Latch’s board of directors (the ‘‘Board”) currently consists of six directors, divided into three classes of equal size. All of our directors were appointed to the Board effective June 2021, and Raju Rishi and J. Allen Smith were elected by the stockholders at our 2022 annual meeting of stockholders (the “2022 Annual Meeting”) for a term originally set to expire at the 2025 annual meeting of stockholders. Due to the restatement of certain of our historical financial statements, we have not held an annual meeting of stockholders since the 2022 Annual Meeting; however, during this period, although annual meetings of stockholders were not held, the Board continued to operate in accordance with applicable law and its fiduciary duties, and stockholders retained all rights afforded under Delaware law. Accordingly, all of our directors are director nominees at the 2026 annual meeting of stockholders (the “2026 Annual Meeting”). To maintain the classified structure of our Board, the classification of our director nominees is as follows:

Raju Rishi and J. Allen Smith are Class I director nominees. If elected, each Class I director will hold office until the 2028 annual meeting of stockholders or until such director’s earlier death, resignation, or removal.

Patricia Han and Andrew Sugrue are Class II director nominees. If elected, each Class II director will hold office until the 2029 annual meeting of stockholders or until such director’s earlier death, resignation, or removal.

Peter Campbell and Rob Speyer are Class III director nominees at the 2026 Annual Meeting. If elected, each Class III director will hold office until the 2027 annual meeting of stockholders or until such director’s earlier death, resignation, or removal.

Thereafter, each director elected will serve a three-year term, except that a director elected or appointed to fill a vacancy or newly created directorship will serve for the remainder of the term of the class to which such director is assigned, with one class standing for election at each annual meeting, unless or until their successors are duly elected and qualified, or until death, resignation, or removal.

The Board believes that each of the directors has personal and professional integrity, strong ethics and values, and practical and mature business judgment. Each director also possesses one or more of the following qualifications:

To be elected as a director, each director nominee must receive a plurality of the votes cast at the 2026 Annual Meeting, meaning that the six director nominees who receive the highest number of shares voted “for” their election are elected. Each of the nominees has consented to serve as a director if elected. The Board knows of no reason why a nominee would be unavailable to serve, but, in the event of any such unavailability, the proxies received will be voted for any substitute nominee the Board recommends.

The business affairs of Latch are managed under the direction of the Board. The Board has adopted Corporate Governance Guidelines, which are reviewed annually, to formalize certain policies and procedures, and a Code of Business Conduct and Ethics (the “Code of Ethics”) to prescribe standards for all Latch officers, directors, and employees. The Corporate Governance Guidelines and the Code of Ethics are available on Latch’s website at www.door.com/governance under the Governance tab. We will post any amendments to and waivers of the Code of Ethics on our website to the extent applicable to an executive officer or a director of Latch. The information on our website should not be deemed incorporated in this Proxy Statement.

The Company has adopted an insider trading policy governing transactions in Company securities by directors, officers, employees, and other third parties.

Our Corporate Governance Guidelines provide that a majority of our directors should be independent. The Board makes affirmative determinations regarding director independence on a case-by-case basis in accordance with the Nasdaq Listing Rules and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”). In preparation for the 2026 Annual Meeting, the Board conducted its annual review of director independence, which included considering transactions and relationships between each director, or any member of a director’s immediate family, and Latch. In particular, the Board considered whether any such relationships were material and whether they could impair a director’s ability to exercise independent judgment in carrying out his or her responsibilities. Following this review, our Board determined that all of our directors qualify as “independent directors” under the Nasdaq Listing Rules, after consideration of all relevant relationships and transactions disclosed below. No member of our Board has a family relationship with any executive officer or other member of our Board.

While the Company has not had a Chair of the Board since 2023, the Board does not believe that the offices of Chair of the Board and Chief Executive Officer must be separate. Latch does not have a formal policy addressing this matter.

Our Corporate Governance Guidelines provide that when the Chair of the Board is not independent, the independent directors may elect a lead director. Effective March 2022, the independent directors selected Mr. Rishi as Latch’s lead independent director. As lead independent director, Mr. Rishi’s responsibilities include:

The Board also has three standing committees that are made up entirely of independent directors.

When considering the suitability of individual candidates for the Board (whether new candidates or current directors), the Nominating and Corporate Governance Committee and the Board may take into account many factors, including:

In determining whether to recommend an incumbent director for reelection, the Nominating and Corporate Governance Committee may also consider the director’s past attendance at meetings and participation in and contributions to the activities of the Board.

The Nominating and Corporate Governance Committee may identify potential nominees by seeking recommendations from current directors and executive officers, and also may engage third-party search firms that specialize in identifying director candidates.

Stockholders may recommend individuals to the Nominating and Corporate Governance committee for consideration as potential director candidates by submitting the names of the recommended individuals, together with required biographical information and background materials set out in our Amended and Restated Bylaws (the “Bylaws”), to the Corporate Secretary at Latch’s principal address. In the event there is a vacancy and the appropriate information has been provided on a timely basis, the Nominating and Corporate Governance Committee will evaluate stockholder-recommended candidates by following substantially the same process, and applying substantially the same criteria, as it follows for candidates from other sources.

Once a person has been identified as a potential Board candidate, the Nominating and Corporate Governance Committee will make an initial determination regarding the need for additional directors to fill vacancies or expand the size of the Board. If the Nominating and Corporate Governance Committee determines that additional consideration is warranted, the Committee will review such information and conduct such interviews as it deems necessary to fully evaluate each director candidate. In addition to the qualifications of a candidate, the Nominating and Corporate Governance Committee will consider other relevant factors, including the current composition of the Board, the evaluations of other prospective nominees, and the need for any specific expertise on the Board or one of its committees.

Although Latch does not have a formal diversity policy for the Board, the Nominating and Corporate Governance Committee considers a number of factors regarding diversity of personal and professional backgrounds, gender, race, age, sexual orientation, specialized skills and acumen, and breadth of experience in real estate, hardware and software technology, executive leadership, accounting, finance, or law.

Latch management provides an orientation process for new directors, including background material on Latch and its business. As appropriate, Latch management provides opportunities for additional educational sessions for directors on matters relevant to Latch and its business.

The Board recognizes that its members benefit from service on the boards of other companies, and it encourages such service. The Board also believes, however, that it is critical that directors have the

opportunity to dedicate sufficient time to their service on the Board. To that end, a director may not serve on the boards of more than four other public companies, and any director who also serves as the chief executive officer of a public company or in an equivalent position should not serve on more than two public company boards in addition to the Board. Prior to accepting any position on the board of directors of any organization, whether for-profit or not-for-profit, current directors should notify the Nominating and Corporate Governance Committee. The Chair of the Nominating and Corporate Governance Committee reviews any proposed board membership to ensure compliance with applicable laws and policies.

Service on other boards and/or committees should also be consistent with Latch’s conflict of interest policies.

The Board has three standing committees: the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee. Each of the standing committees is governed by a charter, all of which are available on Latch’s website at www.door.com/governance.

Messrs. Rishi and Smith are not and have never been officers or employees of Latch. None of our executive officers serve on the board of directors or compensation committee of any company for which either Mr. Rishi or Mr. Smith serves as an executive officer. No member of our Board serves as an executive officer of a company in which one of our executive officers serves as a member of the board of directors or compensation committee. There were no compensation committee interlocks during 2025.

The Audit Committee is responsible for discussing our policies with respect to risk assessment and risk management, including guidelines and policies to govern the process by which Latch’s exposure to risk is handled. In accordance with those policies, the Board and its committees have an active role in overseeing

management of our risks. The Board regularly reviews information regarding our credit, liquidity, and operations, as well as the risks associated with each. The Compensation Committee is responsible for overseeing the management of risks relating to executive compensation plans and arrangements. The Audit Committee oversees management of financial and cybersecurity risks and potential conflicts of interest. The Nominating and Corporate Governance Committee manages risks associated with the independence of the Board. While each committee is responsible for evaluating certain risks and overseeing the management of such risks, the entire Board is regularly informed through committee reports about such risks.

We have established an Enterprise Risk Management (“ERM”) Committee, reporting to the Audit Committee, to provide additional oversight of our enterprise risk management function. The ERM Committee is chaired by our Chief Financial Officer and includes other senior members of management, including the Chief Strategy & Legal Officer. The ERM Committee’s responsibilities include:

Latch also maintains a commercial insurance program covering general liability, workers compensation, cyber liability, technology errors and omissions, and directors’ and officers’ liability, among other risks. We review these policies annually with our insurance brokers to ensure that our coverage scope and limits are sufficient for us.

We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan.

We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework (“NIST CSF”), specifically NIST 800-30 and NIST 800-37, as well as ISO 27005. This does not imply that we meet any particular technical standards, specifications or requirements, only that we use these standards as a guide to help us identify, assess and manage cybersecurity risks relevant to our business.

Our cybersecurity risk management program is integrated into our overall ERM program and shares common methodologies, reporting channels and governance processes that apply across the ERM program to other legal, compliance, strategic, operational and financial risk areas.

Our cybersecurity risk management program includes:

We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations or financial condition. For additional information regarding the possible impact of such an incident, see Item 1A, “—Risk Factors—If our security controls are breached, or unauthorized or inadvertent access to user information or other data or to control or view systems are otherwise obtained, our products, software or services may be perceived as insecure, our business may be harmed and we may incur significant liabilities” of our Annual Report on Form 10-K for the year ended December 31, 2025.

Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program.

The Audit Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential.

The Audit Committee reports to the Board regarding its activities.

Our cybersecurity team has approximately 25 years of combined cybersecurity experience and is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and incident response plan and supervises both our internal and any external cybersecurity personnel. Our cybersecurity team’s experience includes threat detection, risk assessment, incident response, security architecture, compliance with industry standards (e.g., NIST, SOC2), vulnerability management and security operations, among others.

Our cybersecurity team oversees efforts to prevent, detect, mitigate and remediate cybersecurity risks and incidents through various means, including threat intelligence and other information obtained from governmental, public or private sources, including external consultants, and alerts and reports produced by our active cybersecurity tools.

Our Board holds regular and special meetings and spends such time on Latch’s affairs as its duties require. The Board met four times in 2025. The Board also meets regularly in independent director executive sessions. In 2025, all of Latch’s directors other than Mr. Speyer attended at least 75% of the meetings of the Board and the committees on which they served. Board members are encouraged to attend our annual meetings of stockholders.

Our Board has established a process to receive communications from stockholders and other interested parties by mail. Stockholders and other interested parties may contact any member of the Board, any Board committee, or the entire Board by directing correspondence to 1220 N. Price Rd, Suite 2, Olivette, Missouri 63132, Attn: Corporate Secretary. The Corporate Secretary will review and forward correspondence to the appropriate person or persons. Communications are forwarded to all directors if they relate to important substantive matters and include suggestions or comments that our Corporate Secretary considers to be important for the directors to know. In general, communications relating to corporate governance and long-term corporate strategy are more likely to be forwarded than communications relating to ordinary business affairs, personal grievances, and matters as to which we tend to receive repetitive or duplicative communications.

The following biographies describe the business experience of our executive officers as of April 15, 2026. Each executive officer serves at the discretion of our Board. There are no family relationships among any of our executive officers. Ages shown below are as of April 15, 2026.

Mr. Lillis joined the Company as Senior Vice President of Finance in July 2023 and was appointed as Chief Executive Officer in February 2025. He was previously Chief Financial Officer of RubinBrown LLP, an accounting and professional consulting firm. In such role, which began in 2021, Mr. Lillis served as the top finance executive for the firm and was responsible for all financial operations. Prior to that, Mr. Lillis was Business Finance Officer of Mastercard Global Prepaid where he oversaw financial strategy for the division following the merger of Mastercard Worldwide’s Prepaid Management Services and Global Prepaid divisions. Prior to the 2018 merger, Mr. Lillis was Business Finance Officer of Mastercard’s Prepaid Management Services division, a role he began in 2016. Mr. Lillis originally joined Mastercard in 2012 as Vice President, Finance - Operations and Technology. Before joining Mastercard, he spent four years as Vice President, Brokerage Finance - Operations & IT at Wells Fargo Advisors. His additional work experience includes roles at CNA Insurance, First National Bank of Naperville, Pfizer, Inc. and KPMG LLP. Mr. Lillis has a Bachelor of Business Administration degree and an Executive Master of Business Administration degree from the University of Notre Dame. He is a Chartered Financial Analyst and a Certified Public Accountant.

Mr. Mayfield joined the Company as Controller in September 2023 and was appointed as Chief Financial Officer in February 2025. Mr. Mayfield has over 20 years of experience and expertise in global accounting, finance strategy and operational leadership. From 2001 to September 2023, Mr. Mayfield held progressive leadership roles at Mastercard Worldwide, where he led financial integration efforts for over ten acquisitions with deal values ranging from $25 million to $3 billion. In his roles at Mastercard, he also developed governance structures, streamlined processes and ensured compliance across multinational operations to maximize synergies and minimize disruptions. Mr. Mayfield has a Bachelor of Science degree in accounting from the University of Missouri and is a licensed Certified Public Accountant.

Mr. Patel was appointed as Chief Strategy and Legal Officer in February 2025. He joined the Company in April 2019 as VP of Legal and most recently served as Senior Vice President, Head of Corporate Strategy, General Counsel and Corporate Secretary. In such role, Mr. Patel has built and led the Company’s legal function and acted as a trusted advisor and leader for the Company and the Board through several critical events, including its initial public offering, the restatement process and several leadership transitions. Prior to joining the Company, Mr. Patel was an attorney at White & Case LLP, a position he started in May 2018 with a focus on technology transactions and mergers and acquisitions. He previously practiced at Latham & Watkins LLP and Kenyon & Kenyon LLP, focusing on complex commercial litigation and intellectual property law. Mr. Patel provides over a decade of technology-focused legal, business and management experience, and deep institutional knowledge of the Company’s business. Mr. Patel has a Bachelor of Science degree in electrical engineering from the Georgia Institute of Technology and a Juris Doctorate degree from The George Washington University Law School.

Mr. Salmons was appointed as Chief Product and Technology Officer in April 2026. He joined the Company in January 2025 as Vice President, Product & Engineering and has since led the Company’s product and engineering organization across hardware, firmware, and software, with responsibility for product strategy as well as engineering execution. In such role, Mr. Salmons has restructured and geographically diversified the product and engineering organization, launched two new business verticals, and driven the Company’s AI strategy across both product development and internal operations. Prior to joining the Company, Mr. Salmons served as Chief Technology Officer at HelloTech Inc. from April 2023 to December 2024, where he led initiatives contributing to a sixfold increase in revenue. He previously served as Director of

Engineering at MNTN, a connected TV advertising platform, from December 2018 to July 2019. Mr. Salmons brings over a decade of technology leadership experience spanning software, hardware, and product development. Mr. Salmons holds a degree from The University of Texas at Austin.

Mr. Malone was appointed Chief Revenue Officer in April 2026. He joined the Company in January 2025 as Head of Revenue. He leads DOOR’s revenue organization, shaping the strategy, systems, and culture that drive intelligent, scalable growth across the multifamily industry. Before joining DOOR, he held senior leadership roles at SmartRent from December, 2020 to February, 2023, and also Venn and RentCheck, helping each company evolve from early growth to established market presence. At SmartRent, he played a key role in the company’s journey to the public markets, launching new divisions in Solutions Engineering, Revenue Enablement, and Sales Strategy. Earlier in his career, James owned and operated multiple restaurants in the fine dining segment. The rigor and creativity of those environments continue to shape how he leads today, combining structure, adaptability, and an understanding that excellence depends on people as much as process. James holds a degree in Energy Systems Engineering from Oregon State University.

The Audit Committee has appointed BDO USA, P.C. (“BDO”) as Latch’s independent registered public accounting firm for the fiscal year ending December 31, 2026, and the Board has directed that the appointment of BDO be submitted to our stockholders for ratification at the 2026 Annual Meeting.

On April 4, 2025 (the “Auditor Transition Date”), the Audit Committee dismissed Deloitte & Touche LLP (“Deloitte”) as the Company’s independent registered public accounting firm. Deloitte completed its engagement as the Company’s independent registered public accounting firm for the year ended December 31, 2023 upon the filing of the Company’s Annual Report on Form 10-K for such year (the “2023 10-K”). Deloitte’s audit reports on the Company’s consolidated financial statements for the years ended December 31, 2022 and 2023 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.

During the years ended December 31, 2022 and 2023, and through the Auditor Transition Date, there were (i) no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K) between the Company and Deloitte on any matter of accounting principle or practice, financial statement disclosure or auditing scope or procedure which, if not resolved to Deloitte’s satisfaction, would have caused it to make reference to the matter in conjunction with its report on the Company’s consolidated financial statements for the relevant year and (ii) no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K), except that (a) the Company identified material weaknesses in the Company’s internal control over financial reporting as of December 31, 2022 and 2023, as described in the 2023 10-K, and (b) the Audit Committee, after discussion with management, determined that the Company’s consolidated financial statements for 2019, 2020, 2021 and the first quarter of 2022 (all such interim and annual periods, the “Affected Periods”) should no longer be relied upon. The Company restated the financial statements of certain of the Affected Periods in its Annual Report on Form 10-K for the year ended December 31, 2022, which it filed with the SEC on December 19, 2024.

The material weaknesses and non-reliance on the financial statements for the Affected Periods were discussed among Deloitte and the Audit Committee, and the Company authorized Deloitte to respond fully to any inquiries of BDO concerning these matters.

On the Auditor Transition Date, the Audit Committee approved the appointment of BDO as the Company’s new independent registered public accounting firm for the year ended December 31, 2024. During the years ended December 31, 2022, 2023 and 2024, and through the Auditor Transition Date, neither the Company, nor anyone on behalf of the Company, consulted with BDO with respect to either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and no written report or oral advice was provided by BDO to the Company that BDO concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue or (ii) any matter that was the subject of either a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).

The Company previously provided both Deloitte and BDO with a copy of the disclosures in this Proposal 2.

Representatives from BDO will attend the 2026 Annual Meeting and will be available to respond to appropriate questions and to make a statement if they wish.

The following table presents fees for professional services rendered by BDO to the Company for the years ended December 31, 2025 and 2024:

Services rendered by BDO in connection with the fees presented above are described below.

Audit fees consist of fees billed for professional services rendered for the audit of our consolidated financial statements, reviews of interim financial information and services that only the independent auditors can reasonably provide, such as services associated with SEC registration statements or other documents issued in connection with securities offerings (including consents) and consultation on significant accounting matters.

We did not incur any audit-related fees in 2025 or 2024.

We did not incur any tax fees in 2025 or 2024.

We did not incur any other fees in 2025 or 2024.

The Audit Committee has adopted the Latch, Inc. Audit and Non-Audit Services Pre-Approval Policy (the “Pre-Approval Policy”), which sets forth the procedures and conditions pursuant to which services proposed to be performed by Latch’s independent registered public accounting firm may be pre-approved. Pursuant to the Pre-Approval Policy, unless a type of service to be provided by the independent registered public accounting firm has received general pre-approval, it will require specific pre-approval. The Audit Committee at least annually reviews and pre-approves the services (if any) that may be provided by the independent registered public accounting firm without obtaining specific pre-approval from the Audit Committee. The annual audit services engagement terms and fees will be subject to the specific pre-approval of the Audit Committee. In addition to the annual audit services engagement approved by the Audit Committee, the Audit Committee may grant general pre-approval to other audit services, which are those services that only the independent auditor reasonably can provide. Because the Audit Committee believes that the provision of audit-related services does not impair the independence of the auditor and is consistent with the SEC’s rules on auditor independence, the Audit Committee may grant general pre-approval of audit-related services.

The primary role of the Audit Committee is to assist the Board in fulfilling its oversight responsibilities by reviewing the financial information proposed to be provided to stockholders and others, the adequacy of the system of internal control over financial reporting and disclosure controls and procedures established by management and the Board, the audit process, and the independent registered public accounting firm’s qualifications, independence, and performance.

Management has primary responsibility for the financial statements and is responsible for establishing and maintaining Latch’s system of internal controls over preparation of Latch’s financial statements. The independent registered public accounting firm, BDO, is responsible for performing an audit of Latch’s consolidated financial statements in accordance with standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”) and issuing an opinion on the financial statements. The Audit Committee meets periodically with Latch’s independent registered public accounting firm, with and without management present, to review the adequacy of Latch’s internal controls, financial reporting practices, and audit process.

The Audit Committee has reviewed and discussed Latch’s audited consolidated financial statements for the year ended December 31, 2025, with management. In addition, the Audit Committee has discussed with BDO the matters required to be discussed by the applicable requirements of the PCAOB and the SEC.

The Audit Committee also has received the written disclosures and the letter from BDO required by the applicable requirements of the PCAOB regarding the independent registered public accounting firm’s communications with the Audit Committee concerning independence, and the Audit Committee has discussed the independence of BDO with that firm.

Based on the reviews and discussions described above, the Audit Committee recommended to the Board that Latch’s audited consolidated financial statements be included in its Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC.

Peter Campbell, Chair

Raju Rishi

J. Allen Smith

The foregoing report is not “soliciting material,” shall not be deemed “filed,” and shall not be deemed incorporated by reference by any general statement incorporating by reference this Proxy Statement into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), except to the extent that Latch specifically incorporates this information by reference, and shall not otherwise be deemed filed under the Securities Act or the Exchange Act.

The ratification of the appointment of BDO as Latch’s independent registered public accounting firm for the fiscal year ending December 31, 2026 must be approved by the affirmative vote of the majority of the votes cast at the 2026 Annual Meeting, meaning that the number of shares voted “for” the proposal must exceed the number of shares voted “against” the proposal. If the stockholders do not ratify the appointment of BDO, the Audit Committee will consider whether to engage a different independent registered public accounting firm but will not be obligated to do so. Even if the appointment of BDO is ratified, the Audit Committee retains the discretion to appoint a different independent auditor at any time if it determines that such a change is in the best interests of Latch.

We are asking stockholders to vote, on a non-binding advisory basis, to approve the compensation of our named executive officers.

Because this vote is advisory, it will not be binding upon the Board. However, the Board and Compensation Committee will consider the outcome of the vote when making future executive compensation decisions of Latch’s named executive officers.

We request stockholder approval of the fiscal 2025 compensation of the named executive officers as disclosed in this Proxy Statement pursuant to the SEC’s compensation disclosure rules. This vote is not intended to address any specific element of compensation, but rather the overall compensation of the named executive officers.

Accordingly, we ask that you vote “FOR” the following resolution:

“RESOLVED, that the stockholders of Latch approve, on an advisory basis, the compensation of the named executive officers, as disclosed in the Company’s Proxy Statement for the 2026 Annual Meeting of Stockholders of the Company.”

As an advisory vote, the outcome of the vote on this Proposal is not binding. However, our Compensation Committee, which is responsible for designing and administering our executive compensation program, values the opinions expressed by our stockholders and will consider the outcome of this vote when making future executive compensation decisions.

Under our current practice of providing for annual votes, we expect that our next advisory vote to approve named executive officer compensation will occur at our 2027 Annual Meeting.

Approval of this proposal requires the affirmative vote of a majority of the votes cast on this proposal.

The following table contains information about the compensation earned by our named executive officers who served in such capacities, David Lillis, Jeff Mayfield, Priyen Patel, Jason Keyes, and Marc Landy (together, the “NEOs”), during the years ended December 31, 2025 and 2024, respectively. The table also contains compensation information for Jamie Siminoff and Jason Mitura, each of whom served as a named executive officer for certain portions of 2024. From January 11, 2023 to February 6, 2025, Messrs. Keyes and Landy, who were not employed by the Company, served as Interim Chief Executive Officer and Interim Chief Financial Officer, respectively, through the Company’s engagement of AP Services, LLC (“APS”). As a result, Messrs. Keyes and Landy did not directly receive salary, benefits or any other compensation from the Company.

The Company paid APS for the services of Messrs. Keyes and Landy as Interim Chief Executive Officer and Interim Chief Financial Officer, respectively. Pursuant to the Amended and Restated Agreement for Interim Management Agreement by and between APS and the Company, dated January 10, 2023, the Company paid APS $1,140 per hour for the services of Mr. Keyes and $1,115 per hour for the services of Mr. Landy. Effective October 15, 2023, APS billing rates were discounted by 15%.

The primary elements of the 2025 compensation of Messrs. Lillis, Mayfield, and Patel (together, the “Employee NEOs”), and the main objectives of each, are described below. In addition, in 2025, the Employee NEOs were eligible to participate in our health and welfare programs and our 401(k) plan on the same basis as our other employees.

Base salaries reflect the Employee NEOs’ positions, duties and responsibilities. Base salary is an important part of each Employee NEO’s total compensation package because it provides a reasonable degree of financial certainty and stability. Our Compensation Committee and Board annually review and determine the base salaries for our executive officers. As noted above, Messrs. Keyes and Landy did not receive base salaries from the Company.

Under the Company’s cash-based leadership compensation program, Company officers and other participants received an additional amount of cash compensation, payable in semi-monthly installments alongside their regular base salary, and were not eligible for certain other compensation while the leadership compensation program is in place. The Company terminated the program effective March 31, 2026.

For 2025, Messrs. Lillis, Mayfield, and Patel were entitled to receive annualized cash compensation of $300,000, $200,000 and $300,000, respectively, in addition to their base salary, which was payable in semi-monthly installments.

On February 6, 2025, the Board approved a performance-based bonus program for calendar year 2025 (the “2025 Performance Bonus Program”). Under the 2025 Performance Bonus Program, the Employee NEOs were eligible for quarterly bonus payouts based on certain Company performance metrics, including financial and operational performance objectives approved by the Board. Payouts were made to each Employee NEO in an amount equal to the percentage attainment of each quarterly target, with a threshold performance of 75% to earn a payout with respect to a target and a maximum payout of 150% of the target bonus. The annual target bonus for each Employee NEO was 50% of base salary.

The following table summarizes the number of shares of common stock underlying outstanding equity incentive plan awards for each NEO as of December 31, 2025.

We maintain a 401(k) retirement savings plan for our employees, including our Employee NEOs, who satisfy certain eligibility requirements. As service providers engaged through APS, neither Mr. Keyes nor Mr. Landy was eligible to participate in our 401(k) plan. The Employee NEOs are eligible to participate in the 401(k) plan on the same terms as other full-time employees. The Code allows eligible employees to defer a portion of their compensation, within prescribed limits, on a pre-tax basis through contributions to the 401(k) plan. We believe that providing this vehicle for tax-deferred retirement savings adds to the overall desirability of our executive compensation package and is consistent with market practice.

All of our full-time employees, including the Employee NEOs, are eligible to participate in our health and welfare plans, including medical, dental and vision benefits; medical and dependent care flexible spending accounts; short-term and long-term disability insurance; and life insurance. We believe these benefits are necessary and appropriate to provide a competitive compensation package to our executive officers.

We generally do not provide perquisites to our named executive officers, other than limited relocation-related benefits, and we do not consider perquisites or other personal benefits to be a significant component of our executive compensation program. In the future, we may provide perquisites or other personal benefits in limited circumstances following approval of the Compensation Committee. We did not provide any perquisites or other personal benefits to our named executive officers in fiscal years 2024 or 2025.

We do not provide any tax “gross-ups” to our named executive officers.

In the event an Employee NEO is terminated without cause or resigns from the Company for good reason (each, a “Qualifying Termination”), the Employee NEO will receive: (a) a cash severance payment equal to the sum of his annual base salary and target bonus; (b) any accrued annual bonus; and (c) up to 12 months

of subsidized premiums for continued coverage under one or more of the Company’s group medical, dental or vision plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA premiums”). Additionally, in the event such Qualifying Termination occurs during the three (3) months prior to, or the twenty-four (24) months following, the date of a qualifying change in control, in addition to the payments and benefits described in the previous sentence, all of the Employee NEO’s unvested equity or equity-based awards granted under the Company’s equity award plans will immediately become 100% vested.

As service providers engaged through APS, neither Mr. Keyes nor Mr. Landy was eligible for severance benefits or payments.

We have designed our compensation program for our non-employee directors to attract, motivate and retain individuals who are committed to our culture and goals and who have the necessary skills and experience to achieve those goals. Non-employee director compensation is recommended by the Compensation Committee, with the input of its independent compensation consultant, and approved by the Board.

Based on input from the Compensation Committee’s independent compensation consultant, Meridian Compensation Partners, LLC (“Meridian”) we instituted the following 2025 annual compensation program for our non-employee directors. As noted below, our Board increased the cash retainers for committee service after a market review by Meridian, and added an additional retainer, payable in a lump sum, to the 2025 annual compensation program.

Due to the suspension of the S-8 Registration Statement, the Company did not grant RSUs to our non-employee directors in 2023, 2024, or 2025. Accordingly, in 2025, we modified the 2023 and 2024 non-employee director compensation program such that each director could elect to receive a lump-sum cash payment of $99,600 or a grant of 499,612 shares of fully vested Common Stock following the effectiveness of the S-8 Registration Statement. Other than Ms. Han, who elected to receive the shares, which will be granted in mid-2026, each of our directors elected to receive the cash payment.

Non-employee directors are reimbursed for reasonable out-of-pocket expenses actually incurred in connection with participation in or attendance at Board and committee meetings.

The table below describes the compensation earned by the non-employee directors for the year ended December 31, 2025.

Our Board adopted the Company’s Policy for Recovery of Erroneously Awarded Compensation (the “Clawback Policy”), effective as of October 2, 2023 in accordance with SEC rules and then-applicable Nasdaq listing standards. The Clawback Policy provides that, in the event that the Company is required to prepare an accounting restatement of our financial statements due to material noncompliance with financial reporting requirements, the Company must recover any incentive-based compensation received by any current or former executive officers during the three completed fiscal years immediately preceding the date of the applicable accounting restatement the amount of the incentive-based compensation received by such executive officer that exceeds the amount that would have been received had such incentive-based compensation been determined based on the restated financial reporting measure.

The following graphs set forth the relationships between the Company’s executives’ CAP relative to the Company’s TSR and net income (loss) over the last two completed fiscal years. Compensation actually paid to our named executive officers generally reflects the Company’s financial performance, as measured by net income (loss), and TSR over the periods presented.

Because we are a smaller reporting company, we are not required to provide (and we have not provided) relationship disclosure with respect to peer group total shareholder return or a company selected measure.

 

 

See Part III, Item 12. “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

The following table sets forth information known to us regarding the beneficial ownership of our common stock as of April 15, 2026 by:

Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including (i) options and warrants that are currently exercisable or exercisable within 60 days of April 15, 2026 and (ii) RSUs that are vested and have not been released or are scheduled to vest within 60 days of April 15, 2026. Except as described in the footnotes below and subject to applicable community property laws and similar laws, we believe that each person listed below has sole voting and investment power with respect to such shares. Unless otherwise noted, the address of each beneficial owner is c/o Latch, Inc., 1220 N. Price Rd, Suite 2, Olivette, Missouri 63132.

The beneficial ownership of our common stock is based on 164,257,801 shares of common stock issued and outstanding as of April 15, 2026. The information is based on Form 3s, Form 4s, Form 5s, Schedule 13Ds, Schedule 13Gs and Schedule 13G/As filed through April 15, 2026.

In addition to the compensation arrangements with directors and executive officers described in “Executive Compensation” above, the following is a description of each transaction since January 1, 2024, and each currently proposed transaction in which:

In connection with the HDW Acquisition⁽¹⁾, the Company and Jamie Siminoff entered into an employment agreement (the “Siminoff Employment Agreement”). Pursuant to the Siminoff Employment Agreement, for fiscal year 2024, Mr. Siminoff received an annual base salary of $200,000 and an annual bonus opportunity of $500,000. Mr. Siminoff’s annual bonus opportunity could adjust in accordance with the Share Price Thresholds set forth in the table below. The Share Price Thresholds would be measured based on the greater of (i) the Company’s highest 90 trading day volume-weighted average price (“VWAP”) in the first six months of the year for which such annual bonus was paid and (ii) the Company’s highest 60 trading day VWAP in the last six months of the year for which such annual bonus was paid:

The annual bonus described above was not initially subject to additional performance criteria (other than the Share Price Thresholds); provided, however, that beginning in 2025, the Compensation Committee was permitted to adjust the amount and terms of Mr. Siminoff’s annual compensation and was permitted to re-allocate annual compensation among customary fixed and variable components, and the variable components could be subject to customary performance and time-vesting criteria, in each case based upon advice from the Company’s independent compensation consultant.

On November 24, 2023, the Board approved the Siminoff compensation adjustment (i) in recognition of the Company’s extended restatement process and (ii) because the Company was, due to applicable securities rules and regulations, unable to award equity compensation to Mr. Siminoff pending completion of the restatement and delinquent periodic reports. Pursuant to the Siminoff compensation adjustment, which was effective as of November 1, 2023, Mr. Siminoff received additional annualized cash compensation of $1,550,000, payable in semi-monthly installments, through his December 31, 2024 separation date. Mr. Siminoff continued to receive his base salary (for total annualized compensation of $1,750,000) but was not eligible to receive any annual corporate bonus, including the annual bonus required by the Siminoff Employment Agreement, while the Siminoff compensation adjustment was in effect.

In connection with the HDW Acquisition, the Company and Mr. Siminoff entered into the Siminoff Stock Restriction Agreement. (the “Original Siminoff Stock Restriction Agreement”). Pursuant to the Original Siminoff Stock Restriction Agreement, in the event Mr. Siminoff ceased to be an employee of the Company

prior to July 3, 2028, the Company had the right to repurchase, for nominal consideration, all of Mr. Siminoff’s consideration shares, which represented approximately 19,075,349 shares of the Company’s common stock (the “Consideration Shares”), that had not already been released from transfer restriction, subject to certain exceptions. Upon an exit (as defined in the Original Siminoff Stock Restriction Agreement, an “Exit”), his shares would accelerate in an amount equal to the greater of (i) the number of Consideration Shares to which he was entitled pursuant to the Share Price Thresholds (with linear interpolation of shares based on the 60 trading day VWAP as of the date of Exit) and (ii) the number of Consideration Shares equal to the product of (a) his total Consideration Shares multiplied by (b) the quotient of (x) the number of calendar days between July 3, 2023 and his Exit divided by (y) 1,825; provided, however, that in no event would the number of Mr. Siminoff’s Consideration Shares that accelerate in connection with an Exit be less than 40% of the total number of his Consideration Shares.

On November 18, 2024, Mr. Siminoff and the Company entered into a Separation and Advisory Agreement and Release (the “Restated Restriction Agreement”), pursuant to which the Company and Mr. Siminoff agreed to amend and restate the Original Siminoff Stock Restriction Agreement. Pursuant to the Restated Restriction Agreement, (i) the Company exercised its repurchase option with respect to 15,260,279 shares, or 80% of the Consideration Shares held by Mr. Siminoff, and (ii) the 3,815,396 Consideration Shares that were not repurchased by the Company were subject to transfer restrictions and an amended repurchase option (the “Amended Repurchase Option”) pursuant to which the Company had a right to repurchase such remaining shares.

Mr. Siminoff served in an advisory role from his separation date through May 2025. In connection with the termination of Mr. Siminoff’s advisory services, the Company repurchased 0.8 million of the Consideration Shares from Mr. Siminoff, and 0.2 million Consideration Shares were released from the Amended Repurchase Option and transfer restrictions. The remaining 2,815,396 Consideration Shares continue to be subject to the Amended Repurchase Option.

On July 3, 2023, in connection with the consummation of the HDW Acquisition, the Company and certain of HDW’s stockholders, including Mr. Siminoff, entered into the 2023 Registration Rights Agreement (the “2023 Registration Rights Agreement”), pursuant to which the Company agreed to file a shelf registration statement registering the resale of the Registrable Securities (as defined in the 2023 Registration Rights Agreement) as promptly as reasonably practicable after the date on which the Company files its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 (and no later than the 20th business day following the filing date of such Quarterly Report). Up to twice in any 12-month period, such stockholders may request to sell all or any portion of their Registrable Securities in an underwritten offering so long as the total offering price is reasonably expected to exceed $25 million. The Company also agreed to provide customary “piggyback” registration rights to certain stockholders designated as “Major Equityholders,” subject to certain requirements and customary conditions. The 2023 Registration Rights Agreement also provides that the Company will pay certain expenses relating to such registrations and indemnify the stockholders against certain liabilities. In the event the Company is unable to file a registration statement required by the 2023 Registration Rights Agreement, the Company is not required to repurchase or settle any Registrable Securities.

In connection with the Business Combination⁽²⁾ in 2021, TS Innovation Acquisition Sponsor, L.L.C (the “Sponsor”) and TSIA’s directors and officers (collectively, the “Sponsor Agreement Parties’’) entered into an amended and restated letter agreement (the “Sponsor Agreement”) with TSIA and Legacy Latch, as defined in footnote (2) below. Under the Sponsor Agreement, the Sponsor Agreement Parties agreed, among other things, not to transfer any shares of our common stock until the earlier of (i) the one-year anniversary of the TSIA Closing Date, as defined in footnote (2) below, and (ii) (x) the date on which the last reported sale price of our common

stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations, and the like) for any 20 trading days within any 30 trading-day period commencing at least 150 days after the TSIA Closing Date or (y) the date on which Latch completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of Latch’s stockholders having the right to exchange their shares of our common stock for cash, securities or other property.

The Sponsor Agreement provides that 738,000 shares of our common stock held by the Sponsor (the “Unvested Shares”) will vest at such time as the Stock Price Level (as defined below) is achieved on or before the fifth anniversary of the closing of the Business Combination. In the event Latch enters into a binding agreement on or before such fifth anniversary related to certain sale transactions involving the shares of our common stock or all or substantially all the assets of Latch (a “Latch Sale”), the Unvested Shares will vest on the day prior to the closing of such Latch Sale if the per share price implied in such Latch Sale meets or exceeds the Stock Price Level. If the Unvested Shares remain unvested after the fifth anniversary of the closing of the Business Combination, such Unvested Shares will be forfeited.

The “Stock Price Level” will be considered achieved only (a) when the volume-weighted average price of our common stock on Nasdaq is greater than or equal to $14.00 for any 20 trading days within a 30 trading-day period or (b) the per share price implied in a Latch Sale is greater than or equal to $14.00.

In connection with the Business Combination, as defined in footnote (2) above, we and certain stockholders of Legacy Latch and TSIA, each, as defined in footnote (2) above, including (i) the Sponsor, (ii) entities affiliated with Bventures Leverco S-B, LLC (“Brookfield”), Lux Co-Invest Opportunities, L.P. (“Lux”), RRE Ventures VII, LP (“RRE Ventures”) and Avenir Latch Investors, LLC (“Avenir”), each of which held more than 5% of our outstanding capital stock at closing of the transactions contemplated by the Business Combination, and (iii) Luke Schoenfelder, Garth Mitchell, Michael Brian Jones, Ali Hussain, Peter Campbell, Patricia Han, Raju Rishi, J. Allen Smith, Robert J. Speyer and Andrew Sugrue, each of whom were officers of the Company or members of our Board, entered into an amended and restated registration rights agreement (the “2021 Registration Rights Agreement”). Pursuant to the 2021 Registration Rights Agreement, we filed a Registration Statement on Form S-1 with respect to the registrable securities under the 2021 Registration Rights Agreement. Certain Legacy Latch stockholders and TSIA stockholders may each request to sell all or any portion of their registrable securities in an underwritten offering up to two times in any 12-month period, so long as the total offering price is reasonably expected to exceed $75.0 million. We also agreed to provide customary “piggyback” registration rights. The 2021 Registration Rights Agreement also provides that we will pay certain expenses relating to such registrations and indemnify the stockholders against certain liabilities.

During the years ended December 31, 2024 and December 31, 2025, we sold hardware and software in the ordinary course of business to properties owned by affiliates of Tishman Speyer for approximately $0.1 million and $0.1 million, respectively. We charge market rates for products and services, and we believe the commercial arrangements with these customers were entered into on an arm’s-length basis.

At certain times during the year ended December 31, 2025, Pan-Am Equities Inc., collectively with certain individuals (“Pan-Am”), reported beneficial ownership in excess of 5% of our common stock. During the year ended December 31, 2025, we sold software in the ordinary course of business to properties owned by Pan-Am for approximately $0.07 million. We charge market rates for products and services, and we believe the commercial arrangements with these customers were entered into on an arm’s-length basis.

During the three months ended June 30, 2024, HelloTech, Inc. (“HelloTech”) entered into an agreement pursuant to which it would provide installation services to a third party customer (the “Install Customer”). During the three months ended December 31, 2024, an affiliate of Avenir became a 13% stockholder of the Install Customer, with a representative on the Install Customer’s board of directors. During the years ended December 31, 2024 and December 31, 2025, HelloTech received approximately $0.0 million and $1.3 million, respectively, in revenues from the Install Customer. HelloTech charges market rates to the Install Customer, and the agreement was entered into on an arm’s-length basis prior to both (i) the HelloTech Acquisition and (ii) Avenir’s investment in the Install Customer.

Mr. Siminoff is a limited partner in 14 entities owning properties (the “DPM Customers”) that were formerly managed by The Broadway Company, LLC (“Broadway”) and, as a result of the Property Management Acquisitions⁽³⁾, have been managed by Door Property Management, LLC, a subsidiary of the Company (“DPM”) since early 2024. In 2024, these DPM Customers paid a total of $1.2 million (gross) in various fees and costs to DPM, $0.3 million of which represents property management fees, with the remainder representing operational costs of the properties. Mr. Siminoff owns an average of 43% of the equity in the DPM Customers, ranging from 4% to 97%. Given that the properties owned by the DPM Customers have been cash flow positive since Mr. Siminoff’s ownership therein, Mr. Siminoff has not historically been required to contribute to any fee payments to Broadway or DPM.

We employed Mr. Mitura as Chief Product Officer between August 16, 2024 and November 26, 2024. Between January 1, 2024 and August 16, 2024, and again between November 26, 2024 and March 23, 2025, Mr. Mitura provided consulting services to the Company through his related entity. We paid the entity approximately $0.7 million for such services in 2024, and we paid the entity approximately $0.7 million in 2025. The consulting arrangement terminated on March 23, 2025.

Our Charter and Bylaws provide for indemnification and advancement of expenses for our directors and officers to the fullest extent permitted by Delaware law, subject to certain limited exceptions. We have entered into indemnification agreements with each member of our Board and several of our officers.

Our Board recognizes that transactions with related persons present a heightened risk of conflicts of interests (or the perception of such conflicts of interest). We have adopted a written policy on transactions with related persons that conforms with the requirements for Nasdaq-listed issuers. Under the policy, our legal and accounting departments are primarily responsible for developing and implementing processes and procedures to obtain information regarding related persons involved with potential related person transactions and then determining, based on the facts and circumstances, whether such potential related person transactions do, in fact, constitute related person transactions requiring compliance with the policy.

If our general counsel determines that a transaction or relationship is a related person transaction requiring compliance with the policy, our general counsel is required to present to the Audit Committee all relevant facts and circumstances relating to the proposed transaction. The Audit Committee will review the relevant facts and circumstances of each potential related person transaction, including if the transaction is on terms comparable to those that could be obtained in arm’s-length dealings with an unrelated third party and the extent of the related person’s interest in the transaction, take into account the conflicts of interest and corporate opportunity provisions of our Code of Ethics and either approve or disapprove the related person transaction. If advance Audit Committee approval of a related person transaction requiring the Audit Committee’s approval is not feasible, then the transaction may be preliminarily entered into by management upon prior approval of the transaction by the chair of the Audit Committee, subject to ratification of the transaction by the Audit Committee at the committee’s next regularly scheduled meeting. If the Audit Committee declines to ratify the transaction, management must make all reasonable efforts to cancel or annul the transaction.

If a transaction was not initially recognized as a related person transaction, then, upon such recognition, the transaction will be presented to the Audit Committee for ratification at the committee’s next regularly scheduled meeting. If the Audit Committee declines to ratify the transaction, management must make all reasonable efforts to cancel or annul the transaction.

Our management will update the Audit Committee as to any material changes to any approved or ratified related person transaction and will provide a status report at least annually of all then-current related person transactions. No director will be permitted to participate in approval of a related person transaction for which he or she is a related person.

Our Board has delegated to the officers of Latch the right to approve certain commercial agreements entered into with related parties on arm’s length terms (as determined by the officers of Latch) in the ordinary course of business. However, any such agreement that is reasonably likely to require, during the term of such agreement, annual payments to or by Latch in excess of $500,000 must receive approval in accordance with our related party transaction policy discussed above.

All related person transactions were reviewed and approved by the Audit Committee in accordance with the Company’s written related persons transactions policy.

We are furnishing you this Proxy Statement in connection with the solicitation of proxies by the Board to be used at the 2026 Annual Meeting and any postponement or adjournment thereof. We believe the virtual format will give all of our stockholders the opportunity to access and experience the 2026 Annual Meeting in a consistent and convenient manner.

There are many ways to reach us:

Virtual admission to the 2026 Annual Meeting will be limited to our stockholders of record, persons holding proxies from our stockholders, beneficial owners of our common stock, and our employees and directors. Stockholders and other authorized parties can visit www.virtualshareholdermeeting.com/LTCH2026 to attend the 2026 Annual Meeting, vote, and submit questions. You will need the 16-Digit Control Number from your Notice of Internet Availability of Proxy Materials (the “Notice”). Instructions on how to attend and participate via the internet, including how to demonstrate proof of stock ownership, are posted at www.proxyvote.com.

We are holding the 2026 Annual Meeting virtually via live webcast to provide our stockholders the opportunity to access and experience the 2026 Annual Meeting in a consistent and convenient manner for all of our stockholders. You will be able to attend the 2026 Annual Meeting online by visiting www.virtualshareholdermeeting.com/LTCH2026 and entering your 16-digit control number included in your Notice, on your proxy card, or on the instructions that accompanied your proxy materials.

Stockholders as of the close of business on Wednesday, April 15, 2026, are eligible to vote their shares at the 2026 Annual Meeting. As of the Record Date, 164,257,801 shares of our common stock were outstanding. Each share of common stock is entitled to one vote for each matter at the 2026 Annual Meeting. Cumulative voting is not permitted in the election of directors.

A majority of the shares entitled to vote, present virtually or represented by proxy, constitutes a quorum. If you vote by telephone or internet or by returning your proxy card, you will be considered part of the quorum. Abstentions and broker non-votes will be counted for purposes of determining a quorum. If a quorum is not present, the meeting may be adjourned from time to time until a quorum is obtained.

As permitted by SEC rules, we have elected to send a Notice to our stockholders instead of paper copies of our proxy materials. This approach conserves natural resources and reduces the costs of printing and distribution while providing stockholders with a convenient way to access the information they need. The Notice explains how to access our proxy materials over the internet and how to request a paper copy of proxy materials, including a proxy card or voting instruction form, if you wish. The Notice also explains how you can request to receive future proxy materials in printed form by mail or electronically by email. Any election to receive proxy materials by mail or email will remain in effect until it is terminated.

You may vote via the virtual meeting website, www.virtualshareholdermeeting.com/LTCH2026, during the 2026 Annual Meeting. However, we encourage you to vote in advance by one of the following methods:

Yes. Voting in advance simply ensures that your shares will be counted if your plans change.

You may revoke your proxy before it is voted by submitting a new proxy with a later date (by mail, telephone, or the internet), by voting at the 2026 Annual Meeting, or by filing a written revocation with our Corporate Secretary. Your most recent proxy card or internet or telephone proxy is the one that is counted. Your attendance at the 2026 Annual Meeting will not automatically revoke your proxy.

If your shares are held in street name, you may change or revoke your voting instructions by following the specific directions provided to you by your bank or broker, or you may vote online at the 2026 Annual Meeting using your 16-digit control number or otherwise voting through your bank or broker.

The named proxies will vote your shares according to your directions to the extent provided. If you sign and return your proxy but do not make all of the selections, the named proxies will vote your shares: (i) FOR the election of each of the six nominees for director, (ii) FOR the ratification of the appointment of BDO USA, P.C. as Latch’s independent registered public accounting firm for the fiscal year ending December 31, 2026, and (iii) FOR the compensation of our named executive officers.

Generally, brokers may not vote the shares they hold in “street name” for their customers unless they have received instructions, except with respect to so-called “routine” matters. The only matter to be voted on at the 2026 Annual Meeting that is considered routine for these purposes is the ratification of the appointment of our independent registered public accounting firm. Accordingly, if you do not give specific voting instructions, your broker may not vote your shares on the election of directors or the approval of say-on-pay, resulting in a so-called “broker non-vote.” Please be sure to give specific voting instructions to your broker so your shares will be counted.

Stockholders are encouraged to submit questions ahead of the 2026 Annual Meeting by emailing investors@door.com. Stockholders may also submit questions during the 2026 Annual Meeting via our virtual stockholder meeting website. A webcast replay of the 2026 Annual Meeting will be available on www.virtualshareholdermeeting.com/LTCH2026 approximately 24 hours after the conclusion of the 2026 Annual Meeting and remain accessible for one year.

Questions should be succinct and only cover a single topic. We will not address questions that are, among other things:

If we experience technical difficulties during the virtual meeting (e.g., a temporary or prolonged power outage), we will determine whether the meeting can be promptly reconvened (if the technical difficulty is temporary) or whether the meeting will need to be reconvened on a later day. In any situation, we will promptly notify stockholders of the decision via www.virtualshareholdermeeting.com/LTCH2026.

If you encounter technical difficulties accessing our meeting or asking questions during the meeting, the telephone number for a support line will be available on the login page of the virtual meeting website.

Latch has adopted so-called “householding” procedures. This means we will deliver a single copy of the Notice and, if printed versions are requested, this Proxy Statement and the Annual Report to Stockholders for

the fiscal year ended December 31, 2025, to multiple stockholders who share the same address. Householding will significantly reduce our meeting’s environmental impact and reduce our printing and mailing costs. Stockholders who participate in householding will continue to receive separate proxy cards.

If you do not want to participate in householding, you may email, call, or write to Latch to request and receive, free of charge, a separate copy of the Notice, this Proxy Statement, or the Annual Report to Stockholders for the fiscal year ended December 31, 2025, or separate copies of any future notices, proxy statements, or annual reports. Our contact information is at the beginning of these FAQs.

If you prefer to receive separate copies of the proxy statement or annual report, please contact Broadridge Financial Solutions, Inc. by calling 1-866-540-7095 or in writing at 51 Mercedes Way, Edgewood, New York 11717, Attention: Householding Department.

We encourage you to contact the bank, broker, or other organization that holds your shares to elect to participate in householding if you receive more than one copy of the proxy materials at a single address.

We know of no other business that will be presented at the 2026 Annual Meeting. If any other matter properly comes before the stockholders for a vote at the 2026 Annual Meeting, however, the proxy holders named on Latch’s proxy card will vote your shares in accordance with their best judgment.

The accompanying proxy is solicited by and on behalf of our Board, and Latch will bear the cost of our solicitation. Proxies may be solicited by mail, virtually, or via email by our directors, officers, or employees, none of whom will receive additional compensation for those efforts. We are asking brokers and others holding shares of common stock of record for the benefit of others to distribute proxy soliciting materials to, and request voting instructions from, such beneficial owners. We will reimburse nominee holders for their reasonable out-of-pocket expenses.

We will announce preliminary voting results at the 2026 Annual Meeting, and we will publish final results in a Current Report on Form 8-K that will be filed with the SEC within four business days of the 2026 Annual Meeting. You may obtain a copy of this and other reports free of charge at www.door.com/investors, by contacting our Investor Relations Department at investors@door.com, or by accessing the SEC’s website at www.sec.gov.

We must receive stockholder proposals to be included in Latch’s proxy statement and form of proxy relating to the 2027 annual meeting of stockholders no later than December 31, 2026. Upon timely receipt of any such proposal, Latch will determine whether to include the proposal in the proxy statement and proxy in accordance with applicable SEC regulations.

Our Bylaws provide certain procedures for stockholders who wish to nominate a candidate for election as a director at an annual meeting of stockholders or to introduce an item of business at an annual meeting of stockholders. In general, to nominate a candidate for director, a stockholder must provide written notice to our Corporate Secretary between February 10, 2027 and March 12, 2027 (unless the 2027 annual meeting date is before May 11, 2027, or after August 9, 2027, in which case we must receive such notice not later than the close of business on the later of 90 days before such annual meeting date or ten days after we first publicly announce the date of such annual meeting), for the 2027 annual meeting of stockholders. That notice must contain the name and address of the stockholder and the number of shares of our common stock beneficially owned by the stockholder. If the notice relates to a nomination for director, it must also include the name and addresses of the candidate; the background, qualifications, stock ownership, and independence of such proposed nominee; the proposed nominee’s completed and signed representation and agreement as provided in Section 2.5(f) of our Bylaws; and any other information that would be required to be disclosed in solicitations of proxies for the election of directors. Latch may require any proposed nominee to furnish such other information as may reasonably be required to determine the proposed nominee’s eligibility to serve as director. Notice of an item of business must be received by Latch between the dates set forth above and must include a brief description of the proposed business and any material interest of the stockholder in such business.

The chair of the meeting may refuse to allow the transaction of any business not presented, or to acknowledge the nomination of any person not made, in compliance with the foregoing procedures. You may request a copy of our Bylaws by contacting our Corporate Secretary at investors@door.com.

If a stockholder’s notice regarding a stockholder proposal or director nomination is received after the applicable deadline, our proxy materials for the 2027 annual meeting of stockholders may confer discretionary authority to vote on such matter without any discussion of the matter in the proxy statement for our 2027 annual meeting of stockholders.

Latch’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC, including financial statements and schedules thereto, is being made available to our stockholders concurrently with this Proxy Statement at www.proxyvote.com and does not form part of the proxy solicitation material. Stockholders may obtain without charge another copy of the Annual Report on Form 10-K, excluding certain exhibits, by sending an email to investors@door.com or writing to 1220 N. Price Road, Suite 2, Olivette, MO 63132, Attn: Investor Relations. You also may access this Proxy Statement and Latch’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, at https://door.com/financials-filings.