Jason A. Duva - 16 Dec 2021 Form 4 Insider Report for Latham Group, Inc. (SWIM)

Role
Gen. Counsel & Chief Admin Off
Signature
/s/ Jason Duva
Issuer symbol
SWIM
Transactions as of
16 Dec 2021
Net transactions value
-$635,567
Form type
4
Filing time
17 Dec 2021, 15:30:38 UTC
Next filing
12 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SWIM Common Stock, par value $0.0001 per share Options Exercise +51,316 +1026% 56,316 16 Dec 2021 Direct F1, F3
transaction SWIM Common Stock, par value $0.0001 per share Tax liability $635,567 -25,968 -46% $24.48* 30,348 16 Dec 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SWIM Restricted Stock Units Options Exercise $0 -51,316 -100% $0.000000* 0 16 Dec 2021 Common Stock 51,316 Direct F3, F4
transaction SWIM Stock option (right to buy) Award $0 +72,738 $0.000000 72,738 22 Apr 2021 Common Stock 72,738 $19.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement upon vesting of restricted stock units.
F2 The reporting person is reporting the withholding by the Issuer of an aggregate of 26,187 shares of common stock (from the shares of common stock issued upon settlement upon vesting of restricted stock units) to satisfy payment of the reporting person's tax withholding obligations.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 The reporting person was granted these restricted stock units on April 27, 2021, with the restricted stock units vesting on the nine-month anniversary of April 27, 2021. The vesting of the restricted stock units was accelerated to December 15, 2021.
F5 The stock options were issued on 4/22/2021 and will vest in four equal installments (rounded to the nearest whole number) on each anniversary of April 22, 2021.