Sanjeev Bahl - Jan 24, 2023 Form 4 Insider Report for Latham Group, Inc. (SWIM)

Role
COO LATHAM GROUP, INC.
Signature
/s/ Patrick M. Sheller, Attorney-in-Fact
Stock symbol
SWIM
Transactions as of
Jan 24, 2023
Transactions value $
-$13,078
Form type
4
Date filed
1/25/2023, 05:51 PM
Previous filing
Mar 7, 2022
Next filing
Mar 3, 2023

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 +10.3K +50% 30.9K Jan 24, 2023 Direct F1, F2, F3
transaction SWIM Common Stock, par value $0.0001 per share Sale -$13.1K -3.65K -11.84% $3.58 27.2K Jan 24, 2023 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted on 02/01/2022. The RSUs will vest in three equal installments on each anniversary of January 24, 2022. 10,288 RSUs vested on January 24, 2023. 10,288 RSUs will vest on January 24, 2024 and 10,288 RSUs will vest on January 24, 2025.
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 The reporting person has previously reported awards of RSUs in Table II of Form 4. The total reported in column 5 includes 20,576 RSUs previously reported in Table II and 10,288 shares of common stock.
F4 Represents shares of common stock sold in an automatic "sell-to-cover" transaction to cover taxes due on the RSUs that vested on Janaury 24, 2023.
F5 The reporting person has previously reported awards of RSUs in Table II of Form 4. The total reported in column 5 includes 20,576 RSUs previously reported in Table II and 6,635 shares of common stock.

Remarks:

Exhibit 24.1, Power of Attorney, is attached.