J. MARK BORSETH - 24 Jul 2023 Form 4 Insider Report for Latham Group, Inc. (SWIM)

Role
INTERIM CFO
Signature
/s/ Patrick M. Sheller, Attorney-in-Fact
Issuer symbol
SWIM
Transactions as of
24 Jul 2023
Net transactions value
-$153,739
Form type
4
Filing time
25 Jul 2023, 20:44:31 UTC
Previous filing
22 Feb 2023
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 Award $0 +213,212 +33% $0.000000 858,802 24 Jul 2023 Direct F1, F2
transaction SWIM Common Stock, par value $0.0001 per share Sale $153,739 -39,035 -4.5% $3.94 819,767 25 Jul 2023 Direct F3
holding SWIM Common Stock, par value $0.0001 per share 645,590 24 Jul 2023 Direct
* 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 7/24/2023. The RSUs vest in two equal installments. 106,606 RSUs vested on July 24, 2023 and 106,606 RSUs will vest on December 27, 2023.
F2 Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3 Represents shares sold in an automatic "sell to cover" transaction to cover taxes due on the RSUs that vested on July 24, 2023.