Latham Group (SWIM) CEO granted 907,591 stock appreciation rights

Rhea-AI Filing Summary

Sean Gadd, President and CEO of Latham Group, Inc., reported a new equity award in the form of a stock appreciation right. On January 5, 2026, he received a SAR covering 907,591 shares of common stock at a conversion price of $6.44 per share, with no cash price paid for the derivative itself.

The SAR will vest over three years, with 25% vesting on each of the first and second anniversaries of the grant date and the remaining 50% vesting on the third anniversary. Following this grant, Gadd beneficially owns 907,591 derivative securities directly through this SAR position.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gadd Sean

(Last) (First) (Middle)

C/O LATHAM GROUP, INC.

787 WATERVLIET SHAKER RD

(Street)

LATHAM NY 12110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Latham Group, Inc. [ SWIM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$6.44	01/05/2026		A		907,591		(1)	01/05/2036	Common stock, par value $0.0001 per share	907,591	$0	907,591	D

Explanation of Responses:

1. The stock appreciation right ("SAR") was granted and effective on January 5, 2026, and will vest as to 25% on each of the first and second anniversaries of the grant date, with the remaining 50% to vest on the third anniversary of the grant date.

	/s/ Patrick M. Sheller, Attorney-in-Fact	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Latham Group (SWIM) report for Sean Gadd?

The filing reports that Sean Gadd, President and CEO of Latham Group, Inc., received a stock appreciation right (SAR) on January 5, 2026, covering 907,591 shares of common stock.

How many shares are covered by Sean Gadd’s new stock appreciation right at Latham Group (SWIM)?

The stock appreciation right granted to Sean Gadd covers 907,591 shares of Latham Group common stock, according to the Form 4.

What is the exercise or conversion price of Sean Gadd’s Latham Group stock appreciation right?

The stock appreciation right has a conversion or exercise price of $6.44 per share of Latham Group common stock.

How does the vesting schedule work for Sean Gadd’s Latham Group stock appreciation right?

The SAR granted on January 5, 2026 will vest as to 25% on each of the first and second anniversaries of the grant date, with the remaining 50% vesting on the third anniversary.

Is Sean Gadd’s reported Latham Group transaction a purchase or a grant?

The Form 4 shows a grant of a stock appreciation right with transaction code "A" for acquisition of a derivative security, rather than an open-market purchase or sale of shares.

Does Sean Gadd hold the Latham Group stock appreciation right directly or indirectly?

The filing lists ownership of the 907,591 stock appreciation right units as direct (D), with no separate entity noted for indirect beneficial ownership.