Latham Group (NYSE: SWIM) CIO receives stock awards and withholds shares for taxes

Rhea-AI Filing Summary

Latham Group, Inc. CIO & CISO Dhruv Kaushal Bhikhesh reported a mix of equity awards and a tax-related share disposition. On March 5, 2026, he acquired 4,797 shares of common stock through a grant. On March 6, 2026, he received a further grant of 24,604 restricted stock units at a stated price of $0.00 per share. Footnotes explain that 8,201 of these units vest on each of March 6, 2027 and 2028, and 8,202 vest on March 6, 2029. A separate footnote describes performance stock units granted on March 7, 2025 that will vest on March 7, 2028. On March 7, 2026, he disposed of 2,500 shares at $6.30 per share in a transaction coded as tax-withholding, meaning shares were used to cover tax obligations rather than sold in an open-market trade.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Dhruv Kaushal Bhikhesh

Role CIO & CISO

Type	Security	Shares	Price	Value
Tax Withholding	Common stock, par value $0.0001 per share	2,500	$6.30	$16K
Grant/Award	Common stock, par value $0.0001 per share	24,604	$0.00	--
Grant/Award	Common stock, par value $0.0001 per share	4,797	$0.00	--

Holdings After Transaction: Common stock, par value $0.0001 per share — 402,996 shares (Direct)

Footnotes (1)

1. Indicates performance stock units ("PSUs") earned over a one year performance period as granted on March 7, 2025 under the Issuer's 2021 Omnibus Equity Incentive Plan. The PSUs will vest on March 7, 2028. Represents restricted stock units granted on March 6, 2026. 8,201 shares will vest on each of March 6, 2027 and 2028. 8,202 shares will vest on March 6, 2029.

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Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Dhruv Kaushal Bhikhesh

(Last) (First) (Middle)

C/O LATHAM GROUP, INC.

787 WATERVLIET SHAKER ROAD

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CIO & CISO

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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
Common stock, par value $0.0001 per share	03/05/2026		A		4,797(1)	A	$0	380,892	D
Common stock, par value $0.0001 per share	03/06/2026		A		24,604(2)	A	$0	405,496	D
Common stock, par value $0.0001 per share	03/07/2026		F		2,500	D	$6.3	402,996	D

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

Explanation of Responses:

1. Indicates performance stock units ("PSUs") earned over a one year performance period as granted on March 7, 2025 under the Issuer's 2021 Omnibus Equity Incentive Plan. The PSUs will vest on March 7, 2028.

2. Represents restricted stock units granted on March 6, 2026. 8,201 shares will vest on each of March 6, 2027 and 2028. 8,202 shares will vest on March 6, 2029.

Remarks:

	/s/ Patrick M. Sheller, Attorney-in-Fact	03/09/2026
	** 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 transactions did SWIM executive Dhruv Kaushal Bhikhesh report?

He reported equity grants and a tax-withholding share disposition. Two awards added 4,797 and 24,604 shares of common stock, while 2,500 shares were disposed of to cover tax liabilities rather than through an open-market sale, according to the Form 4 details.

Were the SWIM insider grants to Dhruv Kaushal Bhikhesh cash purchases or stock awards?

They were stock awards, not cash purchases. The Form 4 lists acquisitions coded as grants with a transaction price of $0.00 per share, indicating equity compensation awards rather than open-market buying of Latham Group, Inc. common stock.

How many Latham Group (SWIM) shares were granted to Dhruv Kaushal Bhikhesh?

He was granted 4,797 shares on March 5, 2026 and 24,604 restricted stock units on March 6, 2026. These awards increase his direct holdings through equity compensation rather than market purchases, as reflected by the acquisition transaction codes on the Form 4.

What is the nature of the 2,500-share disposition reported for SWIM stock?

The 2,500-share disposition is coded as a tax-withholding transaction. Shares of Latham Group, Inc. common stock were delivered to satisfy tax obligations related to equity awards, rather than being sold in an ordinary market sale for investment purposes.

When do Dhruv Kaushal Bhikhesh’s SWIM restricted stock units vest?

Restricted stock units granted March 6, 2026 vest over three years. According to the footnote, 8,201 shares vest on March 6, 2027 and 2028, and 8,202 shares vest on March 6, 2029, creating a multi-year vesting schedule tied to continued service.

What are the performance stock units mentioned in the SWIM Form 4 footnote?

The filing notes performance stock units earned over a one-year period from a March 7, 2025 grant. These PSUs, issued under the 2021 Omnibus Equity Incentive Plan, are scheduled to vest on March 7, 2028, contingent on the performance conditions that determined the earned amount.