Latham Group (SWIM) VP gets stock awards and withholds shares for taxes

Rhea-AI Filing Summary

Latham Group, Inc. vice president and controller Suraj Kunchala reported mixed equity transactions in company common stock. He received two stock awards at no cost and surrendered shares to cover taxes. On March 5, 2026, he acquired 1,849 shares as a grant. On March 6, 2026, he acquired an additional 9,524 restricted stock units, with 3,174 shares scheduled to vest on each of March 6, 2027 and 2028, and 3,176 shares on March 6, 2029. On March 7, 2026, he disposed of 978 shares at $6.30 per share in a tax-withholding transaction related to performance stock units earned under the 2021 Omnibus Equity Incentive Plan. Following the latest transaction, he directly owned 71,115 shares of Latham Group common stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Kunchala Suraj

Role VICE PRESIDENT & CONTROLLER

Type	Security	Shares	Price	Value
Tax Withholding	Common stock, par value $0.0001 per share	978	$6.30	$6K
Grant/Award	Common stock, par value $0.0001 per share	9,524	$0.00	--
Grant/Award	Common stock, par value $0.0001 per share	1,849	$0.00	--

Holdings After Transaction: Common stock, par value $0.0001 per share — 71,115 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. 3,174 shares will vest on each of March 6, 2027 and 2028. 3,176 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^*

Kunchala Suraj

(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)
	VICE PRESIDENT & CONTROLLER

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		1,849(1)	A	$0	62,569	D
Common stock, par value $0.0001 per share	03/06/2026		A		9,524(2)	A	$0	72,093	D
Common stock, par value $0.0001 per share	03/07/2026		F		978	D	$6.3	71,115	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. 3,174 shares will vest on each of March 6, 2027 and 2028. 3,176 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 did Latham Group (SWIM) executive Suraj Kunchala report on this Form 4?

Suraj Kunchala reported receiving two stock awards and a related tax-withholding share disposition. He acquired performance stock units and restricted stock units at no cost, then surrendered 978 shares at $6.30 per share to satisfy tax obligations tied to the equity compensation.

How many Latham Group (SWIM) shares did Suraj Kunchala acquire in these grants?

He acquired 1,849 shares on March 5, 2026 and 9,524 restricted stock units on March 6, 2026. The 9,524-unit grant vests in tranches during 2027, 2028, and 2029, reflecting ongoing equity-based compensation rather than open-market share purchases.

What was the purpose of the 978 Latham Group (SWIM) shares disposed by Suraj Kunchala?

The 978 shares were disposed at $6.30 per share to cover tax liabilities. This was a tax-withholding disposition associated with performance stock units, not an open-market sale, and is classified under transaction code F in the insider trading report.

How many Latham Group (SWIM) shares does Suraj Kunchala hold after these transactions?

After the most recent transaction on March 7, 2026, Suraj Kunchala directly owned 71,115 shares of Latham Group common stock. This figure reflects his holdings after the tax-withholding share disposition related to the performance stock unit award.

How do the new restricted stock units for Latham Group (SWIM) vest over time?

The 9,524 restricted stock units granted March 6, 2026 vest in three installments. 3,174 shares vest on March 6, 2027, another 3,174 on March 6, 2028, and the remaining 3,176 shares vest on March 6, 2029, subject to applicable conditions.

What are the key terms of the performance stock units reported by Latham Group (SWIM)?

The performance stock units were earned over a one-year performance period from a grant dated March 7, 2025. These PSUs are scheduled to vest on March 7, 2028 under Latham Group’s 2021 Omnibus Equity Incentive Plan, providing longer-term incentive alignment.