Jason Duva - Dec 16, 2021 Form 4 Insider Report for Latham Group, Inc. (SWIM)

Role: Gen. Counsel & Chief Admin Off
Signature: /s/ Jason Duva
Stock symbol: SWIM
Transactions as of: Dec 16, 2021
Transactions value $: -$635,567
Form type: 4
Date filed: 12/17/2021, 03:30 PM
Next filing: Jan 12, 2022

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		+51.3K	+1026.32%		56.3K	Dec 16, 2021	Direct	F1, F3
transaction	SWIM	Common Stock, par value $0.0001 per share	Tax liability	-$636K	-26K	-46.11%	$24.48^*	30.3K	Dec 16, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SWIM	Restricted Stock Units	Options Exercise	$0	-51.3K	-100%	$0.00^*	0	Dec 16, 2021	Common Stock	51.3K		Direct	F3, F4
transaction	SWIM	Stock option (right to buy)	Award	$0	+72.7K		$0.00	72.7K	Apr 22, 2021	Common Stock	72.7K	$19.00	Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the settlement upon vesting of restricted stock units.
F2	The reporting person is reporting the withholding by the Issuer of an aggregate of 26,187 shares of common stock (from the shares of common stock issued upon settlement upon vesting of restricted stock units) to satisfy payment of the reporting person's tax withholding obligations.
F3	Restricted stock units convert into common stock on a one-for-one basis.
F4	The reporting person was granted these restricted stock units on April 27, 2021, with the restricted stock units vesting on the nine-month anniversary of April 27, 2021. The vesting of the restricted stock units was accelerated to December 15, 2021.
F5	The stock options were issued on 4/22/2021 and will vest in four equal installments (rounded to the nearest whole number) on each anniversary of April 22, 2021.