Dhruv Kaushal Bhikhesh 4

What Happened

• Dhruv Kaushal Bhikhesh, Chief Information Officer & Chief Information Security Officer of Latham Group (SWIM), received equity awards totaling 29,401 shares (awarded at $0.00) and had 2,500 shares disposed to cover tax withholding for proceeds of $15,750 (2,500 × $6.30). The awards consist of performance stock units (PSUs) and restricted stock units (RSUs); the disposal was a tax-withholding event (code F), not an open-market sale.

Key Details

• Transactions and prices:
  • 2026-03-05: 4,797 shares awarded (A) at $0.00 — PSUs (see footnote F1).
  • 2026-03-06: 24,604 shares awarded (A) at $0.00 — RSUs (see footnote F2).
  • 2026-03-07: 2,500 shares disposed (F) at $6.30 each; proceeds = $15,750 (tax withholding).
• Vesting / footnotes:
  • F1: The 4,797 PSUs were earned under a prior grant (March 7, 2025) and will vest on March 7, 2028.
  • F2: The 24,604 RSUs (granted March 6, 2026) vest in three annual tranches: 8,201 on March 6, 2027; 8,201 on March 6, 2028; and 8,202 on March 6, 2029.
• Shares owned after the transactions: not stated in the filing.
• Filing timeliness: Form filed on 2026-03-09 for transactions through 2026-03-07; this appears to be timely (filed within the required two business days).

Context

• These transactions are awards (acquisitions of equity units) and a routine tax-withholding disposition. PSUs vest based on performance/time and RSUs vest over future dates — neither of which are immediate open-market purchases or sales conveying near-term trading intent. The 2,500-share disposition was to satisfy tax obligations (common practice when equity awards vest).