Dhruv Kaushal Bhikhesh 4

What Happened Dhruv Kaushal Bhikhesh, CIO & CISO of Latham Group, surrendered 6,485 shares on March 15, 2026 to satisfy tax obligations tied to an option exercise. The shares were recorded at $6.02 each, for a total value of approximately $39,040. This was a tax-withholding disposition (code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-03-15; filing date: 2026-03-16 (filed promptly).
• Shares surrendered/disposed: 6,485 at $6.02 per share; total ≈ $39,040.
• Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: not specified in the provided filing details.
• No indication this was a 10b5-1 plan or a gift; the filing shows routine tax withholding.

Context This type of transaction commonly follows an options exercise where the issuer withholds shares to cover taxes or exercise costs (a cashless/tax-surrender action). Such withholdings are administrative and generally not read as a bearish insider sale; they reflect tax obligations rather than a decision to take investment gains off the table.