SCHEDULE 13G/A 0001730145 XXXXXXXX LIVE 1 Common stock, par value $0.0001 per share 09/30/2025 0001833197 Latham Group, Inc. 51819L107 787 WATERVLIET SHAKER ROAD LATHAM NY 12110 Rule 13d-1(c) Voss Value Master Fund, LP E9 1250000.00 0.00 1250000.00 0.00 1250000.00 N 1.07 PN Voss Value-Oriented Special Situations Fund, LP TX 150000.00 0.00 150000.00 0.00 150000.00 N 0.13 PN Voss Advisors GP, LLC TX 1400000.00 0.00 1400000.00 0.00 1400000.00 N 1.20 OO Voss Capital, LP TX 4350000.00 150000.00 4350000.00 150000.00 4500000.00 N 3.86 OO Cocke Travis W. X1 4350000.00 150000.00 4350000.00 150000.00 4500000.00 N 3.86 IN Latham Group, Inc. The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are: Voss Value Master Fund, L.P. ("Voss Value Master Fund"), Voss Value-Oriented Special Situations Fund, L.P. ("Voss Value-Oriented Special Situations Fund"), Voss Advisors GP, LLC ("Voss GP"), Voss Capital, L.P. ("Voss Capital"), and Travis W. Cocke. Voss Value Master Fund 3773 Richmond, Suite 500 Houston, Texas 77046 Voss Value-Oriented Special Situations Fund 3773 Richmond, Suite 500 Houston, Texas 77046 Voss GP 3773 Richmond, Suite 500 Houston, Texas 77046 Voss Capital 3773 Richmond, Suite 500 Houston, Texas 77046 Travis W. Cocke 3773 Richmond, Suite 500 Houston, Texas 77046 Voss Value Master Fund Cayman Islands Voss Value-Oriented Special Situations Fund Texas Voss GP Texas Voss Capital Texas Travis W. Cocke USA Y As of the close of business on September 30, 2025: (i) Voss Value Master Fund beneficially owned 1,250,000 shares of common stock, par value $0.0001 per share, of the Issuer (the "Shares). (ii) Voss Value-Oriented Special Situations Fund beneficially owned 150,000 Shares. (iii) Voss GP, as the general partner of Voss Value Master Fund and Voss Value-Oriented Special Situations Fund, may be deemed the beneficial owner of the (i) 1,250,000 Shares beneficially owned by Voss Value Master Fund and (ii) 150,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund. (iv) Voss Capital, as the investment manager of Voss Value Master Fund, Voss Value-Oriented Special Situations Fund and certain accounts managed by Voss Capital (the "Voss Managed Accounts"), may be deemed the beneficial owner of the (i) 1,250,000 Shares beneficially owned by Voss Value Master Fund, (ii) 150,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 3,100,000 Shares held in the Voss Managed Accounts. (v) Mr. Cocke, as the managing member of each of Voss Capital and Voss GP, may be deemed the beneficial owner of the (i) 1,250,000 Shares owned by Voss Value Master Fund, (ii) 150,000 Shares beneficially owned by Voss Value-Oriented Special Situations Fund and (iii) 3,100,000 Shares held in the Voss Managed Accounts. The aggregate percentage of the Shares reported owned by each person named herein is based upon 116,542,059 Shares outstanding as of August 1, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025. As of the close of business on September 30, 2025: (i) Voss Value Master Fund may be deemed to beneficially own approximately 1.07% of the outstanding Shares; (ii) Voss Value-Oriented Special Situations Fund may be deemed to beneficially own less than 1.0% of the outstanding Shares; (iii) Voss GP may be deemed to beneficially own approximately 1.20% of the outstanding Shares; (iv) Voss Capital may be deemed to beneficially own approximately 3.86% of the outstanding Shares (approximately 2.66% of the outstanding Shares are held in the Voss Managed Accounts); and (v) Mr. Cocke may be deemed to beneficially own approximately 3.86% of the outstanding Shares. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. N Y Y Y N See Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on April 1, 2025. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Voss Value Master Fund, LP /s/ Travis W. Cocke 11/14/2025 Voss Value-Oriented Special Situations Fund, LP /s/ Travis W. Cocke 11/14/2025 Voss Advisors GP, LLC /s/ Travis W. Cocke 11/14/2025 Voss Capital, LP /s/ Travis W. Cocke 11/14/2025 Cocke Travis W. /s/ Travis W. Cocke 11/14/2025