Life Time Announces Share Repurchase of Common Stock

Life Time (NYSE: LTH) agreed to repurchase 2,192,500 shares at $28.60 per share for an aggregate $62,705,500 in a private transaction funded with cash on hand under the board-approved repurchase program.

Rhea-AI Summary

Life Time (NYSE: LTH) agreed to repurchase 2,192,500 shares at $28.60 per share for an aggregate $62,705,500 in a private transaction funded with cash on hand under the board-approved repurchase program.

Separately, Selling Stockholders will sell 8,770,000 shares to an affiliate of Atairos at $28.60 per share (aggregate $250,822,000), with the Investor Purchase expected to settle in two tranches subject to customary closing conditions including HSR clearance. Post-closings, Leonard Green, TPG and Partners Group are estimated to hold ~8.5%, 6.1% and 1.3% of common stock (based on 222,602,738 shares outstanding as of May 1, 2026).

Positive

• Share repurchase of 2,192,500 shares for $62,705,500
• Repurchase funded with cash on hand under board program
• Investor purchase commits $250,822,000 from Atairos affiliate

Negative

• Selling Stockholders sold a total of 10,962,500 shares
• Investor Purchase settlement subject to Hart‑Scott‑Rodino waiting period

Argus May 6 session

+14.33% close to close Open Argus

Details

News Market Reaction – LTH

In the May 6 session, LTH gained 14.33%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +14.3% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +14.3% in the session following this news. A strong positive reaction aligns with the announced buyback of 2,192,500 shares at $28.60, signaling capital deployment toward equity alongside previously disclosed repurchase authorization. The move occurs while LTH trades above its 200-day MA and within 16.04% of its 52-week high. Investors may also weigh recent expansion openings and sale‑leaseback proceeds when assessing how sustainable the strength could be.

Key Figures

Shares repurchased: 2,192,500 shares Repurchase price: $28.60 per share Repurchase value: $62,705,500 +5 more

Shares repurchased

2,192,500 shares

Company share repurchase from existing stockholders

Repurchase price

$28.60 per share

Price for company share repurchase

Repurchase value

$62,705,500

Aggregate purchase price for company share repurchase

Shares to Atairos

8,770,000 shares

Common stock sold by selling stockholders to Atairos affiliate

Atairos purchase value

$250,822,000

Aggregate purchase price in private transaction

Total shares sold

10,962,500 shares

Combined shares sold by selling stockholders

Shares outstanding

222,602,738 shares

Common stock outstanding as of May 1, 2026

Sponsor stakes post‑deal

8.5%, 6.1%, 1.3%

Post‑transaction holdings of Leonard Green, TPG, Partners Group

Historical Context

5 past events · Latest: May 04

5 events

1. May 04

   Club opening

   24h Move

   -1.5%

   Opening of Life Time Ocotillo athletic country club in Gilbert, Arizona.

2. Apr 30

   Club opening

   24h Move

   +2.2%

   Launch of Life Time Paradise Valley luxury athletic country club in Phoenix.

3. Apr 30

   Sale‑leaseback deal

   24h Move

   +2.2%

   Closed sale‑leasebacks on five properties, generating about $200M in proceeds.

4. Apr 29

   Brand partnership

   24h Move

   -0.2%

   LT Pro 48 named official ball of Major League Pickleball 2026 season.

5. Apr 28

   ESG initiative

   24h Move

   +0.5%

   Life Time Foundation highlighted >$3M in environmental grants since late 2023.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase, common stock, private transaction

3 terms

share repurchase financial

"Life Time ... announced today that it has agreed to purchase an aggregate of 2,192,500 shares..."

A share repurchase is when a company uses cash to buy its own shares from the market, reducing the number of shares available to outside investors. Like a homeowner buying back rooms in a shared house to increase their own stake, repurchases can raise earnings per share and often signal management thinks the stock is undervalued, but they also use up cash that could have gone to dividends, investments, or debt reduction — all important considerations for investors.

common stock financial

"purchase an aggregate of 2,192,500 shares of its common stock at a price of $28.60 per share..."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

private transaction financial

"for an aggregate purchase price of $62,705,500 in a private transaction (the "Share Repurchase")..."

A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHANHASSEN, Minn., May 5, 2026 /PRNewswire/ -- Life Time Group Holdings, Inc. (NYSE: LTH) ("Life Time" or the "Company") announced today that it has agreed to purchase an aggregate of 2,192,500 shares of its common stock at a price of $28.60 per share for an aggregate purchase price of $62,705,500 in a private transaction (the "Share Repurchase") from certain of its existing stockholders, including affiliates of Leonard Green & Partners, L.P., TPG Inc. and Partners Group (USA) Inc. (the "Selling Stockholders").

In addition to the Share Repurchase, the Selling Stockholders informed the Company that they have agreed to sell 8,770,000 shares of the Company's common stock at a price of $28.60 per share for an aggregate purchase price of $250,822,000 to an affiliate of Atairos Group, Inc. in a private transaction exempt from registration under the Securities Act of 1933 (the "Investor Purchase"), for a total of 10,962,500 shares sold by the Selling Stockholders. The Investor Purchase is expected to be settled in two tranches, with the second tranche of shares of Common Stock related to the Investor Purchase expected to be acquired after satisfaction of customary closing conditions, including that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired or been terminated.

Following the closings of the Share Repurchase and the Investor Purchase, funds associated with Leonard Green & Partners, L.P., funds associated with TPG Inc. and funds associated with Partners Group (USA) Inc. will hold approximately 8.5%, 6.1% and 1.3%, respectively, of the Company's common stock (based on 222,602,738 shares outstanding as of May 1, 2026).

The Company intends to fund the Share Repurchase with cash on hand. The Share Repurchase is being conducted pursuant to the Company's stock repurchase program approved by its board of directors in February 2026.

About Life Time
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its more than 190 athletic country clubs across the U.S. and Canada, the complementary and comprehensive Life Time app featuring its L•AI•C™ AI-powered health companion, and more than 25 iconic athletic events. Serving people ages 90 days to 90+ years, the Life Time ecosystem uniquely delivers healthy living, healthy aging, and healthy entertainment experiences, a range of unique healthy way of life programs, highly trusted LTH nutritional supplements and more. Recognized as a Great Place to Work®, the Company is committed to upholding an exceptional culture for its over 45,000 team members.

About Atairos
Atairos is an independent strategic investment company focused on supporting growth-oriented businesses across a wide range of industries. Atairos provides a unique combination of active strategic partnership and patient long-term capital to high-potential companies and their management teams. Atairos was launched in 2016 and has over $6 billion of equity capital. Atairos has offices in New York City and Philadelphia. For more information, please visit www.atairos.com.

Cautionary Statement Concerning Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of federal securities regulations. Forward-looking statements in this press release include, but are not limited to, statements relating to the consummation of the Investor Purchase. These statements are based on the beliefs and assumptions of the Company's management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning the Company's possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

Factors that could cause actual results to differ materially from those forward-looking statements included in this press release include the factors discussed under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 24, 2026 (File No. 001-40887), as such factors may be updated from time to time in the Company's other filings with the SEC, which are accessible on the SEC's website at www.sec.gov. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that the Company makes in this press release speaks only as of the date of such statement. Except as required by law, the Company does not have any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Life Time Group Holdings, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Life Time (LTH) announce about the May 5, 2026 share repurchase?

Life Time announced a private repurchase of 2,192,500 shares at $28.60 per share, totaling $62,705,500. According to the company, the repurchase will be funded with cash on hand under a board-approved program from February 2026.

How many shares is Atairos buying from Life Time selling stockholders and at what price?

An Atairos affiliate agreed to buy 8,770,000 shares at $28.60 per share, totaling $250,822,000. According to the company, that Investor Purchase is expected to settle in two tranches, subject to customary closing conditions.

Will the Life Time (LTH) Investor Purchase close immediately or are there conditions?

The Investor Purchase is expected to close in two tranches and is conditional on customary closing requirements. According to the company, one condition is expiration or termination of the Hart‑Scott‑Rodino waiting period.

How will the transactions affect major holders like Leonard Green, TPG, and Partners Group?

After the closings, those funds are estimated to hold about 8.5%, 6.1% and 1.3% of common stock, respectively. According to the company, the percentages are based on 222,602,738 shares outstanding as of May 1, 2026.

How is Life Time funding the share repurchase and under what authorization?

Life Time will fund the repurchase with cash on hand and is conducting it under its board-approved repurchase program. According to the company, the repurchase program was approved by the board in February 2026.