STOCK TITAN

Large LTH holder TPG VII Magni SPV plans 3.2M-share resale (LTH)

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

TPG VII Magni SPV, L.P., a stockholder of the issuer of LTH, filed notice of a proposed resale of 3,202,754 shares of common stock, par value $0.01 per share, through J.P. Morgan Securities LLC, with an aggregate market value of $140,312,652.74 and 223,461,948 shares of this class outstanding, with sales expected to begin on 08/10/2026 on the NYSE. The seller originally acquired 37,639,159 shares in 2021 from the issuer and/or via automatic conversion of preferred stock, and has sold 1,880,759 shares for $61,143,475.09 on 05/21/2026 in the last three months.

Positive

  • None.

Negative

  • None.
Planned shares to be sold 3,202,754 shares Common stock, par value $0.01 per share, to be sold beginning 08/10/2026
Aggregate market value of planned sale $140,312,652.74 Value of 3,202,754 shares of common stock proposed for resale
Shares outstanding for this class 223,461,948 shares Outstanding common stock, par value $0.01 per share
Shares sold in past 3 months 1,880,759 shares Common stock sold on 05/21/2026 by the same selling stockholder
Value of past 3-month sales $61,143,475.09 Proceeds from 1,880,759 shares sold on 05/21/2026
Originally acquired shares 37,639,159 shares Common stock acquired on 10/12/2021 via purchase and/or automatic conversion of preferred stock
automatic conversion financial
"upon the automatic conversion of shares of Preferred Stock of the Issuer into shares of Common Stock"
par value financial
"Common stock, par value $0.01 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
preferred stock financial
"conversion of shares of Preferred Stock of the Issuer into shares of Common Stock"
Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.
resale financial
"The shares of Common Stock reported herein were originally acquired by Seller from Issuer"
Resale is the act of selling an item, asset, or security by someone who previously bought it rather than by the original maker or issuer. It matters to investors because resale activity affects how easily an investment can be sold, the price buyers are willing to pay, and the potential profit or loss — like selling a used car: condition, demand and market rules determine what you can get for it.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

What share sale is disclosed for LTH in this Form 144 filing?

The selling stockholder plans to resell 3,202,754 shares of LTH common stock, with an indicated aggregate market value of $140,312,652.74, on or after 08/10/2026 through J.P. Morgan Securities LLC on the NYSE.

Who is selling LTH shares and through which broker?

The filing lists TPG VII Magni SPV, L.P. as the selling stockholder and J.P. Morgan Securities LLC as the broker. The transaction involves common stock, par value $0.01 per share, to be sold on the NYSE starting 08/10/2026.

How many LTH shares are outstanding for this class of stock?

The filing reports 223,461,948 shares of the issuer’s common stock, par value $0.01 per share, as outstanding. This figure provides context for the planned resale of 3,202,754 shares disclosed by the selling stockholder.

What LTH share sales occurred in the past three months?

In the past three months, the selling stockholder sold 1,880,759 shares of LTH common stock on 05/21/2026 for total proceeds of $61,143,475.09. These transactions are reported as prior sales alongside the new proposed resale.

When and how were the LTH shares originally acquired by the seller?

The seller acquired 37,639,159 shares of LTH common stock on 10/12/2021, either directly from the issuer or via automatic conversion of preferred stock. The filing cites cash consideration and/or automatic preferred-to-common conversion as the acquisition method.

Does the issuer of LTH receive proceeds from this planned share sale?

The planned transaction is a resale by an existing stockholder. The disclosed details describe sales of already-held common stock by TPG VII Magni SPV, L.P., rather than a new issuance of shares by the issuer itself.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature