57.67M-share sale notice from LTH (NYSE: LTH) filed under Form 144

Rhea-AI Filing Summary

LTH reported a Form 144 sale notice for 57,670,520 shares of its common stock acquired on 10/12/2021. The filing states the shares were acquired from the issuer and/or upon the automatic conversion of preferred stock and that the acquisition method was cash and/or automatic conversion.

Insights

Securities Transactions Attorney

Form 144 notifies the market of an intended resale under Section 15(g) rules.

Form 144 is a notice of an intended sale by an affiliate or insider; it does not itself execute a sale. The filing lists 57,670,520 shares acquired on 10/12/2021 by cash and/or automatic conversion.

Whether shares actually trade and in what size depends on subsequent transactions and any Rule 144 volume/timing constraints; timing and actual proceeds are not stated in the excerpt.

Capital Markets Analyst

Large Form 144 notices can signal potential near‑term selling pressure, but they are routine disclosures.

The notice lists a sizeable share quantity: 57,670,520 shares. The excerpt also shows numeric entries (157,754,241.18 and 222,602,738) but does not label their meaning clearly in the excerpt provided.

Actual market impact depends on whether and how the holder sells; subsequent trade reports or additional filings will show executed dispositions.

Key Figures

Shares listed for resale: 57,670,520 shares Numeric entry: 157,754,241.18 Numeric entry: 222,602,738

3 metrics

Shares listed for resale 57,670,520 shares acquired on 10/12/2021 by cash and/or automatic conversion

Numeric entry 157,754,241.18 numeric value present in excerpt (label not specified)

Numeric entry 222,602,738 numeric value present in excerpt (label not specified)

Key Terms

Form 144, automatic conversion, Seller

3 terms

Form 144 regulatory

"Securities To Be Sold / Securities Sold During The Past 3 Months"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

automatic conversion financial

"The shares ... were originally acquired by Seller from the Issuer and/or upon the automatic conversion"

Seller other

"The shares of Common Stock reported herein were originally acquired by Seller from the Issuer"

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common stock, par value $0.01 per share	Morgan Stanley & Co. LLC 1585 Broadway New York NY 10036	4900722	157754241.18	222602738	05/07/2026	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common stock, par value $0.01 per share	10/12/2021	The shares of Common Stock reported herein were originally acquired by Seller from the Issuer and/or upon the automatic conversion of shares of Preferred Stock of the Issuer into shares of Common Stock.	Issuer			57670520	10/12/2021	Cash and/or automatic conversion of shares of Preferred Stock of the Issuer into shares of Common Stock.

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does LTH's Form 144 filing mean?

It notifies the SEC and market of an intended resale of restricted or control securities. The filing lists 57,670,520 shares acquired on 10/12/2021 via cash and/or automatic conversion and signals a holder may seek to sell under Rule 144 conditions.

Does Form 144 mean the shares have been sold?

No — Form 144 is a notice of intent to sell, not proof of sale. The excerpt lists the quantity intended for resale; actual sales would appear in subsequent transaction reports or trade records.

Who received proceeds from the shares in LTH's filing?

The excerpt does not specify a purchaser; it states the seller acquired shares from the issuer and/or by automatic conversion. The filing does not state who will receive proceeds or the intended buyers.

Are there timing or volume limits tied to this Form 144?

Rule 144 imposes volume and holding-period constraints on resales by affiliates. The excerpt does not state specific timing; any limits would be governed by Rule 144 and the holder's circumstances, not detailed in the provided text.