LTH affiliate notifies SEC of 2,868,000-share sale (NYSE: LTH)

Rhea-AI Filing Summary

LTH Files Form 144 to sell 2,868,000 shares of Common Stock. The filing states 2,868,000 shares of Common Stock (par value $0.01) are to be sold, with the shares originally acquired on 10/12/2021 by cash and/or upon automatic conversion of preferred stock. The transaction is reported through a broker-dealer listing Morgan Stanley & Co. LLC as the broker.

Insights

Equity Capital Markets Analyst

Routine Rule 144 affiliate resale notice for 2,868,000 shares.

The filing lists a proposed resale of 2,868,000 shares of Common Stock that were acquired on 10/12/2021, including shares obtained via the "automatic conversion of shares of Preferred Stock of the Issuer into shares of Common Stock." The listed broker is Morgan Stanley & Co. LLC.

Cash-flow treatment and timing details for actual sales are not specified in the excerpt; subsequent trading activity will depend on holder decisions and any applicable Rule 144 conditions.

Key Figures

Shares proposed for resale: 2,868,000 shares Par value: $0.01 per share Acquisition date: 10/12/2021 +1 more

4 metrics

Shares proposed for resale 2,868,000 shares listed on Form 144 as securities to be sold

Par value $0.01 per share Common stock par value as stated in the filing

Acquisition date 10/12/2021 date when the shares were originally acquired or converted

Broker-dealer Morgan Stanley & Co. LLC named broker in the Form 144 notice

Key Terms

automatic conversion of shares of Preferred Stock, Form 144, broker-dealer

3 terms

automatic conversion of shares of Preferred Stock financial

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

Form 144 regulatory

"CONTENT METADATA: form_type "144""

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.

broker-dealer financial

"Common stock ... | Morgan Stanley & Co. LLC 1585 Broadway"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

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	325046	10463230.74	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 Issuer and/or upon the automatic conversion of shares of Preferred Stock of the Issuer into shares of Common Stock.	Issuer			2868000	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 disclose?

It discloses a proposed resale of 2,868,000 shares of common stock. The shares were acquired on 10/12/2021 by cash and/or automatic conversion of preferred stock, and a broker-dealer (Morgan Stanley) is listed in the notice.

Who is listed as the broker for the LTH sale?

Morgan Stanley & Co. LLC is named as the broker-dealer. The filing shows the broker's address as 1585 Broadway, New York, NY, consistent with a broker-mediated resale under Rule 144.

How many shares is the LTH affiliate seeking to sell under Rule 144?

The filing lists 2,868,000 shares for resale. The notice ties those shares to an acquisition date of 10/12/2021, with cash purchase and/or automatic conversion from preferred stock.

Were the shares originally issued or converted for LTH?

The shares were acquired by cash and/or automatic conversion of preferred stock. The filing explicitly states the shares were originally acquired from the issuer and/or upon automatic conversion of preferred into common stock on 10/12/2021.

Does the Form 144 specify when the shares will be sold?

The excerpt does not state specific sale timing or transaction dates. It lists the quantity and acquisition date but does not provide execution timing or proceeds recipients in the provided text.