Life Time (LTH) Files Form 144 for $91.8M Block Sale
Rhea-AI Filing Summary
Life Time Group Holdings, Inc. (LTH) submitted a Form 144 notice for a proposed sale of 3,123,218 shares of common stock on the NYSE with an aggregate market value of $91,760,144.84, and an approximate sale date of 09/11/2025. The filing shows the shares were originally acquired on 10/12/2021 from the issuer or via automatic conversion of preferred stock, and the acquisition record lists 37,639,159 shares acquired on that date. Payment is noted as cash and/or automatic conversion. The filer reports no securities sold by the account in the past three months and includes the required certification that the seller is not aware of undisclosed material adverse information about the issuer.
Positive
- Required disclosure filed under Rule 144 detailing the proposed sale and acquisition history
- No sales in the past three months reported for the account, clarifying resale aggregation
Negative
- Large proposed sale of 3,123,218 shares with an aggregate market value of $91,760,144.84 which could increase share supply near the sale date
- Significant portion of shares acquired on one date (37,639,159 on 10/12/2021) indicating concentrated prior holdings
Insights
TL;DR: A significant block of LTH common stock is slated for sale, disclosed under Rule 144 with standard acquisition history and no recent sales reported.
The Form 144 notifies the market of a proposed sale of 3,123,218 LTH shares valued at $91.76 million, to be executed through BofA Securities on the NYSE. The notice documents that the shares were acquired on October 12, 2021, either directly from the issuer or via automatic conversion of preferred shares, and that payment involved cash and/or conversion mechanisms. The filing also confirms no sales in the prior three months, which is relevant for Rule 144 aggregation and resale timing. This disclosure is procedural but material for trading liquidity and potential supply pressure on the stock around the stated sale date.
TL;DR: The Form 144 appears complete and includes the required seller certification; it does not allege undisclosed material information.
The notice contains the standard representations required by Rule 144, including a signer representation that they are unaware of undisclosed material adverse information. The filing lists the broker (BofA Securities) and provides acquisition details indicating shares originated from the issuer or conversion of preferred stock on October 12, 2021. There are no reported sales by the account in the prior three months, which clarifies aggregation considerations under the rule. From a governance perspective, the filing is a routine disclosure that fulfils public transparency obligations ahead of a sizable proposed sale.