Life Time (LTH) Files Form 144 for 325,061-Share Sale Worth $9.55M
Rhea-AI Filing Summary
Life Time Group Holdings, Inc. (LTH) filed a Form 144 notice reporting a proposed sale of common stock. The filer intends to sell 325,061 shares through BofA Securities, Inc. at an aggregate market value of $9,550,292.18, with an approximate sale date of 09/11/2025 on the NYSE. The company has 219,996,102 shares outstanding, so the contemplated sale represents about 0.15% of outstanding shares. The reported shares were acquired on 10/12/2021 (2,868,000 shares originally acquired by the seller, including automatic conversions from preferred stock) and were paid for in cash and/or via automatic conversion. The filer reports no securities sold in the past three months and provides the standard representation that they are not aware of any undisclosed material adverse information about the issuer.
Positive
- Clear disclosure of broker (BofA Securities), share count (325,061), and aggregate market value ($9,550,292.18)
- Filing indicates no prior sales by the seller in the past three months, simplifying aggregation considerations
- Acquisition details provided (shares acquired 10/12/2021; includes automatic conversion from preferred stock)
Negative
- Insider sale planned for 325,061 shares (approximately 0.15% of 219,996,102 outstanding shares), which could be viewed negatively by some investors
- Aggregate market value of $9.55 million represents meaningful monetary liquidity being realized by the seller
Insights
TL;DR Insider plans to sell a small stake (~0.15% of shares), disclosed transparently via Form 144.
The filing documents a proposed sale of 325,061 common shares through BofA Securities with an aggregate market value of $9.55 million. Relative to the 219.99 million shares outstanding, this is immaterial in size and unlikely to move the market by itself. The shares were originally acquired on 10/12/2021, including automatic conversions from preferred stock, and no sales by the seller were reported in the prior three months. For investors, the key takeaway is routine insider liquidity rather than a large, dilutive or strategic transaction.
TL;DR Form 144 provides required disclosure of proposed insider sale; filing appears compliant and routine.
The notice meets Rule 144 disclosure requirements by specifying class, broker, share count, market value, acquisition details, and the seller's representation about material information. The filing flags that the shares were acquired via issuer transactions and automatic conversion, and that payment was cash and/or conversion-based. No sales in the prior three months were reported, which simplifies aggregation rules. From a governance perspective, the document reflects standard compliance with securities sale notification obligations.