LTH (NYSE: LTH) files Form 144 for 3.46M-share resale via Morgan Stanley

Rhea-AI Filing Summary

LTH submitted a Form 144 notice for proposed sale of 3,464,630 shares of Common Stock (par value $0.01). The shares were acquired on 10/12/2021 from the issuer and/or upon automatic conversion of Preferred Stock. Sales are reported through Morgan Stanley & Co. LLC.

Insights

Securities Compliance Counsel

Rule 144 notice for resale of restricted shares via broker-dealer.

The filing lists 3,464,630 shares of Common Stock acquired on 10/12/2021, including shares from automatic conversion of Preferred Stock. The filing identifies Morgan Stanley & Co. LLC as the broker-dealer.

Under Rule 144, this notice indicates an intent to sell restricted or control stock under resale conditions; actual sale timing, price, and cash-flow recipients are not stated in the excerpt. Subsequent trade reports or a Form 4/5 would show completed transactions and cash-flow details.

Key Figures

Shares proposed for resale: 3,464,630 shares Par value: $0.01 per share Acquisition date: 10/12/2021 +3 more

6 metrics

Shares proposed for resale 3,464,630 shares listed as "Securities To Be Sold" acquired 10/12/2021

Par value $0.01 per share Common stock par value stated on the form

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

Broker-dealer Morgan Stanley & Co. LLC identified as the broker handling potential resale

Exchange listing NYSE exchange indicated on the form

Filing date (excerpt) 05/07/2026 date appearing in the excerpt alongside exchange code

Key Terms

automatic conversion, Form 144, broker-dealer

3 terms

automatic conversion financial

"automatic conversion of shares of Preferred Stock of the Issuer into shares of Common Stock"

Form 144 regulatory

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

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

"Morgan Stanley & Co. LLC 1585 Broadway New York NY 10036"

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	392665	12639886.35	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			3464630	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 report?

LTH's Form 144 reports a proposed resale of 3,464,630 shares of Common Stock acquired on 10/12/2021. It notifies the market and identifies the broker-dealer handling potential sales, but it does not confirm completed trades.

Who is the broker listed on the Form 144 for LTH?

The Form 144 names Morgan Stanley & Co. LLC at 1585 Broadway, New York, NY, as the broker-dealer. This indicates the broker planned to facilitate any resale transactions referenced in the notice.

Were the shares acquired by LTH through conversion?

Yes. The filing states the shares were originally acquired from the issuer and/or upon the automatic conversion of Preferred Stock into Common Stock on 10/12/2021, per the statement in the report.

Does Form 144 mean the shares have been sold?

No. Form 144 notifies intent to sell restricted or control securities under resale conditions. The filing itself does not confirm execution; separate trade reports would confirm completed sales and proceeds.