LTH files Form 144 for 4,900,945 shares via BofA — $143.99M value
Rhea-AI Filing Summary
Life Time Group Holdings, Inc. (LTH) submitted a Form 144 notice for a proposed sale of common stock. The filing names BofA Securities, Inc. as the broker and lists 4,900,945 shares proposed to be sold with an aggregate market value of $143,989,764.10. The approximate date of sale is 09/11/2025 and the securities are listed on the NYSE. The shares to be sold were originally acquired on 10/12/2021 from the issuer or via automatic conversion of preferred stock, and the acquisition record shows 57,670,520 shares acquired on that date with payment described as cash and/or automatic conversion.
Positive
- Complete Rule 144 disclosure including broker, share counts, acquisition history, and seller representation about material nonpublic information
- Brokered sale through BofA Securities provides an established market channel for execution
Negative
- Large proposed sale amount: 4,900,945 shares with an aggregate market value of $143,989,764.10, which could be sizable relative to free float
- Concentration of originally acquired shares: the filing shows 57,670,520 shares acquired on 10/12/2021, indicating substantial insider-related holdings being transacted
Insights
TL;DR: A significant insider-related sale notice: ~4.9M shares valued at ~$144M slated for sale via BofA on 09/11/2025.
The Form 144 discloses a proposed brokered sale of 4,900,945 shares on the NYSE through BofA Securities with an aggregate market value of $143,989,764.10. The filing states these shares were acquired on 10/12/2021 from the issuer or via automatic conversion of preferred stock; the record also lists 57,670,520 shares acquired on that date. This is a standard Rule 144 notice that permits resale by affiliates or insiders under certain conditions. The filing contains no information about recent sales in the prior three months and includes the required representation regarding material nonpublic information.
TL;DR: Proper procedural disclosure appears filed; no material nonpublic information is claimed.
The notice includes broker details, share counts, acquisition history, and an explicit representation that the seller does not possess undisclosed material adverse information. It documents the nature of payment as cash and/or automatic conversion and reports there were no reportable sales in the past three months. From a compliance perspective, the filing meets Rule 144 disclosure elements; it does not, however, provide context on potential market impact or intent beyond the proposed sale.