LGP Associates to sell 97,678 LTH shares via J.P. Morgan (NYSE: LTH)
Rhea-AI Filing Summary
LGP Associates VI-A LLC filed a Form 144 reporting proposed sales of 97,678 shares of the issuer's common stock (par value $0.01) of LTH. The notice lists the shares as originally acquired from the issuer or via automatic conversion of preferred stock, with sales to be effected through J.P. Morgan Securities LLC.
The filing also discloses a completed sale of 8,301 shares on 05/07/2026 for $261,149.46. The Form identifies the exchange as NYSE and includes a filing date of 05/21/2026.
Positive
- None.
Negative
- None.
Insights
Form 144 signals a holder-initiated resale of listed common shares through a broker-dealer.
The filing lists 97,678 shares offered for sale by a holder identified as LGP Associates VI-A LLC, with execution via J.P. Morgan Securities LLC. The notice cites acquisition by cash or automatic conversion of preferred stock.
Cash-flow treatment to the issuer is not stated; proceeds would generally go to the selling holder. Subsequent trading activity will depend on whether the holder executes block trades or market sales under the broker arrangement.
Form 144 is a statutory notice required for certain resale exemptions, not a company action.
The filing names the seller, the issuer, and the broker, and reports a prior sale of 8,301 shares on 05/07/2026 for $261,149.46. It also states the shares were acquired on 10/12/2021 or by automatic conversion.
Regulatory timing and eligibility depend on Rule 144 conditions; this notice documents intent to sell and a recent completed transaction but does not itself effect a transfer of title.