Affiliated funds tied to Galashan trim Life Time (LTH) stake
Rhea-AI Filing Summary
Life Time Group Holdings, Inc. director John Kristofer Galashan reported an indirect open-market sale of 3,006,100 shares of Common Stock at $32.51 per share. According to the disclosure, the shares were sold by affiliated entities Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC. After these transactions, these entities together hold 13,236,283 shares of Common Stock. Galashan may be deemed an indirect beneficial owner of these securities but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Large indirect share sale by affiliated funds tied to an LTH director.
The filing shows affiliated entities of director John Kristofer Galashan sold 3,006,100 shares of Life Time Group Holdings Common Stock at $32.51 per share in an open-market transaction. These are indirect holdings through investment vehicles, not personal direct ownership.
Post-transaction, the entities still own 13,236,283 shares, indicating a sizable remaining position. Galashan may be deemed an indirect beneficial owner but disclaims beneficial ownership beyond his pecuniary interest, which is typical language for fund-affiliated insiders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,006,100 | $32.51 | $97.73M |
Footnotes (1)
- Represents 2,951,282 shares of the Issuer's Common Stock, par value $0.01 per share (the "Common Stock") sold by Green LTF Holdings II LP ("Green LTF"), 4,999 shares of Common Stock sold by LGP Associates VI-A LLC ("Associates VI-A"), and 49,819 shares of Common Stock sold by LGP Associates VI-B LLC ("Associates VI-B"). Represents shares of Common Stock owned by Green LTF, Associates VI-A, and Associates VI-B. Of the shares of Common Stock reported, 12,994,914 shares are owned by Green LTF, 22,010 shares are owned by Associates VI-A, and 219,359 shares are owned by Associates VI-B. Mr. Galashan directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the securities owned by Green LTF, Associates VI-A, and Associates VI-B. Mr. Galashan disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.