Life Time Group (NYSE: LTH) entities sell 2,208,580 shares in private deal
Rhea-AI Filing Summary
Life Time Group Holdings director-affiliated entities sold a significant block of shares. Investment vehicles associated with director John G. Danhakl sold 2,208,580 shares of Life Time Group Holdings, Inc. common stock at $28.60 per share in private transactions exempt from registration under the Securities Act of 1933.
The sales were made by Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC. After these transactions, these entities together held 11,027,703 shares of Life Time Group common stock. Danhakl may be deemed an indirect beneficial owner through these entities but expressly disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director-linked entities executed a sizable private share sale but retain a large position.
Entities associated with director John G. Danhakl sold 2,208,580 shares of Life Time Group Holdings, Inc. common stock at $28.60 per share in private, unregistered transactions. These are open-market-type sales in terms of economics but executed privately.
The filing shows these entities still own 11,027,703 shares of common stock after the sale, so they retain substantial exposure. The footnotes clarify that Danhakl may be deemed an indirect beneficial owner for Section 16 purposes, yet he disclaims beneficial ownership beyond his pecuniary interest, which is a standard legal position in such structures.
Because there are no related derivative exercises, tax withholdings, or disclosed trading plans, this appears as a straightforward reduction by affiliated funds rather than a mechanical or pre-scheduled event. Actual impact depends on how this block compares with the company’s overall share count, which is not detailed in this excerpt.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,208,580 | $28.60 | $63.17M |
Footnotes (1)
- Represents 2,168,305 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"), 3,673 shares of Common Stock sold by LGP Associates VI-A LLC ("Associates VI-A"), and 36,602 shares of Common Stock sold by LGP Associates VI-B LLC ("Associates VI-B"), in each case in a private transaction exempt from registration under the Securities Act of 1933. Represents shares of Common Stock owned by Green LTF, Associates VI-A, and Associates VI-B. Of the shares of Common Stock reported, 10,826,609 shares are owned by Green LTF, 18,337 shares are owned by Associates VI-A, and 182,757 shares are owned by Associates VI-B. Mr. Danhakl 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. Danhakl 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.