2,208,580 Life Time Group Holdings (LTH) shares sold at $28.60
Rhea-AI Filing Summary
Life Time Group Holdings director-associated entities completed a large share sale. Entities linked to director John Kristofer Galashan sold 2,208,580 shares of Life Time Group Holdings, Inc. common stock at an average price of $28.60 per share in a private transaction exempt from registration.
The sale was executed by Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC. After these transactions, entities associated with Galashan collectively reported holding 11,027,703 shares of common stock. Galashan may be deemed an indirect beneficial owner of these securities but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director-linked entities sold 2.21M Life Time shares but retain a sizable stake.
Entities associated with director John Kristofer Galashan sold 2,208,580 shares of Life Time Group Holdings, Inc. common stock at $28.60 per share in a private, unregistered transaction. The sale is coded as an open-market or private disposition of non-derivative common stock.
Following the sale, these entities still report ownership of 11,027,703 shares, including 10,826,609 shares at Green LTF, 18,337 at Associates VI-A, and 182,757 at Associates VI-B. Galashan may be deemed an indirect beneficial owner for Section 16 purposes but explicitly disclaims beneficial ownership beyond his pecuniary interest, which limits how directly this transaction reflects his personal investment stance.
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. 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.