Director-linked entities of Life Time (NYSE: LTH) sell 3.0M shares, retain large stake
Rhea-AI Filing Summary
Life Time Group Holdings director-associated entities sold a large block of shares. On 2026-05-21, entities linked to director John G. Danhakl sold 3,006,100 shares of Life Time Group Holdings, Inc. common stock in open‑market transactions at a price of $32.51 per share.
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 13,236,283 shares of common stock. Danhakl may be deemed an indirect beneficial owner but expressly disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Director-linked entities sold 3.0M LTH shares but retain a sizable stake.
Entities associated with director John G. Danhakl executed an open‑market sale of 3,006,100 shares of Life Time Group Holdings, Inc. common stock at $32.51 per share. The transaction is clearly coded as an open‑market sale rather than a grant, exercise, or tax‑related event.
Post‑transaction, Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC collectively hold 13,236,283 shares, indicating a remaining substantial position. Danhakl may be deemed an indirect beneficial owner for Section 16 purposes but disclaims beneficial ownership except for his pecuniary interest, underscoring that these are entity‑level transactions rather than personal trades.
As a single open‑market sale without derivative activity or disclosed trading plan context, this looks like portfolio rebalancing by sponsor‑related vehicles. The overall investment thesis impact depends on how this block size compares with the company’s total shares outstanding, which is not detailed in the provided information.
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. 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.