Director-linked funds at Life Time (NYSE: LTH) sell 4.99M shares, keep large stake
Rhea-AI Filing Summary
Life Time Group Holdings director-affiliated entities reported a large open-market stock sale. Investment vehicles Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC sold a total of 4,991,749 shares of Life Time Group Holdings Common Stock at an average price of $31.46 per share.
After these transactions, the entities together still owned 16,242,383 shares of Common Stock. Director John Kristofer Galashan may be deemed an indirect beneficial owner through his roles with these entities, but he disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
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Insights
Large director-linked entities sold 4.99M Life Time shares but retained a sizable stake.
Entities associated with director John Kristofer Galashan sold 4,991,749 shares of Life Time Group Holdings Common Stock at $31.46 per share in open-market transactions. The sale was executed by funds and LLCs, not in Galashan’s personal account.
Following the sale, these entities collectively held 16,242,383 shares, indicating they remain significant holders. Galashan may be deemed an indirect beneficial owner for Section 16 purposes but expressly disclaims beneficial ownership beyond his pecuniary interest. The filing does not reference any Rule 10b5-1 trading plan, so timing context is not provided here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,991,749 | $31.46 | $157.04M |
Footnotes (1)
- Represents 4,900,722 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"), 8,301 shares of Common Stock sold by LGP Associates VI-A LLC ("Associates VI-A"), and 82,726 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, 15,946,196 shares are owned by Green LTF, 27,009 shares are owned by Associates VI-A, and 269,178 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.