Leonard Green funds sell 2.2M Life Time shares
Sentiment and the balance of points
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Rhea-AI Filing Summary
Life Time Group Holdings, Inc. reported that investment entities affiliated with Leonard Green & Partners, including Green LTF Holdings II LP, LGP Associates VI-A LLC and LGP Associates VI-B LLC, collectively sold 2,208,580 shares of Common Stock in private transactions at $28.60 per share, exempt from registration under the Securities Act of 1933. After these sales, the reporting entities continue to hold multi‑million share positions, and they each disclaim beneficial ownership of shares not held of record, except to the extent of their pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,168,305 | $28.60 | $62.01M |
| Sale | Common Stock | 3,673 | $28.60 | $105K |
| Sale | Common Stock | 36,602 | $28.60 | $1.05M |
Footnotes (9)
- F1. Represents 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") in a private transaction exempt from registration under the Securities Act of 1933.
- F2. Represents shares of Common Stock held by Green LTF.
- F3. Green Equity Investors VI, L.P. ("GEI VI") and Green Equity Investors Side VI, L.P. ("GEI Side VI") are limited partners of Green LTF. GEI Capital VI, LLC ("Capital") is the general partner of GEI VI and GEI Side VI. Leonard Green & Partners, L.P. ("LGP") is the management company of GEI VI and GEI Side VI, and an affiliate of Capital. LGP Management, Inc. ("LGPM") is the general partner of LGP. Green VI Holdings, LLC ("Holdings") is a limited partner of GEI VI. Peridot Coinvest Manager LLC ("Peridot") is the general partner of Green LTF and the management company of LGP Associates VI-A LLC ("Associates VI-A") and LGP Associates VI-B LLC ("Associates VI-B").
- F4. Each of Green LTF, Associates VI-A, Associates VI-B, GEI VI, GEI Side VI, Holdings, Capital, LGP, LGPM, and Peridot 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 some or all of the securities held by Green LTF, Associates VI-A and Associates VI-B and, therefore, a "ten percent holder" hereunder.
- F5. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein and not held for record by such Reporting Person, except to the extent of its pecuniary interest therein. This report shall not otherwise be deemed an admission that the Reporting Persons are the beneficial owners of such securities not held of record by the respective Reporting Person, for purposes of Section 16 or for any other purpose.
- F6. Represents shares of Common Stock sold by Associates VI-A in a private transaction exempt from registration under the Securities Act of 1933.
- F7. Represents shares of Common Stock held by Associates VI-A.
- F8. Represents shares of Common Stock sold by Associates VI-B in a private transaction exempt from registration under the Securities Act of 1933.
- F9. Represents shares of Common Stock held by Associates VI-B.
Key Figures
Key Terms
private transaction financial
exempt from registration regulatory
indirect beneficial owner regulatory
pecuniary interest financial
ten percent holder regulatory
FAQ
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What did Leonard Green-affiliated holders do in this Life Time (LTH) Form 4?
Do Leonard Green-affiliated entities claim full beneficial ownership of Life Time (LTH) shares?
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