Leonard Green funds trim Life Time (LTH) stake with 2.2M-share sale
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,208,580 shares ($63,165,388)
Net Sell
3 txns
Insider
Green LTF Holdings II LP, GEI Capital VI, LLC, Green Equity Investors Side VI, L.P., Green Equity Investors VI, L.P., Green VI Holdings, LLC, Leonard Green & Partners, L.P., LGP Associates VI-A LLC, LGP Associates VI-B LLC, LGP MANAGEMENT INC, PERIDOT COINVEST MANAGER LLC
Role
null | null | null | null | null | null | null | null | null | null
Sold
2,208,580 shs ($63.17M)
| 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 |
Holdings After Transaction:
Common Stock — 10,826,609 shares (Direct, null)
Footnotes (1)
- 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. Represents shares of Common Stock held by Green LTF. 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"). 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. 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. Represents shares of Common Stock sold by Associates VI-A in a private transaction exempt from registration under the Securities Act of 1933. Represents shares of Common Stock held by Associates VI-A. Represents shares of Common Stock sold by Associates VI-B in a private transaction exempt from registration under the Securities Act of 1933. Represents shares of Common Stock held by Associates VI-B.
Key Figures
Shares sold: 2,208,580 shares
Sale price: $28.60 per share
Green LTF post-sale holding: 182,757 shares
+2 more
5 metrics
Shares sold
2,208,580 shares
Aggregate shares sold by affiliated entities
Sale price
$28.60 per share
Price for Common Stock in private transactions
Green LTF post-sale holding
182,757 shares
Common Stock following reported transaction
Associates VI-A post-sale holding
18,337 shares
Common Stock following reported transaction
Large fund post-sale holding
10,826,609 shares
Common Stock following reported transaction
Key Terms
private transaction, exempt from registration, indirect beneficial owner, pecuniary interest, +1 more
5 terms
private transaction financial
"sold by Green LTF Holdings II LP in a private transaction exempt from registration"
A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.
exempt from registration regulatory
"sold by Green LTF Holdings II LP in a private transaction exempt from registration under the Securities Act of 1933"
indirect beneficial owner regulatory
"may be deemed for purposes of Section 16 ... to be the indirect beneficial owner"
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of its pecuniary interest therein"
ten percent holder regulatory
"and, therefore, a "ten percent holder" hereunder"
FAQ
What did Leonard Green-affiliated holders do in this Life Time (LTH) Form 4?
Affiliated investment entities reported selling 2,208,580 shares of Life Time Common Stock in private transactions at $28.60 per share, while continuing to hold significant remaining positions through various Leonard Green-managed funds and related entities.
Do Leonard Green-affiliated entities claim full beneficial ownership of Life Time (LTH) shares?
The reporting persons disclaim beneficial ownership of Life Time securities not held of record by them, except to the extent of their pecuniary interest. This limits how their ownership is treated for Section 16 and other legal purposes.