Life Time Group (NYSE: LTH) affiliated funds sell and transfer millions of shares
Rhea-AI Filing Summary
Life Time Group Holdings, Inc. reported that investment entities affiliated with director and 10% owner John G. Danhakl completed significant indirect share dispositions. Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC sold a total of 2,493,083 shares of common stock at $28.60 per share in a private transaction exempt from registration. In a separate private transaction with the company, these entities also transferred 1,178,846 shares to the issuer at $28.60 per share. After these transactions, Green LTF, Associates VI-A, and Associates VI-B together owned 21,234,132 shares of common stock. Mr. Danhakl may be deemed an indirect beneficial owner of these securities but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,493,083 | $28.60 | $71.30M |
| Disposition | Common Stock | 1,178,846 | $28.60 | $33.71M |
Footnotes (1)
- Represents 2,447,621 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"), 4,145 shares of Common Stock sold by LGP Associates VI-A LLC ("Associates VI-A"), and 41,317 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, 22,004,267 shares are owned by Green LTF, 37,270 shares are owned by Associates VI-A, and 371,441 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. Represents 1,157,349 shares of Common Stock sold by Green LTF, 1,960 shares of Common Stock sold by Associates VI-A, and 19,537 shares of Common Stock sold by Associates VI-B in each case in a private transaction to the Issuer. Represents shares of Common Stock owned by Green LTF, Associates VI-A, and Associates VI-B. Of the shares of Common Stock reported, 20,846,918 shares are owned by Green LTF, 35,310 shares are owned by Associates VI-A, and 351,904 shares are owned by Associates VI-B.
Key Figures
Key Terms
private transaction financial
exempt from registration regulatory
indirect beneficial owner financial
disclaims beneficial ownership regulatory
Disposition to issuer financial
FAQ
What insider transactions did LTH director John G. Danhakl report?
John G. Danhakl reported indirect dispositions of Life Time Group Holdings common stock through affiliated entities. Those entities sold 2,493,083 shares in a private transaction and transferred 1,178,846 shares back to the issuer, both at $28.60 per share, under exemptions from Securities Act registration.
What was the disposition to the issuer in the LTH Form 4 filing?
The Form 4 shows a disposition of 1,178,846 Life Time Group Holdings shares to the issuer at $28.60 per share. This comprised 1,157,349 shares from Green LTF, 1,960 from Associates VI-A, and 19,537 from Associates VI-B, executed as private transactions with the company.
Were the LTH insider transactions open-market sales or private deals?
The filing describes the 2,493,083-share sale as a private transaction exempt from registration, not an exchange trade. The 1,178,846-share disposition was also a private transaction, but directly with the issuer, reflecting a transaction to the company rather than the open market.