Form 4: Leonard Green & Partners Sells Life Time Group Shares

Entities affiliated with Leonard Green & Partners sold approximately 4.99 million shares of Life Time Group Holdings, Inc. on May 7, 2026.

Summary

• Green LTF Holdings II LP and affiliated entities sold a total of 4,991,749 shares of Life Time Group Holdings, Inc. (LTH) common stock.
• The shares were sold at a price of $31.46 per share.
• The transaction involved multiple affiliated entities including Green LTF, LGP Associates VI-A, and LGP Associates VI-B.
• Following the transaction, the reporting entities maintain a significant remaining stake in the company.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral-to-negative event, as significant selling by a major institutional shareholder and board-represented entity often signals a reduction in long-term conviction or a planned exit.

Positives

• The sale represents a liquidity event for major institutional shareholders.
• The transaction was executed at a clear market price of $31.46 per share.

Negatives

• Significant divestment by a major shareholder (Leonard Green & Partners) may signal a reduction in their long-term investment position.
• Large block sales can create downward pressure on the stock price in the short term.

Risks

• Potential for further divestment by the LGP Entities given their status as 10% owners and board representation.
• Market perception of insider or major shareholder selling can negatively impact investor sentiment.

Future Outlook

The filing does not provide specific forward-looking guidance regarding the company's operations, but indicates that the reporting entities remain significant shareholders with board representation.

Management Comments

• The reporting persons disclaim beneficial ownership of securities not held of record, except to the extent of their pecuniary interest.
• Messrs. John Danhakl and J. Kristofer Galashan serve on the board of directors and represent the interests of the LGP Entities.

Industry Context

StockSavvy.ai notes that large-scale divestments by private equity firms in portfolio companies are common as funds reach the end of their investment cycles or seek to rebalance portfolios, often occurring after a company has been public for a period.

Comparison to Industry Standards

• The sale is consistent with standard exit strategies for private equity firms post-IPO.
• The transaction size is significant but typical for a firm of Leonard Green & Partners' scale when reducing a major position.

Related Party Transactions

• The transaction involves multiple affiliated entities under the Leonard Green & Partners umbrella, including Green LTF, GEI VI, and LGP Associates.

Stakeholder Impact

• Shareholders may experience increased volatility due to the large volume of shares sold.
• The reduction in stake by a major institutional investor may alter the shareholder base composition.

Next Steps

• Continued monitoring of future Form 4 filings to determine if the LGP Entities intend to further reduce their stake.

Key Dates

Recommendation

While the sale is a significant divestment, it is a standard liquidity event for a private equity firm. Investors should hold and monitor for further selling pressure or changes in board composition before making significant portfolio adjustments.

Keywords

Life Time Group Holdings, LTH, Leonard Green & Partners, Insider Selling, Form 4, Equity Divestment