Form 4: Life Time Group Holdings CEO Akradi Transfers Shares to Trusts

Bahram Akradi, CEO of Life Time Group Holdings, reports the transfer of common stock shares to family trusts in a recent SEC Form 4 filing.

Summary

• On April 9, 2024, Bahram Akradi, the Founder & CEO of Life Time Group Holdings, engaged in transactions involving the company's common stock.
• Akradi transferred 22,353 shares to the Bahram Akradi 2018 GST Family Trust and 22,353 shares from the Bahram Akradi Revocable Trust U/A dated February 7, 2006.
• These transactions were reported on an SEC Form 4, indicating changes in beneficial ownership.
• Following these transactions, Akradi directly owns 1,375,613 shares of common stock.
• Akradi indirectly owns 900,155 shares through the Bahram Akradi 2018 GST Family Trust, 11,469,894 shares through the Bahram Akradi Revocable Trust U/A dated February 7, 2006, and 34,411 shares through the Bahram Akradi 2012 GST Family Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transfers. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a change in the company's operational outlook or strategy. It is common for executives to manage their holdings for personal financial planning purposes.

Key Dates