Form 4: Life Time Group Holdings CEO Bahram Akradi Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Bahram Akradi, Founder & CEO of Life Time Group Holdings, reports acquisition and disposal of common stock, impacting his directly and indirectly held securities.
Summary
- On February 23, 2024, Bahram Akradi, the Founder & CEO of Life Time Group Holdings, reported changes in his beneficial ownership of the company's common stock.
- Akradi acquired 120,192 shares of common stock at $0.
- He also disposed of 984,761 shares of common stock.
- Following these transactions, Akradi directly owns 984,761 shares.
- Akradi indirectly owns 11,447,541 shares through the Bahram Akradi Revocable Trust U/A dated February 7, 2006.
- He also indirectly owns 922,508 shares through the Bahram Akradi 2018 GST Family Trust and 34,411 shares through the Bahram Akradi 2012 GST Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider. It's common for executives to buy or sell shares of their company's stock, and these transactions are closely monitored by regulators and investors.
Stakeholder Impact
- The change in ownership may be of interest to shareholders as it reflects the CEO's investment decisions.
Key Dates
| Date | Description |
|---|---|
| February 7, 2006 | Date of the Bahram Akradi Revocable Trust U/A |
| February 23, 2024 | Date of the reported transaction |
| February 27, 2024 | Date of signature for the report |
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