Form 4: Life Time Group Holdings CFO Sells 18,000 Shares Under Lock-Up Agreement

Life Time Group Holdings, Inc.'s Executive Vice President and Chief Financial Officer, Erik Weaver, sold 18,000 shares of common stock for approximately $28.74 per share, as permitted by a pre-existing lock-up agreement.

Summary

• Erik Weaver, EVP & Chief Financial Officer of Life Time Group Holdings, Inc. (LTH), sold 18,000 shares of the company's common stock on June 6, 2025.
• The shares were sold at a weighted average price of $28.741 per share, with individual sale prices ranging from $28.74 to $28.755.
• Following this transaction, Mr. Weaver directly beneficially owns 86,611 shares of Life Time Group Holdings, Inc. common stock.
• The sale was conducted as permitted by a lock-up agreement dated June 5, 2025, between Mr. Weaver and J.P. Morgan Securities LLC and BofA Securities, Inc.
• The remaining 86,611 shares beneficially owned by Mr. Weaver continue to be subject to the transfer restrictions outlined in the Lock-Up Agreement.

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine insider transaction (Form 4) detailing a sale of shares by an executive, explicitly permitted by a lock-up agreement. It does not contain information that would significantly alter the company's fundamental outlook or financial health, nor does it suggest any immediate positive or negative implications beyond the reduction in direct insider ownership.

Positives

• The sale was conducted under a pre-existing lock-up agreement, indicating a planned and permissible transaction rather than an unexpected divestment.

Negatives

• A reduction in direct insider ownership by 18,000 shares, which could be perceived as a slight decrease in management's direct stake in the company.

Risks

• The remaining 86,611 shares held by the reporting person are still subject to transfer restrictions under the Lock-Up Agreement, which could limit liquidity for those shares.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for Life Time Group Holdings, Inc., a company operating in the health and fitness industry. Such filings are standard disclosures for executives managing their equity holdings, often in accordance with pre-arranged plans or lock-up agreements, and do not inherently reflect broader industry trends.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, which is generally a neutral event if pre-planned. The remaining shares are still subject to transfer restrictions.
• Employees: No direct impact on employees.
• Customers: No direct impact on customers.
• Suppliers: No direct impact on suppliers.
• Creditors: No direct impact on creditors.

Key Dates

Keywords

Life Time Group Holdings, LTH, Erik Weaver, CFO, Insider Sale, Form 4, SEC Filing, Common Stock, Lock-Up Agreement, Executive Compensation, Share Sale