Form 4: Life Time Group Holdings Director John Galashan Reports Sale of Shares in Public Offering

Director John Galashan reports the sale of 9,871,687 shares of Life Time Group Holdings, Inc. common stock at $30.13 per share, indirectly held through Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC.

Summary

• John Galashan, a director of Life Time Group Holdings, Inc., filed a Form 4 disclosing a transaction on March 3, 2025.
• The transaction involved the sale of 9,871,687 shares of common stock at a price of $30.13 per share.
• The shares were sold as part of a public offering of Life Time Group Holdings, Inc.'s common stock.
• The shares were indirectly held through Green LTF Holdings II LP (Green LTF), LGP Associates VI-A LLC (Associates VI-A), and LGP Associates VI-B LLC (Associates VI-B).
• After the transaction, Mr. Galashan indirectly beneficially owns 41,553,619 shares through these entities: 40,795,871 shares are held by Green LTF, 69,097 are held by Associates VI-A, and 688,651 are held by Associates VI-B.
• Mr. Galashan disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a standard transaction (sale of shares) following a public offering. The director disclaims beneficial ownership beyond his pecuniary interest, which is a common legal disclaimer.

Management Comments

• Mr. Galashan 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.

Industry Context

Sales by significant shareholders following a public offering are common and can be viewed in the context of the overall market conditions and the company's performance.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
• The size of the sale is significant, but not uncommon for directors or major shareholders following a public offering.
• Comparable companies in the fitness and wellness industry also experience insider transactions that are publicly disclosed.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial position.
• The public offering itself would have a broader impact on shareholders by diluting ownership and providing capital to the company.

Key Dates