Form 4: Life Time Group Holdings Executive Parham Javaheri Reports Stock Disposal
SEC Form 4 Filing
Parham Javaheri, EVP & President of Club Operations at Life Time Group Holdings, disposed of 5,679 shares of common stock on May 1, 2024, to cover tax obligations.
Summary
- On May 1, 2024, Parham Javaheri, an executive at Life Time Group Holdings, disposed of 5,679 shares of common stock.
- The transaction was executed at a price of $13 per share.
- Following the transaction, Javaheri directly owns 248,214 shares of Life Time Group Holdings.
- The disposal was related to tax obligations.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock disposal transaction |
| 05/03/2024 | Date of Form 4 filing |
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