Form 4: Life Time Group Holdings Insider Sells 3,575,000 Shares in Public Offering

John G. Danhakl, a director and 10% owner of Life Time Group Holdings, reports the sale of 3,575,000 shares of common stock at $20.88 per share through a public offering.

Summary

• John G. Danhakl, a director and 10% owner of Life Time Group Holdings, filed a Form 4 disclosing changes in beneficial ownership.
• The report details the sale of 3,575,000 shares of Life Time Group Holdings common stock on August 14, 2024.
• The shares were sold at a price of $20.88 per share as part of a public offering.
• The sale included 3,509,808 shares from Green LTF Holdings II LP, 5,945 shares from LGP Associates VI-A LLC, and 59,247 shares from LGP Associates VI-B LLC.
• Following the transaction, Mr. Danhakl indirectly owns 55,166,700 shares through Green LTF, Associates VI-A, and Associates VI-B.
• Mr. Danhakl disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider trading. The sentiment is neutral as it simply reports a transaction.

Management Comments

• Mr. Danhakl 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

Insider sales are a common occurrence, but large sales can sometimes be interpreted negatively by the market, depending on the context and the company's performance.

Stakeholder Impact

• The sale of a significant number of shares by a director and 10% owner could potentially influence investor sentiment.

Key Dates