Form 4: Life Time Group Holdings: LifeCo LLC Reports Ownership Change
SEC Form 4 Filing
LifeCo LLC reports a change in its managing member, with Aguila Ltd. replacing LifeCo PTC Ltd., potentially affecting beneficial ownership of Life Time Group Holdings shares.
Summary
- LifeCo LLC filed a Form 4 indicating changes in beneficial ownership of Life Time Group Holdings, Inc. common stock.
- On October 25, 2024, Aguila Ltd. replaced LifeCo PTC Ltd. as the managing member of LifeCo LLC.
- LifeCo LLC directly holds 9,002,099 shares of Life Time Group Holdings, Inc. common stock.
- As the managing member, Aguila Ltd. may be deemed to beneficially own the shares held by LifeCo LLC.
- Aguila Ltd. is controlled by its board of directors, including Alec Anderson, Craig MacIntyre, Edward Rance, Alejandro Santo Domingo, and Carlos Perez.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing indicating a change in managing member, with no inherently positive or negative implications.
Industry Context
Changes in beneficial ownership are common in publicly traded companies and are closely monitored by investors as they can signal shifts in control or investment strategies.
Stakeholder Impact
- The change in managing member of LifeCo LLC could potentially influence the voting power and strategic direction of Life Time Group Holdings, Inc., impacting shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/25/2024 | Aguila Ltd. replaced LifeCo PTC Ltd. as the managing member of LifeCo LLC. |
| 10/29/2024 | Date of signature for the Form 4 filing. |
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