Form 4: Life Time Group Holdings: Major Shareholders Reduce Stake in Public Offering

Green LTF Holdings II LP and affiliated entities sold shares of Life Time Group Holdings (LTH) common stock in a public offering, reducing their ownership stake.

Summary

• Green LTF Holdings II LP, along with affiliated entities including GEI Capital VI, LLC, and Leonard Green & Partners, L.P., have reported changes in their beneficial ownership of Life Time Group Holdings, Inc. (LTH).
• The transactions involved the sale of LTH common stock pursuant to a public offering that closed on March 3, 2025.
• Green LTF Holdings II LP sold 9,691,673 shares at $30.13 per share.
• Associates VI-A sold 16,415 shares at $30.13 per share.
• Associates VI-B sold 163,599 shares at $30.13 per share.
• Following these transactions, Green LTF Holdings II LP holds 40,795,871 shares, Associates VI-A holds 69,097 shares, and Associates VI-B holds 688,651 shares.
• The reporting persons disclaim beneficial ownership of the securities reported herein and not held for record by such Reporting Person, except to the extent of its pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but the sale of shares by a major holder could be interpreted neutrally to slightly negatively by the market.

Industry Context

This filing indicates a significant shareholder is reducing their stake in Life Time Group Holdings, which could be for portfolio diversification or to realize gains. It's common for major shareholders, especially private equity firms, to reduce their positions after a company goes public.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders.
• The level of detail provided in this filing is consistent with SEC requirements.
• Similar filings are made by other major shareholders in publicly traded companies across various industries.

Stakeholder Impact

• Shareholders may react to the news of a large shareholder selling a portion of their stake.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal, as this is a financial transaction by shareholders.

Key Dates