Form 4: Life Time Group Holdings SVP Erik Weaver Sells Shares to Cover Tax Obligations

Erik Weaver, SVP, Interim CFO & Controller of Life Time Group Holdings, sold 860 shares of common stock on March 5, 2024, to cover tax withholding obligations.

Summary

• On March 5, 2024, Erik Weaver, the SVP, Interim CFO & Controller of Life Time Group Holdings, sold 860 shares of the company's common stock.
• The shares were sold at a price of $13.77 per share.
• The sale was executed to satisfy tax withholding obligations related to an award agreement, using a sell-to-cover transaction.
• Following the transaction, Weaver directly owns 65,528 shares of Life Time Group Holdings.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction for tax purposes and doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell the company's securities. This filing indicates a routine transaction to cover tax obligations.

Stakeholder Impact

• The sale of shares by an insider could have a minor, temporary impact on the stock price, but is unlikely to be significant given the small number of shares involved.

Key Dates