Form 4: Partners Group Divests 747K Shares of Life Time Group

Partners Group entities sold 747,178 shares of Life Time Group Holdings, Inc. at an average price of $31.46 per share.

Summary

• Partners Group Private Equity Fund, LLC and affiliated entities executed a sale of 747,178 shares of Life Time Group Holdings, Inc. (LTH) common stock.
• The transaction occurred on May 7, 2026, at a price of $31.46 per share.
• Following the sale, the reporting entities maintain a beneficial ownership of 2,431,203 shares of LTH common stock.
• The reporting persons are part of a 10% owner group and are party to a Third Amended and Restated Stockholders Agreement.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; it is a routine divestment by a private equity investor and does not signal a fundamental shift in the company's business strategy.

Positives

• The sale indicates liquidity realization for the private equity investors involved.

Negatives

• The divestment of 747,178 shares represents a reduction in the equity stake held by a significant shareholder group.

Risks

• Potential market impact from the sale of a large block of shares by a major institutional holder.

Future Outlook

No specific forward-looking guidance regarding the company's operations was provided in this filing.

Management Comments

• The reporting persons disclaim beneficial ownership of any securities deemed to be owned by the group that are not directly owned by such Reporting Person.
• This report shall not be deemed an admission that the Reporting Persons are members of a group or the beneficial owners of any securities not directly owned by the Reporting Persons.

Industry Context

StockSavvy.ai notes that institutional divestments by private equity firms in post-IPO companies are standard lifecycle events as funds reach maturity or rebalance portfolios, and do not necessarily reflect a change in the underlying fundamentals of the fitness and wellness industry.

Comparison to Industry Standards

• The sale is consistent with typical exit strategies for private equity firms holding positions in publicly traded fitness operators.
• The transaction size is significant but remains within the scope of standard secondary market liquidity events for mid-cap companies.

Corporate Governance

Related Party Transactions

• The reporting persons are parties to the Life Time Group Holdings, Inc. Third Amended and Restated Stockholders Agreement.

Stakeholder Impact

• Shareholders may experience short-term price volatility due to the increased supply of shares in the market.

Next Steps

• Continued monitoring of further Form 4 filings from the Partners Group entities to determine if additional divestments are planned.

Key Dates

Recommendation

The sale of a large block of shares by a major institutional investor often creates temporary downward pressure on the stock price, but does not inherently change the long-term investment thesis for the company.

Keywords

Life Time Group, LTH, Partners Group, Insider Sale, Form 4, Equity Divestment, Stockholders Agreement