Form 4: Partners Group Entities Sell 402,127 Shares of Life Time Group Holdings

Partners Group Private Equity (Master Fund), LLC and related entities sold 402,127 shares of Life Time Group Holdings, Inc. at a price of $24.18 per share.

Summary

• Partners Group Private Equity (Master Fund), LLC, along with related entities, sold a total of 402,127 shares of Life Time Group Holdings, Inc. common stock.
• The sale occurred on November 11, 2024, at a price of $24.18 per share.
• The shares were sold by multiple entities within the Partners Group, including Partners Group Private Equity (Master Fund), LLC, Partners Group Private Equity II, LLC, Partners Group Access 83 PF LP, and Partners Group Series Access II, LLC.
• Following the transaction, the Partners Group entities still indirectly hold a significant number of shares, totaling 5,527,221.
• The entities are considered part of a 'group' under the Securities Exchange Act of 1934 due to a Stockholders Agreement, but they disclaim beneficial ownership of shares not directly owned.

Sentiment

Score: 5

Explanation: The document is a neutral report of a share sale, with no indication of positive or negative sentiment. It is a routine filing.

Risks

• The sale of a significant number of shares by a major shareholder group could potentially create downward pressure on the stock price.
• The 'group' designation under the Securities Exchange Act could lead to increased scrutiny of the Partners Group's trading activities.

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

This transaction is a routine disclosure of share sales by a significant shareholder group, which is common in the public equity markets. It does not indicate any specific trend in the fitness industry or the performance of Life Time Group Holdings.

Comparison to Industry Standards

• Share sales by major shareholders are a common occurrence in publicly traded companies.
• The size of the transaction is not unusual for a group holding a significant stake in a company like Life Time Group Holdings.
• Similar transactions are regularly reported by other investment firms and private equity groups in various sectors.

Stakeholder Impact

• The share sale could potentially impact the share price of Life Time Group Holdings, affecting shareholders.
• The transaction does not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Life Time Group Holdings, Partners Group, share sale, stock transaction, beneficial ownership, SEC Form 4, equity securities