Form 4: Partners Group Sells 650,000 Shares of Life Time Group Holdings in Public Offering

Partners Group Private Equity (Master Fund), LLC and related entities sold 650,000 shares of Life Time Group Holdings, Inc. common stock at $20.88 per share as part of a public offering.

Summary

• Partners Group Private Equity (Master Fund), LLC, along with Partners Group Private Equity II, LLC, Partners Group Series Access II, LLC, and Partners Group Access 83 PF LP, reported the sale of 650,000 shares of Life Time Group Holdings, Inc. (LTH) common stock on August 14, 2024.
• The sale was executed at a price of $20.88 per share as part of a public offering by Life Time Group Holdings.
• The total shares sold include 342,285 shares by Partners Group Private Equity (Master Fund), LLC, 752 shares by Partners Group Private Equity II, LLC, 23,622 shares by Partners Group Access 83 PF LP, and 283,341 shares by Partners Group Series Access II, LLC, Series 61.
• Following the transaction, the reporting entities collectively still beneficially own 5,929,348 shares of Life Time Group Holdings, Inc.
• 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.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a share sale. It doesn't inherently convey positive or negative sentiment, but the market's reaction to the sale could influence sentiment.

Management Comments

• Each Reporting Person disclaims 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

Sales by major shareholders following a public offering are common and can create short-term price volatility. The market will likely assess the reasons behind the sale and the remaining stake held by Partners Group.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders.
• The size of the sale (650,000 shares) is significant but not unusual for a major shareholder following a public offering.
• Comparable transactions would include similar sales by private equity firms or major shareholders after an IPO or secondary offering.

Stakeholder Impact

• Shareholders may react to the news of the share sale, potentially impacting the stock price.
• The sale could provide increased liquidity in the market for Life Time Group Holdings shares.

Key Dates