SCHEDULE: TPG Funds Reduce Stake in Life Time Group Holdings

TPG Funds have sold 2,152,115 shares of Life Time Group Holdings' common stock, reducing their beneficial ownership to below 5%.

Summary

• TPG GP A, LLC, James G. Coulter, and Jon Winkelried (collectively, the "Reporting Persons") have filed an amendment to their Schedule 13D filing concerning Life Time Group Holdings, Inc.
• This amendment, designated as Amendment No. 8, updates previous filings dating back to October 22, 2021.
• The primary update concerns the sale of 2,152,115 shares of Common Stock by the TPG Funds on May 21, 2026, at a price of $32.51 per share, conducted under Rule 144.
• Following this sale, the Reporting Persons no longer beneficially own more than five percent of the outstanding shares of Common Stock.
• As of May 1, 2026, the Reporting Persons were deemed to beneficially own 9,476,069 shares, representing approximately 4.3% of the outstanding shares.
• The total number of outstanding shares of Common Stock as of May 1, 2026, was reported as 222,602,738.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the significant reduction in stake by a major investor, although the sale itself is a standard disclosure.

Positives

• The sale was conducted under Rule 144, suggesting a compliant and orderly divestment.
• The sale price of $32.51 per share indicates a potentially favorable exit price for the shares sold.

Negatives

• The reduction in beneficial ownership below 5% signifies a decreased stake and potentially reduced influence by TPG.
• The sale of a significant block of shares could be interpreted as a lack of confidence in future price appreciation by TPG.

Risks

• The filing does not explicitly mention any new risks or challenges.
• A significant sale by a major shareholder could potentially create downward pressure on the stock price in the short term.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from Life Time Group Holdings. The information pertains to past transactions and current beneficial ownership.

Industry Context

StockSavvy.ai notes that significant share sales by large investment firms like TPG can sometimes signal a shift in their investment strategy or a realization of gains, which investors often monitor closely.

Stakeholder Impact

• Shareholders: The sale of a significant block of shares by a major investor could lead to short-term price volatility. Other shareholders may interpret this as a signal from TPG.
• TPG Inc.: The transaction reflects a portfolio management decision by TPG's funds.
• Life Time Group Holdings: While not directly impacting operations, a reduced stake by a large investor might be noted by the market.

Next Steps

• The TPG Funds have reduced their beneficial ownership below the 5% threshold, which may alter their reporting obligations.
• Investors will likely monitor Life Time Group Holdings' stock performance following this divestment.

Key Dates

Recommendation

The filing primarily reports a reduction in stake by a significant investor, which is a common portfolio management action. It does not provide new operational or financial performance data for Life Time Group Holdings itself. Therefore, a 'hold' recommendation is appropriate, pending further information on the company's performance and strategic direction.

Keywords

Life Time Group Holdings, Schedule 13D, TPG, Shareholder, SEC Filing, Common Stock, Beneficial Ownership, Rule 144, Stock Sale