Form 4: Xponential Fitness President Sarah Luna Sells Shares to Cover Tax Obligations

Sarah Luna, President of Xponential Fitness, sold 15,896 shares of Class A Common Stock to cover tax withholding obligations related to a restricted stock unit (RSU) award.

Summary

• On March 6, 2024, Sarah Luna, President of Xponential Fitness, sold 15,896 shares of Class A Common Stock.
• The sale was executed to cover tax withholding obligations associated with a restricted stock unit (RSU) award granted under the company's equity incentive plan.
• The shares were sold at a weighted average price of $14.0772, with individual transactions ranging from $13.79 to $14.28.
• Following the transaction, Luna directly owns 249,351 shares of Class A Common Stock and 58,735 shares of Class B Common Stock.
• Luna also holds 58,735 LLC Units in Xponential Holdings LLC, which are vested and redeemable for Class A common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations are a routine part of equity compensation plans and are not necessarily indicative of a change in sentiment regarding the company's prospects.

Key Dates