Leonard Green & Partners, L.P. 4
Research Summary
AI-generated summary
Life Time (LTH) 10% Holder Green LTF Sells 3.67M Shares
What Happened
Green LTF Holdings II LP, a reported 10% holder of Life Time Group Holdings, sold a total of 3,671,929 shares of Life Time common stock on May 5, 2026 at $28.60 per share, generating approximately $105.02 million in proceeds. The disposals were a mix of open-market/private sales and transfers back to the issuer (repurchases or other issuer dispositions).
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (appears timely under Section 16 filing rules).
- Price: $28.60 per share for all reported lots.
- Total shares sold: 3,671,929; total proceeds ≈ $105,017,169.
- Open-market/private sales (code S): 2,493,083 shares → ~$71.30M.
- Dispositions to issuer (code D): 1,178,846 shares → ~$33.72M.
- Footnotes: several sales were private transactions exempt from registration (F1/F10/F7) and some were sold back to the issuer (F6/F12). Footnotes F3–F5 describe a group of related entities (LGP, GEI VI, Associates, etc.) and disclaimers about beneficial ownership.
- Shares owned after transaction: not specified in the provided excerpt; footnote F2 indicates Green LTF holds additional shares.
- Reporting status: Green LTF is a 10% institutional holder (not an individual officer); separate remarks note certain LGP partners sit on the board and related entities may be deemed directors for Section 16 purposes.
Context
This filing reports significant selling by a large institutional holder (mix of private sales and issuer dispositions). Sales by 10% holders can reflect portfolio or transaction-related activity; the Form and footnotes indicate private dealings and transfers to the issuer rather than a typical single open-market insider sale.