Galashan John Kristofer 4
4 · Life Time Group Holdings, Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Life Time (LTH) 10% Owner John Galashan Sells Shares
What Happened
John Kristofer Galashan, reported as a 10% owner of Life Time Group Holdings (LTH), disposed of a total of 3,671,929 shares on May 5, 2026 at $28.60 per share, generating total proceeds of about $105.0 million. The dispositions consisted of a 2,493,083-share sale in private/open-market transactions (≈ $71.3M) and a 1,178,846-share sale to the issuer (≈ $33.7M). These were sales (not purchases), so they represent liquidity or portfolio reduction rather than a buy signal.
Key Details
- Transaction date: May 5, 2026; reported on Form 4 filed May 7, 2026 (filed within the two-business-day SEC window).
- Price: $28.60 per share for all shares.
- Shares sold: 2,493,083 (private/open-market) + 1,178,846 (sold to issuer) = 3,671,929 shares.
- Proceeds: $71,302,174 (open/private) + $33,714,996 (to issuer) ≈ $105,017,170 total.
- Shares owned after transaction (per footnote): Green LTF — 20,846,918; LGP Associates VI-A — 35,310; LGP Associates VI-B — 351,904 (combined = 21,234,132).
- Footnotes: The open/private sale components were effected by entities Green LTF, Associates VI-A, and Associates VI-B and were private transactions exempt from registration (F1, F4). Galashan may be deemed an indirect beneficial owner of the shares held by those entities but disclaims ownership except to the extent of any pecuniary interest (F3).
- Filing timeliness: Reported on Form 4 within SEC timing requirements (no late filing indicated).
Context: Galashan is reported as a 10% owner through affiliated entities rather than an executive making open-market trades in a personal brokerage account. Sales by large holders can reflect portfolio rebalancing, entity-level transactions, or contractual/issuer arrangements; they are not direct indicators of company performance.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-05-05$28.60/sh−2,493,083$71,302,174→ 22,412,978 total(indirect: See footnote.) - Disposition to Issuer
Common Stock
[F4][F5][F3]2026-05-05$28.60/sh−1,178,846$33,714,996→ 21,234,132 total(indirect: See footnote.)
Footnotes (5)
- [F1]Represents 2,447,621 shares of the Issuer's Common Stock, par value $0.01 per share (the "Common Stock") sold by Green LTF Holdings II LP ("Green LTF"), 4,145 shares of Common Stock sold by LGP Associates VI-A LLC ("Associates VI-A"), and 41,317 shares of Common Stock sold by LGP Associates VI-B LLC ("Associates VI-B") in each case in a private transaction exempt from registration under the Securities Act of 1933.
- [F2]Represents shares of Common Stock owned by Green LTF, Associates VI-A, and Associates VI-B. Of the shares of Common Stock reported, 22,004,267 shares are owned by Green LTF, 37,270 shares are owned by Associates VI-A, and 371,441 shares are owned by Associates VI-B.
- [F3]Mr. Galashan directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of the securities owned by Green LTF, Associates VI-A, and Associates VI-B. Mr. Galashan disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F4]Represents 1,157,349 shares of Common Stock sold by Green LTF, 1,960 shares of Common Stock sold by Associates VI-A, and 19,537 shares of Common Stock sold by Associates VI-B in each case in a private transaction to the Issuer.
- [F5]Represents shares of Common Stock owned by Green LTF, Associates VI-A, and Associates VI-B. Of the shares of Common Stock reported, 20,846,918 shares are owned by Green LTF, 35,310 shares are owned by Associates VI-A, and 351,904 shares are owned by Associates VI-B.