Galashan John Kristofer 4
Research Summary
AI-generated summary
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.