Galashan John Kristofer 4
Research Summary
AI-generated summary
Life Time (LTH) Director John Galashan Sells 4.99M Shares
What Happened
- John Kristofer Galashan, a director of Life Time Group Holdings, Inc. (LTH), was reported as the indirect party to a large sale on May 7, 2026. A total of 4,991,749 shares were disposed of at $31.46 per share, generating proceeds of $157,040,424. The shares were sold by affiliated entities (Green LTF Holdings II LP, LGP Associates VI‑A LLC, and LGP Associates VI‑B LLC) in an open-market or private sale (reported as a sale, code S).
Key Details
- Transaction date and price: May 7, 2026 — 4,991,749 shares at $31.46 each.
- Proceeds: $157,040,424 total.
- Shares owned after transaction (by the entities reported): Green LTF — 15,946,196; Associates VI‑A — 27,009; Associates VI‑B — 269,178 (total reported held by those entities = 16,242,383).
- Footnotes:
- F1 breaks down the sold lots: 4,900,722 shares sold by Green LTF, 8,301 by Associates VI‑A, and 82,726 by Associates VI‑B.
- F2 lists the remaining post-sale holdings by those entities (see counts above).
- F3 notes Mr. Galashan may be deemed an indirect beneficial owner of the entities’ shares but disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Transaction reported for 2026-05-07 and filed 2026-05-11 — this appears later than the typical Form 4 reporting window (noted as late), which may be a reporting compliance matter.
Context
- This filing reflects a sale (not a purchase); sales by insiders or related entities can be routine (liquidity, estate planning, entity rebalancing) and do not by themselves indicate company performance or management view.
- The sale was executed by affiliated entities rather than an explicit personal sale by Mr. Galashan; he is reported as an indirect party through those entities and disclaims direct beneficial ownership beyond pecuniary interest.