DANHAKL JOHN G 4
Research Summary
AI-generated summary
Life Time (LTH) Director John Danhakl Sells 3.0M Shares
What Happened
- John G. Danhakl, a director of Life Time Group Holdings, Inc. (LTH), is associated with the reported sale of 3,006,100 shares of common stock on May 21, 2026. The shares were sold at $32.51 each for total proceeds of $97,728,311. The sale was reported as an open market or private sale (code S) and, per the filing footnotes, the shares were sold by affiliated entities (Green LTF Holdings II LP, LGP Associates VI‑A LLC, and LGP Associates VI‑B LLC). This is a sale (liquidity) transaction rather than a purchase.
Key Details
- Transaction date & price: May 21, 2026 — 3,006,100 shares at $32.51 per share.
- Total proceeds reported: $97,728,311.
- Who sold: 2,951,282 shares sold by Green LTF; 4,999 by Associates VI‑A; 49,819 by Associates VI‑B (footnote F1).
- Shares reported owned after the transaction (per filing footnote F2): Green LTF — 12,994,914; Associates VI‑A — 22,010; Associates VI‑B — 219,359.
- Beneficial ownership note (F3): Mr. Danhakl may be deemed an indirect beneficial owner of the shares held by those entities but disclaims beneficial ownership except to the extent of any pecuniary interest.
- Filing timeliness: Form 4 was filed on May 26, 2026, five days after the transaction date (Form 4 is typically due within two business days), so the filing appears late.
Context
- The sale was executed by affiliated entities rather than reported as a direct sale by Danhakl personally; such entity-directed sales can reflect institutional or partner liquidity rather than a personal decision to sell shares.
- Sales do not necessarily signal management view of company prospects; purchases are generally more directly interpreted as positive signals. This filing is informational — factual about a sizable disposition and ownership remaining in affiliated entities.