Leonard Green & Partners, L.P. 4
4 · Life Time Group Holdings, Inc. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Life Time (LTH) Director Green LTF Sells $97.7M in Shares
What Happened
Green LTF Holdings II LP (a director-related entity) sold a total of 3,006,100 shares of Life Time Group Holdings, Inc. (LTH) on May 21, 2026. The sales broke down as: 2,951,282 shares at $32.51 each ($95,946,178), 49,819 shares at $32.51 each ($1,619,616), and 4,999 shares at $32.51 each ($162,517), for aggregate proceeds of approximately $97,728,311. These were sales (S) reported as open-market or private sale transactions — a disposition, not a purchase.
Key Details
- Transaction date and price: May 21, 2026 — all shares at $32.51 per share.
- Total shares sold: 3,006,100; total proceeds: ~$97.7 million.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Filing timeliness: Report filed May 26, 2026. Given the May 25 federal holiday (Memorial Day), the May 26 filing appears to meet the two-business-day SEC Form 4 deadline.
- Notable footnotes:
- F1 notes these shares were sold by Green LTF.
- F3–F4 describe a layered ownership/manager structure (Green Equity entities, GEI Capital, Leonard Green & Partners, Peridot, Associates VI-A/B) and state that multiple affiliated entities may be indirect beneficial owners or "ten percent holders."
- F5 disclaims beneficial ownership by the reporting persons except to the extent of pecuniary interest.
- F6–F9 reference shares sold or held by Associates VI‑A and VI‑B.
- Transaction code: S = Sale.
Context
This filing reflects institutional/affiliate selling by an entity tied to Leonard Green & Partners rather than an individual executive purchase. Sales are common and can be for many reasons (liquidity, portfolio management, fund-level redemptions) and do not by themselves indicate management sentiment about the company. The filing’s footnotes show a complex ownership structure and disclaimers about beneficial ownership; retail investors should note this is affiliated/institutional trading rather than a simple insider personal sale.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3][F4][F5]2026-05-21$32.51/sh−2,951,282$95,946,178→ 12,994,914 total - Sale
Common Stock
[F6][F7][F3][F4][F5]2026-05-21$32.51/sh−4,999$162,517→ 22,010 total - Sale
Common Stock
[F8][F9][F3][F4][F5]2026-05-21$32.51/sh−49,819$1,619,616→ 219,359 total
Footnotes (9)
- [F1]Represents 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").
- [F2]Represents shares of Common Stock held by Green LTF.
- [F3]Green Equity Investors VI, L.P. ("GEI VI") and Green Equity Investors Side VI, L.P. ("GEI Side VI") are limited partners of Green LTF. GEI Capital VI, LLC ("Capital") is the general partner of GEI VI and GEI Side VI. Leonard Green & Partners, L.P. ("LGP") is the management company of GEI VI and GEI Side VI, and an affiliate of Capital. LGP Management, Inc. ("LGPM") is the general partner of LGP. Green VI Holdings, LLC ("Holdings") is a limited partner of GEI VI. Peridot Coinvest Manager LLC ("Peridot") is the general partner of Green LTF and the management company of LGP Associates VI-A LLC ("Associates VI-A") and LGP Associates VI-B LLC ("Associates VI-B").
- [F4]Each of Green LTF, Associates VI-A, Associates VI-B, GEI VI, GEI Side VI, Holdings, Capital, LGP, LGPM, and Peridot 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 some or all of the securities held by Green LTF, Associates VI-A and Associates VI-B and, therefore, a "ten percent holder" hereunder.
- [F5]Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein and not held for record by such Reporting Person, except to the extent of its pecuniary interest therein. This report shall not otherwise be deemed an admission that the Reporting Persons are the beneficial owners of such securities not held of record by the respective Reporting Person, for purposes of Section 16 or for any other purpose.
- [F6]Represents shares of Common Stock sold by Associates VI-A.
- [F7]Represents shares of Common Stock held by Associates VI-A.
- [F8]Represents shares of Common Stock sold by Associates VI-B.
- [F9]Represents shares of Common Stock held by Associates VI-B.