Life Time (LTH) Director John G. Danhakl Sells 5.12M Shares
$LTH · Life Time Group Holdings, Inc.Research Summary
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Life Time (LTH) Director John G. Danhakl Sells 5.12M Shares
What Happened
John G. Danhakl, a director of Life Time Group Holdings, sold 5,119,099 shares of LTH on August 10, 2026 at $43.16 per share, generating gross proceeds of about $220,940,313. The Form 4 reports the sale as an open market or private sale (code S), which is a disposition rather than a purchase.
Key Details
- Transaction date: 2026-08-10; reported on Form 4 filed 2026-08-12 (timely filing).
- Price and value: 5,119,099 shares at $43.16 per share; total ≈ $220,940,313.
- Seller breakdown (footnote F1): 5,025,751 shares sold by Green LTF Holdings II LP; 8,512 shares by LGP Associates VI-A LLC; 84,836 shares by LGP Associates VI-B LLC.
- Ownership (footnote F2): the entities were reported to own 5,800,858 (Green LTF), 9,825 (Associates VI-A), and 97,921 (Associates VI-B) shares. After the reported sales, those entities would collectively hold about 789,505 shares.
- Beneficial ownership note (footnote F3): Mr. Danhakl may be deemed an indirect beneficial owner of the shares held by those entities but disclaims direct beneficial ownership except to the extent of any pecuniary interest.
- Transaction code: S = Sale (disposition).
Context
This filing documents a large sale by entities tied to Director Danhakl rather than an open-market purchase (which some investors view as a stronger positive signal). The Form indicates entity-level transfers/sales; Danhakl is disclosed as potentially having indirect beneficial ownership of those entity holdings but expressly disclaims being the direct beneficial owner. No options exercise, gift, or tax-withholding events are reported.