4Filed Aug 11, 8:00 PM ET
Life Time (LTH) Director John Galashan Sells 5.12M Shares
$LTH · Life Time Group Holdings, Inc.Research Summary
AI-generated summary of this SEC filing
Life Time (LTH) Director John Galashan Sells 5.12M Shares
What Happened
- John Kristofer Galashan, a director of Life Time Group Holdings, Inc. (LTH), disposed of 5,119,099 shares of Life Time common stock in an open-market or private sale on August 10, 2026.
- The shares were sold at $43.16 per share, generating proceeds of approximately $220,940,313. The sale was reported on a Form 4 filed August 12, 2026.
Key Details
- Transaction date and price: August 10, 2026 — 5,119,099 shares at $43.16 each.
- Total reported proceeds: $220,940,313.
- Ownership reported (per filing footnote): Green LTF Holdings II LP — 5,800,858 shares; LGP Associates VI-A LLC — 9,825 shares; LGP Associates VI-B LLC — 97,921 shares.
- Share breakdown of the sale (footnote): Green LTF sold 5,025,751 shares, Associates VI-A sold 8,512 shares, Associates VI-B sold 84,836 shares.
- Beneficial ownership note: Mr. Galashan 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 (per footnote).
- Filing timing: Form 4 filed August 12, 2026, reporting the August 10 transaction — appears filed within the usual two-business-day window.
Context
- This was a sale (disposition) of shares. Sales by insiders can be routine (portfolio diversification, tax/liquidity needs, or entity-level transactions) and do not by themselves indicate management’s view of the company’s prospects.
- The reported sale was executed through entity holdings (not a direct personal open-market purchase), and the filing discloses the entities involved and the indirect ownership relationship.