Life Time (LTH) EVP Eric J. Buss Exercises Options and Sells Shares

What Happened
Eric J. Buss, EVP & Chief Administrative Officer of Life Time Group Holdings (LTH), exercised a total of 479,240 stock options on July 31, 2026 and sold the same 479,240 shares the same day. The exercises had weighted exercise costs totaling $8,565,333 (multiple strikes: $19.32, $18.00, $13.65, $17.27). The open-market sale of 479,240 shares generated proceeds of $21,552,429 (weighted average sale price $44.97; sale prices ranged $44.68–$45.35).

Key Details

• Transaction date: July 31, 2026 (Form 4 filed Aug 4, 2026 — filing appears timely under the two-business-day rule).
• Option exercises (acquired shares):
  • 130,000 shares @ $19.32 — $2,511,600
  • 130,000 shares @ $19.32 — $2,511,600
  • 85,519 shares @ $18.00 — $1,539,342
  • 84,688 shares @ $13.65 — $1,155,991
  • 49,033 shares @ $17.27 — $846,800
    Total exercise cost: $8,565,333.
• Sale (open market): 479,240 shares sold, weighted avg price $44.97, proceeds $21,552,429 (prices ranged $44.68–$45.35). (Footnote F1: reporting person can provide per-price breakdown on request.)
• Derivative lines showing $0.00 reflect conversion of options into the underlying common shares prior to the sale. Transaction codes: M = option exercise/conversion; S = open-market sale.
• Shares owned after the transactions are not specified in the filing.
• Footnotes: F2 indicates at least one option exercised was fully vested; F3 notes some options vest in four equal annual installments beginning March 9, 2024.

Context

• This was an exercise-and-sell event: the insider exercised options and sold the resulting shares the same day, converting option value to cash. That pattern is commonly used to cover exercise costs and taxes (cashless in effect), but the filing itself does not state motives.
• For retail investors, purchases or retained holdings are often seen as stronger signals than routine exercise-and-sale transactions. This filing documents a significant insider liquidation in dollar terms but also shows that the exercised options were available/vested for him to exercise.