Rondeau Christopher 4
4 · Planet Fitness, Inc. · Filed Dec 8, 2023
Insider Transaction Report
Form 4
Rondeau Christopher
DirectorCEO
Transactions
- Sale
Class A common stock
2023-12-06$66.55/sh−1,000,000$66,550,000→ 0 total(indirect: By Trust) - Conversion
Holding Units and Class B common stock
2023-12-06−963,695→ 459,638 total(indirect: By Trust)→ Class A common stock (963,695 underlying) - Conversion
Class A common stock
2023-12-06+963,695→ 1,000,000 total(indirect: By Trust)
Footnotes (3)
- [F1]On December 6, 2023, for purposes of financial planning and diversification, the Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 exchanged 963,695 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 963,695 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 963,695 shares of Class A common stock of the Company, and substantially simultaneously sold all 963,695 shares of Class A common stock of the Company along with 36,305 previously held shares of Class A common stock of the Company in a private placement sale.
- [F2]Following the transactions described herein, The Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 holds 459,638 Holdings Units and corresponding shares of Class B common stock.
- [F3]Pursuant to the terms of the Exchange Agreement dated as of August 5, 2015 by and among the Company, Pla-Fit Holdings, LLC and the holders from time to time of Holding Units and shares of Class B common stock, The Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 may exchange all or a portion of its Holding Units (along with an equal number of its Class B Shares) for shares of Class A common stock of the Company on a one-to-one basis. The Holding Units do not expire and the holders thereof are not required to pay an exercise price in connection with exchanges. The Class B common stock provides the holder with one vote on all matters submitted to a vote of the Company's stockholders but does not entitle the holder to any of the economic rights associated with shares of the Company's Class A common stock.