Erik Weaver - Feb 27, 2024 Form 4 Insider Report for Life Time Group Holdings, Inc. (LTH)

Signature
/s/ Stuart McFarland, Attorney-in-fact
Stock symbol
LTH
Transactions as of
Feb 27, 2024
Transactions value $
-$355,603
Form type
4
Date filed
2/29/2024, 06:14 PM
Previous filing
Feb 27, 2024
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTH Common Stock Award $0 +15K +19.42% $0.00 92.2K Feb 27, 2024 Direct F1
transaction LTH Common Stock Sale -$67.3K -5.27K -5.71% $12.77 87K Feb 28, 2024 Direct F2
transaction LTH Common Stock Sale -$288K -20.6K -23.66% $14.01 66.4K Feb 29, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Reflects 15,000 shares of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in three equal annual installments beginning on February 1, 2025.
F2 The sale was mandated by the issuer's award agreement to satisfy tax withholding obligations by a sell-to-cover transaction.
F3 Reflects the weighted average price of 20,579 shares of common stock of Life Time Group Holdings, Inc. sold by the reporting person in multiple transactions on February 29, 2024 with sale prices ranging from $14.00 to $14.08 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.