Christopher Rondeau - Nov 15, 2021 Form 4 Insider Report for Planet Fitness, Inc. (PLNT)

Signature
/s/ Justin Vartanian, Attorney-in-Fact
Stock symbol
PLNT
Transactions as of
Nov 15, 2021
Transactions value $
-$18,058,689
Form type
4
Date filed
11/17/2021, 03:52 PM
Previous filing
Nov 10, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLNT Class A common stock Other $1.45M +85K +144.82% $17.08 144K Nov 15, 2021 Direct F1, F2
transaction PLNT Class A common stock Other $2.88M +137K +95.43% $21.01 281K Nov 15, 2021 Direct F1, F2
transaction PLNT Class A common stock Other $1.14M +31.4K +11.18% $36.42 312K Nov 15, 2021 Direct F1, F2
transaction PLNT Class A common stock Other $589K +8.36K +2.68% $70.44 321K Nov 15, 2021 Direct F1, F2
transaction PLNT Class A common stock Other -$2.38M -25.9K -8.09% $91.79 295K Nov 15, 2021 Direct F1, F2, F3
transaction PLNT Class A common stock Other -$905K -9.78K -3.32% $92.51 285K Nov 15, 2021 Direct F1, F2, F4
transaction PLNT Class A common stock Other -$378K -4.05K -1.42% $93.39 281K Nov 15, 2021 Direct F1, F2, F5
transaction PLNT Class A common stock Other -$12.1M -131K -46.74% $91.87 150K Nov 15, 2021 Direct F1, F2, F6
transaction PLNT Class A common stock Other -$8.03M -86.9K -58.08% $92.42 62.7K Nov 15, 2021 Direct F1, F2, F7
transaction PLNT Class A common stock Other -$373K -4K -6.38% $93.32 58.7K Nov 15, 2021 Direct F1, F2, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PLNT Stock Options (Right to buy) Other $0 -85K -50% $0.00 85K Nov 15, 2021 Class A common stock 85K $17.08 Direct F1, F9
transaction PLNT Stock Options (Right to buy) Other $0 -137K -50% $0.00 137K Nov 15, 2021 Class A common stock 137K $21.01 Direct F1, F10
transaction PLNT Stock Options (Right to buy) Other $0 -31.4K -37.5% $0.00 52.4K Nov 15, 2021 Class A common stock 31.4K $36.42 Direct F1, F11
transaction PLNT Stock Options (Right to buy) Other $0 -8.36K -25% $0.00 25.1K Nov 15, 2021 Class A common stock 8.36K $70.44 Direct F1, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 15, 2021, in a transaction exempt from reporting under Section 16, Christopher Rondeau, at the direction of his ex-spouse and pursuant to a domestic relations order, exercised 261,898 stock options and substantially simultaneously sold all of the underlying Class A common stock in a cashless broker-assisted exercise. All proceeds from the sale were delivered directly to Mr. Rondeau's ex-spouse and Mr. Rondeau disclaims any beneficial ownership therein.
F2 The amount of securities beneficially owned reflects prior transfers of shares to the Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 and to Christopher Rondeau's ex-spouse in transactions exempt from the reporting requirements of Section 16.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $91.30 to $92.27, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $92.30 to $93.265, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $93.31 to $93.52, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $91.28 to $92.275, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F7 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $92.28 to $93.27, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F8 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $93.28 to $93.36, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F9 The options vested in equal installments on each of May 16, 2017, 2018, 2019 and 2020.
F10 The options vested in equal installments on each of May 4, 2018, 2019, 2020 and 2021.
F11 The options vest in equal installments on each of April 2, 2019, 2020, 2021 and 2022.
F12 The options vest in equal installments on each of April 9, 2020, 2021, 2022 and 2023.

Remarks:

Justin Vartanian is signing on behalf of Mr. Rondeau pursuant to a Power of Attorney dated July 29, 2015, which was previously filed with the Securities and Exchange Commission.