Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PLNT | Class A common stock | Conversion of derivative security | $0 | +964K | +2654.44% | $0.00 | 1M | Dec 6, 2023 | By Trust | F1, F2 |
transaction | PLNT | Class A common stock | Sale | -$66.6M | -1M | -100% | $66.55 | 0 | Dec 6, 2023 | By Trust | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PLNT | Holding Units and Class B common stock | Conversion of derivative security | $0 | -964K | -67.71% | $0.00 | 460K | Dec 6, 2023 | Class A common stock | 964K | By Trust | F1, F2, F3 |
Id | Content |
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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. |
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.