The coordinated 14.9M-share selling program by multiple PE backers creates a persistent overhang. Monitor for additional Form 144 filings and actual sales on Form 4. The stock may face continued pressure as the secondary distribution absorbs demand. Watch for any lock-up expiration or underwritten secondary offering that could accelerate the sell-down.
Price Chart
Executive Summary
Two Partners Group affiliates filed Forms 144 on May 21, 2026, signaling intent to sell 236,468 shares (~$7.8M) and 520 shares (~$17K) of Life Time Group Holdings. These filings are part of a broader coordinated selling program by a group of 10+ selling stockholders who have filed separate Forms 144 for aggregate sales of 14,920,778 shares over the past three months — representing roughly 6.7% of the company's outstanding shares. The selling entities include private equity backers (Partners Group, TPG, Leonard Green), indicating a significant secondary distribution rather than routine insider diversification.
Key Facts
- Partners Group Private Equity Fund, LLC intends to sell 236,468 shares valued at ~$7.8M.
- Partners Group Private Equity II, LLC intends to sell 520 shares valued at ~$17K.
- The selling group has filed Forms 144 for aggregate sales of 14,920,778 shares over the past three months.
- Selling stockholders include TPG VII Magni SPV, TPG VII Magni Co-Invest, TPG Lonestar I, Green LTF Holdings II LP, LGP Associates VI-A/B, and multiple Partners Group entities.
- Shares were originally acquired in October 2021 via cash and/or conversion of preferred stock.
- The proposed sales represent a material secondary distribution by pre-IPO private equity holders.
- Recent insider activity (30 days) shows 4 sells totaling $10.5M, consistent with the broader selling pattern.
Financial Impact
Aggregate selling group has filed for up to 14.9M shares (~$490M at current market cap) over three months; this batch alone is ~$7.8M.
Risk Factors
- Continued overhang from up to 14.9M shares being sold by PE holders over a short window.
- Potential for additional secondary offerings or block trades if the selling group accelerates distribution.
- Signal that large pre-IPO investors are exiting, which may weigh on sentiment and valuation multiples.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (LTH) — Batch item 1 | 0001193125-26-235234 |
| Document: 0001193125-26-235234-index.html | 0001193125-26-235231 |
| Document: 0001193125-26-235234.txt | 0001193125-26-235234 |
| 144 Filing (LTH) — Batch item 4 | 0001193125-26-235231 |
| Document: 0001193125-26-235231-index.html | 0001193125-26-235234 |
| Document: 0001193125-26-235231.txt | 0001193125-26-235234 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Institutional Cluster | $41.48 $41.50 | ▲ +0.05% | ▼ −0.80% | $40.99 (−1.18%) |
Sep 3, 2026 29d ago | Court Ruling | $43.09 $43.23 | ▲ +0.32% | ▲ +0.71% | $40.99 (−4.87%) |
Aug 28, 2026 4w ago | Insider Cluster | $42.02 $41.83 | ▲ +0.45% | ▼ −0.23% | $40.99 (+2.45%) |
Aug 28, 2026 4w ago | Insider Cluster | $42.02 $41.83 | ▼ −0.45% | ▲ +0.23% | $40.99 (−2.45%) |
Aug 27, 2026 5w ago | 144 | $44.35 $43.51 | ▲ +1.89% | ▲ +1.67% | $40.99 (+7.58%) |
Aug 27, 2026 5w ago | 144 | $44.35 $43.51 | ▲ +1.89% | ▲ +1.67% | $40.99 (+7.58%) |
Aug 25, 2026 5w ago | Court Ruling | $44.55 $44.80 | ▲ +0.56% | ▲ +0.54% | $40.99 (−7.99%) |
Aug 12, 2026 7w ago | Insider Cluster | $44.31 $45.26 | ▼ −2.14% | ▼ −2.34% | $40.99 (+7.49%) |
Aug 11, 2026 7w ago | 144 | $43.81 $43.82 | ▼ −0.02% | ▲ +0.23% | $40.99 (+6.44%) |
Aug 11, 2026 7w ago | 144 | $43.81 $43.82 | ▼ −0.02% | ▲ +0.23% | $40.99 (+6.44%) |
US Market Status
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