The scale of insider selling is extreme for a company that just reported strong earnings. The $28.60 private sale price (well below market) suggests large holders were eager to exit at a discount. While the company's buyback absorbs some supply, the overhang from 10% owners reducing positions is significant. Watch for additional Form 4 filings and any lockup expiration. The stock may face resistance near $32 as the market digests this supply.
Price Chart
Executive Summary
A massive insider selling cluster at Life Time Group, totaling ~$235M, is dominated by three 10% owners (Danhakl, Galashan, Green LTF Holdings II LP) who sold ~7.4M shares at $28.60 on May 5 as part of a pre-arranged private sale and share repurchase agreement with the company. The company simultaneously announced a $400M sale-leaseback target increase and raised full-year guidance, but the insider sales—representing ~3.3% of market cap—overwhelmingly signal secondary distribution by large holders rather than a vote of confidence in the stock at current levels.
Key Financial Metrics
Key Facts
- Total insider selling of ~$235M across 9 insiders in a 7-day window
- Three 10% owners (Danhakl, Galashan, Green LTF Holdings II LP) sold ~$213M combined at $28.60/share on May 5
- The $28.60 sale price represents a ~10.5% discount to the May 7 closing price of ~$32.00
- Share repurchase agreement filed May 7 confirms the company bought back shares from these sellers at $28.60
- EVP & Chief Admin Officer Buss exercised 512,791 options at $10/share and sold 192,217 shares on the open market for $6.15M
- Director Lasher exercised 150,000 options and sold 50,000 shares on the open market for $1.62M
- EVP & CFO Weaver sold 22,000 shares for $719K; EVP & President of Club Ops Javaheri sold 62,900 shares for $2.0M
- EVP & Chief Digital Officer Singh sold 40,202 shares for $1.2M on May 6
- Total open-market sales of ~$163M plus ~$72M in dispositions to issuer (share repurchase)
- Insider sales represent approximately 3.3% of LTH's $7.1B market cap
- Company reported strong Q1 2026 earnings (revenue +11.7% YoY, EPS $0.39) and raised full-year guidance on May 5
Financial Impact
Total insider selling of ~$235M, representing ~3.3% of market cap. Three 10% owners sold ~$213M at a ~10.5% discount to market price.
Risk Factors
- Continued selling by remaining 10% owners could pressure the stock
- The $28.60 private sale price may act as a psychological ceiling if the stock trades back toward that level
- Insider selling at a discount to market despite strong earnings raises questions about long-term conviction
- Share repurchase reduces cash available for growth investments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-LTH-1778531311592 |
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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