Certain Restricted Stock Units of Life Time Group Holdings, Inc. are subject to a Lock-Up Agreement Ending on 5-APR-2022.
April 04, 2022
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Certain Restricted Stock Units of Life Time Group Holdings, Inc. are subject to a Lock-Up Agreement Ending on 5-APR-2022. These Restricted Stock Units will be under lockup for 181 days starting from 6-OCT-2021 to 5-APR-2022.
Details:
The directors and executive officers and holders of substantially all of its stockholders have agreed they will not, subject to certain exceptions offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of capital stock or any securities convertible into, or exercisable or exchangeable for such capital stock, or publicly announce an intention to effect any such transaction, whether any transaction is to be settled by delivery of common stock or such other securities, in cash or otherwise during the period ending 180 days after the date of this prospectus, without the prior written consent of Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC.
Life Time Group Holdings, Inc. is a holding company. It is a lifestyle brand providing health, fitness, and wellness experiences at its athletic country club destinations and through a digital platform and a portfolio of athletic events. It designs, builds, and operates its athletic country club destinations that are distinctive, multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment. It offers fitness floors with equipment, spacious locker rooms, group fitness studios, indoor and outdoor pools and bistros, indoor and outdoor tennis courts, pickleball and basketball courts, LifeSpa, LifeCafe and its childcare and Kids Academy learning spaces. Its Life Time Digital features include live streaming fitness classes, remote goal-based personal training, nutrition and weight-loss support, curated health and fitness and wellness content. It has a portfolio of more than 170 athletic country clubs across the United States and Canada.