Life Time Group Holdings, Inc.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
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Item 5. Other Information
During the three months ended September 30, 2026, no director or officerof the Company adopted, modified orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
On October 26, 2026, the Company received notice from Ritadhwaja Jebens (RJ) Singh, the Company’s Executive Vice President and Chief Digital Officer, of his intention to retire from the Company after nearly 10 years of service, effective December 31, 2026 (the “Retirement Date”). Mr. Singh is expected to continue as Executive Vice President and Chief Digital Officer of the Company through the Retirement Date at his current compensation level. The Company has initiated a search process to identify a successor for Mr. Singh. In connection with Mr. Singh’s retirement, the Company entered into an Employment Agreement and General Release (the “Agreement”) with Mr. Singh on October 26, 2026, which amends and supersedes his current employment agreement, and will enter into a Consulting Agreement (the “Consulting Agreement”) with Mr. Singh as of his Retirement Date pursuant to which Mr. Singh will continue to provide digital technologies consulting services to the Company following his Retirement Date through March 1, 2029.
The Company’s Compensation Committee approved each of the Agreement and the Consulting Agreement. As a result of Mr. Singh continuing to provide services to the Company pursuant to the Consulting Agreement, his outstanding equity-based awards will continue to vest and be exercisable, as applicable, during the consulting period (including with respect to the equity awards granted pursuant to the 2026 short-term incentive program) in accordance with and subject to the terms of such award agreements, except that Mr. Singh agreed that he would forfeit the portions of his outstanding long-term performance stock units that are based on Adjusted EBITDA performance in 2027 and 2028 and forfeit the entire performance stock unit award granted in 2026 that cliff vests after three years based on relative total stockholder return. Additionally, under the Agreement, upon Mr. Singh ceasing to provide services to the Company as a consultant, his vested stock options at such time will remain outstanding and exercisable for their respective terms notwithstanding such termination of service. The Company has also agreed to continue Mr. Singh’s Life Time club membership at no cost to Mr. Singh through March 2029, provide a Company-leased vehicle at no cost to Mr. Singh for eighteen (18) months, and pay the total cost of Mr. Singh’s continued health insurance benefits through June 30, 2028. These benefits are contingent upon Mr. Singh entering into and not rescinding a separation agreement and general release at the time of his retirement.
The foregoing description of the Agreement is not complete and is subject to and qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.2 to this Quarterly Report on Form 10-Q, the terms of which are incorporated by reference herein.
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