Simon Property Group Affiliate Amends Stake in Life Time Group

TL;DR

Simon Property Group affiliate SLT Investors updated its 13D filing for Life Time Group Holdings, Inc. on 5/24/24.

AI Summary

SLT Investors, LLC, an affiliate of Simon Property Group, Inc., filed an amendment to its Schedule 13D on May 24, 2024, regarding Life Time Group Holdings, Inc. The filing indicates a change in beneficial ownership, with SLT Investors, LLC now holding a significant stake in the company's common stock.

Why It Matters

This filing signals a potential shift in control or influence for Life Time Group Holdings, Inc., as a major entity associated with Simon Property Group has updated its ownership disclosure.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic moves by large investors, potentially impacting stock price and corporate strategy.

Key Players & Entities

• SLT Investors, LLC (company) — Filing entity
• Simon Property Group, Inc. (company) — Affiliated entity
• Life Time Group Holdings, Inc. (company) — Subject company
• Steven E. Fivel (person) — Authorized contact person

FAQ

Key Financial Figures

• $0.01 — n”) relating to the common stock, $0.01 par value per share (the “Common

Filing Documents

• tm2415686d1_sc13da.htm (SC 13D/A) — 61KB
• 0001104659-24-065601.txt ( ) — 63KB

Purpose of Transaction

Item 4. Purpose of Transaction. Effective May 24, 2024, SLT Investors, LLC terminated the Stockholders Agreement only as to Section 1 thereof (relating to the coordination of voting of securities among parties to the Stockholders Agreement) and, as a result, each Reporting Person ceased to be a member of a group with such other parties to the Stockholders Agreement for purposes of Rule 13d-3 under the Exchange Act, as amended.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. References to percentage ownerships of the Common Stock in this Amendment are based on 198,835,049 shares of the Common Stock outstanding as of May 3, 2024, as reflected in Life Time Holding Group, Inc.’s Form 10-Q filed on May 7, 2024 for the quarterly period ended March 31, 2024. (a) – (b) (i) As of the date of this Amendment, SLT Investors, LLC may be deemed to be the beneficial owner of the 2,611,834 shares of Common Stock (approximately 1.31% of the Common Stock) it holds directly. SLT Investors, LLC may be deemed to have sole voting and dispositive power with respect to all such shares of Common Stock. (ii) Simon Property Group, L.P. is the sole owner of SLT Investors, LLC. Accordingly, as of the date of this Amendment, Simon Property Group, L.P. may be deemed to beneficially own all of the 2,611,834 shares of Common Stock (approximately 1.31% of the Common Stock) held by SLT Investors, LLC. Simon Property Group, L.P. may be deemed to have sole voting and dispositive power with respect to all such shares of Common Stock. (iii) Simon Property Group, Inc. is the general partner of Simon Property Group, L.P. Accordingly, as of the date of this Amendment, Simon Property Group, Inc., may be deemed to be the beneficial owner of all of the 2,611,834 shares of Common Stock (approximately 1.31% of the Common Stock) beneficially owned by Simon Property Group, L.P. Simon Property Group, Inc. may be deemed to have sole voting and dispositive power with respect to all such shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the shares of the Common Stock beneficially owned by such Reporting Person, except to the extent of its or his pecuniary interest therein. (c) The Reporting Persons have not effected any transactions in the Common Stock during the past 60 days. (d) None. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of the Schedule 13D is hereby amended to add the following

Item 6 of the Schedule 13D is hereby amended to add the following: Effective May 24, 2024, SLT Investors, LLC terminated the Stockholders Agreement only as to Section 1 thereof (relating to the coordination of voting of securities among parties to the Stockholders Agreement) and, as a result, each Reporting Person ceased to be a member of a group with such other parties to the Stockholders Agreement for purposes of Rule 13d-3 under the Exchange Act, as amended. Page 5 of 6 SCHEDULE 13D

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: May 28, 2024 SLT Investors, LLC By: /s/ Steven E. Fivel Steven E. Fivel Secretary and General Counsel Simon Property Group, L.P. By: Simon Property Group, Inc., its general partner By: /s/ Steven E. Fivel Steven E. Fivel Secretary and General Counsel Simon Property Group, Inc. By: /s/ Steven E. Fivel Steven E. Fivel Secretary and General Counsel Page 6 of 6

View Full Filing

View this SC 13D/A filing on SEC EDGAR