Form 4 for PLNT Planet Fitness, Inc.
Accepted 2023-12-08 00:00:00 ET · period of report 2023-12-06 · accession 0001562180-23-008223 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-12-08 | 2023-12-06 | PLNT | Rondeau Christopher | Dir | C - Cnv Deriv | $0.00 | +963.7K | 1.00M | +2,654% | $0 |
| DI | 2023-12-08 | 2023-12-06 | PLNT | Rondeau Christopher | Dir | S - Sale | $66.55 | -1.00M | 0 | -100% | -$66.55M |
| DI | 2023-12-08 | 2023-12-06 | PLNT | Rondeau Christopher | Dir | C - Cnv Deriv | $0.00 | -963.7K | 459.6K | -68% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock | 2023-12-06 | C | A | 963,695 | $0.00 | 1,000,000 | I By Trust | — | — | (F1) On December 6, 2023, for purposes of financial planning and diversification, the Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 exchanged 963,695 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 963,695 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 963,695 shares of Class A common stock of the Company, and substantially simultaneously sold all 963,695 shares of Class A common stock of the Company along with 36,305 previously held shares of Class A common stock of the Company in a private placement sale. (F2) Following the transactions described herein, The Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 holds 459,638 Holdings Units and corresponding shares of Class B common stock. |
| 2 | Common | Class A common stock | 2023-12-06 | S | D | 1,000,000 | $66.55 | 0 | I By Trust | — | — | (F2) Following the transactions described herein, The Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 holds 459,638 Holdings Units and corresponding shares of Class B common stock. |
| 3 | Derivative | Holding Units and Class B common stock | 2023-12-06 | C | D | 963,695 | $0.00 | 459,638 | I By Trust | — · — to — | 963,695 Class A common stock | (F1) On December 6, 2023, for purposes of financial planning and diversification, the Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 exchanged 963,695 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 963,695 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 963,695 shares of Class A common stock of the Company, and substantially simultaneously sold all 963,695 shares of Class A common stock of the Company along with 36,305 previously held shares of Class A common stock of the Company in a private placement sale. (F3) Pursuant to the terms of the Exchange Agreement dated as of August 5, 2015 by and among the Company, Pla-Fit Holdings, LLC and the holders from time to time of Holding Units and shares of Class B common stock, The Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 may exchange all or a portion of its Holding Units (along with an equal number of its Class B Shares) for shares of Class A common stock of the Company on a one-to-one basis. The Holding Units do not expire and the holders thereof are not required to pay an exercise price in connection with exchanges. The Class B common stock provides the holder with one vote on all matters submitted to a vote of the Company's stockholders but does not entitle the holder to any of the economic rights associated with shares of the Company's Class A common stock. (F2) Following the transactions described herein, The Christopher J. Rondeau Revocable Trust of 2006, u/d/t 05/15/06 holds 459,638 Holdings Units and corresponding shares of Class B common stock. |