Filing Details

Accession Number:
0001562180-20-006683
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-11-12 18:54:36
Reporting Period:
2020-11-10
Accepted Time:
2020-11-12 18:54:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1637207 Planet Fitness Inc. PLNT () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1135314 D Dorvin Lively C/O Planet Fitness, Inc.
4 Liberty Lane West
Hampton NH 03842
President No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2020-11-10 56,997 $0.00 101,004 No 4 C Direct
Class A Common Stock Disposition 2020-11-10 56,997 $75.05 44,007 No 4 S Direct
Class A Common Stock Acquisiton 2020-11-11 26,995 $0.00 71,002 No 4 C Direct
Class A Common Stock Disposition 2020-11-11 26,995 $72.14 44,007 No 4 S Direct
Class A Common Stock Acquisiton 2020-11-11 16,008 $0.00 60,015 No 4 C Direct
Class A Common Stock Disposition 2020-11-11 16,008 $72.79 44,007 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Holding Units and Class B common stock Disposition 2020-11-10 56,997 $0.00 56,997 $0.00
Class A Common Stock Holding Units and Class B common stock Disposition 2020-11-11 43,003 $0.00 43,003 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
660,996 No 4 C Direct
617,993 No 4 C Direct
Footnotes
  1. On November 10, 2020 Dorvin Lively exchanged 56,997 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 56,997 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 56,997 shares of Class A common stock of the Company, and substantially simultaneously sold all 56,997 shares of Class A common stock of the Company on the open market. Following the sale, Mr. Lively held 660,996 Holding Units and 660,996 shares of Class B common stock of the Company, as well as 44,007 shares of Class A common stock.
  2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $74.75 to $75.70, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
  3. On November 11, 2020 Dorvin Lively exchanged 43,003 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 43,003 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 43,003 shares of Class A common stock of the Company, and substantially simultaneously sold all 43,003 shares of Class A common stock of the Company on the open market. Following the sale, Mr. Lively held 617,993 Holding Units and 617,993 shares of Class B common stock of the Company, as well as 44,007 shares of Class A common stock.
  4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $71.50 to $72.50, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
  5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $72.51 to $73.01, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
  6. Pursuant to the terms of the Exchange Agreement dated as of August 5, 2015, as amended, 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 holders thereof may exchange all or a portion of their Holding Units along with an equal number of shares of Class B common stock for shares of Class A common stock of the Company on a one-to-one basis (one Holding Unit and one share of Class B common stock together exchangeable for one share of Class A common stock). The holders thereof are not required to pay an exercise price in connection with any such exchange. The Holding Units do not expire. 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.