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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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
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
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

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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

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.
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.
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.
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.
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.
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.