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Filing Details

Accession Number:: 0001562180-21-005646
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-30 19:15:17
Reporting Period:: 2021-08-26

Accepted Time:: 2021-08-30 19:15:17
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	2021-08-26	48,467	$0.00	103,138	No	4	C	Direct
Class A Common Stock	Disposition	2021-08-26	48,467	$79.79	54,671	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-08-27	27,765	$0.00	82,436	No	4	C	Direct
Class A Common Stock	Disposition	2021-08-27	27,765	$80.44	54,671	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-08-27	23,768	$0.00	78,439	No	4	C	Direct
Class A Common Stock	Disposition	2021-08-27	23,768	$81.22	54,671	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	2021-08-26	48,467	$0.00	48,467	$0.00
Class A Common Stock	Holding Units and Class B common stock	Disposition	2021-08-27	51,533	$0.00	51,533	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
369,526			No	4	C	Direct
317,993			No	4	C	Direct

Footnotes

On August 26, 2021 Dorvin Lively exchanged 48,467 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 48,467 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 48,467 shares of Class A common stock of the Company, and substantially simultaneously sold all 48,467 shares of Class A common stock of the Company on the open market. Following the sale, Mr. Lively held 369,526 Holding Units and 369,526 shares of Class B common stock of the Company, as well as 54,671 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 $79.46 to $80.01, 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.
On August 27, 2021, Dorvin Lively exchanged 51,533 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 51,533 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 51,533 shares of Class A common stock of the Company, and substantially simultaneously sold all 51,533 shares of Class A common stock of the Company on the open market. Following the sale, Mr. Lively held 317,993 Holding Units and 317,993 shares of Class B common stock of the Company, as well as 54,671 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 $79.97 to $80.97, 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 $80.98 to $81.57, 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.