X0306 4 2021-03-09 false 0001637207 Planet Fitness, Inc. PLNT 0001135314 LIVELY DORVIN D C/O PLANET FITNESS, INC. 4 LIBERTY LANE WEST HAMPTON NH 03842 false true false false President Class A Common Stock 2021-03-09 4 C false 63450.00 0.00 A 107457.00 D Class A Common Stock 2021-03-09 4 S false 63450.00 84.0154 D 44007.00 D Class A Common Stock 2021-03-09 4 C false 7282.00 0.00 A 51289.00 D Class A Common Stock 2021-03-09 4 S false 7282.00 84.5785 D 44007.00 D Class A common stock 2021-03-10 4 C false 13741.00 0.00 A 57748.00 D Class A Common Stock 2021-03-10 4 S false 13741.00 81.7105 D 44007.00 D Class A common stock 2021-03-10 4 C false 15527.00 0.00 A 59534.00 D Class A common stock 2021-03-10 4 S false 15527.00 82.7344 D 44007.00 D Holding Units and Class B common stock 2021-03-09 4 C false 70732.00 0.00 D Class A common stock 70732.00 447261.00 D Holding Units and Class B common stock 2021-03-10 4 C false 29268.00 0.00 D Class A common stock 29268.00 417993.00 D On March 9, 2021 Dorvin Lively exchanged 70,732 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 70,732 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 70,732 shares of Class A common stock of the Company, and substantially simultaneously sold all 70,732 shares of Class A common stock of the Company on the open market. Following the sale, Mr. Lively held 447,261 Holding Units and 447,261 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 $83.50 to $84.50, 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 $84.51 to $84.72, 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 March 10, 2021 Dorvin Lively exchanged 29,268 Common Units of Pla-Fit Holdings, LLC ("Holding Units") and 29,268 shares of Class B common stock of Planet Fitness, Inc. (the "Company") for 29,268 shares of Class A common stock of the Company, and substantially simultaneously sold all 29,268 shares of Class A common stock of the Company on the open market. Following the sale, Mr. Lively held 417,993 Holding Units and 417,993 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 $81.35 to $82.35, 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 $82.36 to $83.11, 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. Mr. Lively is President and Chief Financial Officer of the Company. /s/ Justin Vartanian, Attorney-in-Fact 2021-03-11