Planet Fitness (PLNT) Stockholders to Sell 15M Shares in Secondary Offering

November 16, 2016 4:29 PM EST

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Planet Fitness, Inc. (NYSE: PLNT) ("Planet Fitness" or the "Company") today announced that certain of its existing stockholders (the "Selling Stockholders") intend to offer for sale 15 million shares of its Class A common stock pursuant to a registration statement on Form S-3 filed with the Securities and Exchange Commission.

The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company.

J.P. Morgan will act as underwriter for the offering.

A shelf registration statement on Form S-3 (including a prospectus) relating to the offering of the Company's Class A common stock was filed with the Securities and Exchange Commission ("SEC") on September 1, 2016 and became effective on September 9, 2016.

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