On June 6, 2023, Life Time Group Holdings, Inc. received notice from Jeff Zwiefel, the Company's President and Chief Operating Officer, of his intention to retire from the Company after 25 years of service, effective December 31, 2023. Mr. Zwiefel is expected to continue as President and Chief Operating Officer of the Company through the end of this year at his current compensation level and will, among other things, continue to be dedicated to elevating the Company's athletic country club experience and driving the execution of strategy. The Company will determine during the period before his retirement how to handle Mr. Zwiefel's responsibilities.

In connection with Mr. Zwiefel's retirement, the Company will enter into an Agreement and General Release with Mr. Zwiefel as well as a Consulting Agreement (the “Consulting Agreement”) pursuant to which Mr. Zwiefel will continue to provide strategic and operational consulting services to the Company following his retirement.