Stephen Spinelli Jr., Director at Planet Fitness, Inc. (PLNT), bought 10,000 shares at $49.28 ($493K) on 2026-08-10, disclosed to the SEC on 2026-08-11.
Director Stephen Spinelli Jr. executed the largest-ever insider purchase in Planet Fitness history, buying 10,000 shares for $492,800 on August 10, signaling confidence despite the stock's steep 54.74% year-to-date decline. This move comes as the company navigates a challenging H2 marked by slower membership growth and a recent class-action lawsuit.
The stock is trading at $47.92, a 14.43% drop over the past five days and a staggering 54.74% decline over the last year, putting it 58.06% below its 52-week high of $114.26.
The largest-ever insider purchase by Director Stephen Spinelli Jr. on Aug 10 signals conviction; Q2 results beat estimates on Aug 9/10 with management reaffirming ~7% full-year revenue growth; a securities fraud class action lawsuit filed on Aug 7 poses a potential legal overhang.
Short interest remains elevated at 12.64% of the float; a securities fraud class action lawsuit filed on Aug 7 alleges Planet Fitness misrepresented marketing campaign effectiveness.
Nothing distinguishes this filing.