SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 8.6% Passive Stake in LifeStance Health Group
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a passive beneficial ownership of 8.6% in LifeStance Health Group Inc. as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 32,965,486.04 shares of LifeStance Health Group Inc. common stock.
- This ownership represents 8.6% of the total outstanding common stock of LifeStance Health Group Inc.
- FMR LLC holds sole voting power over 32,959,183.00 shares and sole dispositive power over 32,965,486.04 shares.
- Abigail P. Johnson holds sole dispositive power over 32,965,486.04 shares, with no sole or shared voting power.
- The filing is an Amendment No. 5 to a Schedule 13G, indicating an update to a previously reported passive investment.
- The filing was made under Rule 13d-1(b), signifying a qualified institutional investor holding.
- Several FMR LLC subsidiaries are listed as entities that beneficially own shares, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.
- Fidelity Management & Research Company LLC is noted as beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership, which inherently carries a neutral sentiment as it does not contain performance metrics, strategic updates, or forward-looking statements from the issuer.
Industry Context
LifeStance Health Group operates in the healthcare sector, specifically providing mental health services. This filing indicates continued significant institutional interest in the company, with FMR LLC maintaining a substantial passive stake.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | The document details that members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC (representing 49% of voting power) and have a shareholders' voting agreement, which may deem them to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940. This is a disclosure of FMR LLC's internal control structure, not a change in LifeStance Health Group's governance. | NA | Provides transparency regarding the ultimate control of the reporting entity (FMR LLC) but does not directly impact LifeStance Health Group's corporate governance. |
Related Party Transactions
- The filing discloses the relationship between FMR LLC and Abigail P. Johnson, noting that members of the Johnson family, including Abigail P. Johnson, are the predominant owners of FMR LLC's Series B voting common shares and form a controlling group through a voting agreement. This clarifies the relationship between the reporting persons but does not detail specific related party transactions involving LifeStance Health Group.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake in the company, which can offer insights into institutional confidence.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson |
| 12/31/2024 | Date of event which requires filing of this statement (reporting date for ownership) |
| 02/11/2025 | Date of filing of this Schedule 13G |
Keywords
LifeStance Health Group, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investment, healthcare, mental health
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