SCHEDULE: FMR LLC Maintains 10% Stake in LifeStance Health Group
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson report continued beneficial ownership of 10.0% of LifeStance Health Group Inc.'s common stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson filed an Amendment No. 6 to Schedule 13G, reporting their beneficial ownership in LIFESTANCE HEALTH GROUP INC.
- They collectively beneficially own 38,844,756.44 shares of LIFESTANCE HEALTH GROUP INC common stock.
- This ownership represents 10.0% of the total outstanding common stock of the issuer.
- The event date requiring this filing was September 30, 2025, and the filing date was November 4, 2025.
- FMR LLC holds sole voting power over 38,834,464.00 shares and sole dispositive power over 38,844,756.44 shares.
- Abigail P. Johnson holds sole dispositive power over 38,844,756.44 shares.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The filing indicates a stable, significant institutional ownership by FMR LLC and Abigail P. Johnson, which can be viewed as a vote of confidence. However, it is a routine disclosure and not indicative of new strategic developments or financial performance.
Positives
- A major institutional investor, FMR LLC, maintains a significant 10.0% stake in LifeStance Health Group Inc., indicating continued confidence in the company.
- The filing explicitly states that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control, suggesting a passive investment intent.
Future Outlook
NA
Industry Context
FMR LLC, a prominent asset manager, maintaining a significant stake in LifeStance Health Group, a mental health services provider, suggests ongoing institutional interest in the healthcare sector, particularly in specialized areas like behavioral health.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Clarification | Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners (49% voting power) of Series B voting common shares of FMR LLC and have a shareholders' voting agreement, forming a controlling group with respect to FMR LLC. | NA | Clarifies the ultimate control structure of the reporting entity, FMR LLC, which indirectly controls the reported shares in LifeStance Health Group Inc. |
Stakeholder Impact
- Shareholders: May view the continued significant stake by a major institutional investor as a positive signal of long-term confidence in LifeStance Health Group Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-09-30 | Date of event requiring the filing of this statement. |
| 2025-11-04 | Date of filing of this Schedule 13G Amendment No. 6. |
Keywords
LifeStance Health Group, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Institutional Investor, Common Stock, Healthcare, SEC Filing, Schedule 13G
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