Form 4: LifeStance Health Group CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
LifeStance Health Group's CEO, Kenneth A. Burdick, sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Kenneth A. Burdick, CEO of LifeStance Health Group, sold 214,605 shares of common stock on March 15, 2024.
- The sale was executed at a price of $6.28 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Burdick still beneficially owns 2,934,372 shares of LifeStance Health Group.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't contain any overtly positive or negative information about the company's performance or future prospects.
Management Comments
- The sale was made to satisfy tax withholding obligations through a 'sell to cover' transaction and does not represent a discretionary trade by the Reporting Person.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock sale transaction |
| 03/19/2024 | Date of signature on the Form 4 filing |
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