Form 4: LifeStance Health Group Executive Ryan Pardo Reports Stock Transactions
SEC Form 4 Filing
Ryan Pardo, Chief Legal Officer and Secretary of LifeStance Health Group, reports acquisition and disposal of company stock related to vesting of restricted stock units and performance-based stock units, primarily to cover tax obligations.
Summary
- On March 6, 2025, Ryan Pardo acquired 114,213 shares of LifeStance Health Group common stock through restricted stock units (RSUs) at $0 cost.
- On the same day, Pardo disposed of 18,919 shares at $7.88 to cover tax withholding obligations related to the vesting of RSUs.
- On March 7, 2025, Pardo acquired 41,609 and 95,875 shares through performance-based restricted stock units (PSUs) at $0 cost.
- Also on March 7, 2025, Pardo disposed of 13,671 and 28,154 shares at $7.59 to satisfy tax withholding obligations related to the vesting of PSUs.
- Following these transactions, Pardo directly owns 937,392 shares and indirectly owns 2,551,520 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports factual information about insider trading activity related to compensation.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It reflects the vesting of equity-based compensation and the subsequent sale of shares to cover tax obligations.
Comparison to Industry Standards
- The 'sell to cover' transaction is a standard practice among publicly traded companies to manage tax obligations related to equity compensation.
- Similar transactions are regularly reported by executives at companies like Teladoc Health (TDOC) and Amwell (AMWL), which operate in the telehealth and digital health space, reflecting the common use of equity compensation in the industry.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date PSUs were previously granted to the Reporting Person |
| 02/28/2024 | Date PSUs were previously granted to the Reporting Person |
| 03/06/2025 | Date of RSU grant and stock disposal for tax obligations. |
| 03/07/2025 | Date of PSU vesting and stock disposal for tax obligations. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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