Form 4: LifeStance Health Group Executive Ryan Pardo Sells Shares to Cover Tax Obligations

LifeStance Health Group's Chief Legal Officer and Secretary, Ryan Pardo, sold shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On June 12, 2024, Ryan Pardo, Chief Legal Officer and Secretary of LifeStance Health Group, Inc., sold 61,508 shares of common stock at a price of $5.4 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Pardo directly owns 746,439 shares of common stock.
• Pardo also indirectly owns 2,551,520 shares through the Kimberly Pardo Irrevocable Trust.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain information that would significantly sway investor sentiment positively or negatively.

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 are a routine part of executive compensation, particularly when dealing with vesting restricted stock units. This event is specific to the individual and does not necessarily reflect the overall health or prospects of LifeStance Health Group.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on shareholders due to the increased supply of shares in the market.

Key Dates