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

Ann Varanakis, Chief People Officer of LifeStance Health Group, sold shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On August 23, 2024, Ann Varanakis, the Chief People Officer of LifeStance Health Group, sold 5,269 shares of common stock at a price of $6.28 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Varanakis directly owns 263,007 shares of LifeStance Health Group common stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction to cover tax obligations. It doesn't inherently convey positive or negative sentiment, but the lack of discretionary trading suggests stability.

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 an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates