Form 4: LifeStance Health Group Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ryan Pardo, Chief Legal Officer and Secretary of LifeStance Health Group, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On April 1, 2024, Ryan Pardo, Chief Legal Officer and Secretary of LifeStance Health Group, sold 9,830 shares of common stock at a price of $5.93 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 807,947 shares of LifeStance Health Group common stock.
- Pardo also has indirect ownership of 2,551,520 shares held by the Kimberly Pardo Irrevocable Trust, but disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing related to an insider transaction. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock sale transaction. |
| 04/19/2024 | Date of Form 4 filing. |
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