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

Kevin Michael Mullins, Chief Development Officer of LifeStance Health Group, sold 9,688 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Kevin Michael Mullins, Chief Development Officer of LifeStance Health Group, sold 9,688 shares of common stock on April 1, 2024.
• The sale was executed at a price of $5.93 per share.
• This transaction was to cover tax withholding obligations related to the vesting of restricted stock units and was not a discretionary trade.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't indicate any significant positive or negative sentiment.

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 may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates