Form 4: LifeStance Health Group Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Danish J. Qureshi, President and COO of LifeStance Health Group, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On April 1, 2024, Danish J. Qureshi, President and COO of LifeStance Health Group, sold 12,965 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, Qureshi directly owns 4,911,050 shares of LifeStance Health Group common stock.
- Qureshi also indirectly owns 589,002 shares through each of eleven different trusts, but disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the transaction (stock sale). |
| 04/19/2024 | Date of report filing. |
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