Form 4: Summit Partners Sells LifeStance Health Group Shares

Darren M. Black, a director and affiliated with Summit Partners, reports the sale of 3,802,345 shares of LifeStance Health Group, Inc. common stock.

Summary

• Darren M. Black, a director of LifeStance Health Group, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The filing reports a transaction on May 24, 2024, involving the sale of 3,802,345 shares of common stock at a price of $5.89 per share.
• These shares were sold by various Summit Partners entities, including Summit Partners Growth Equity Fund IX-A, L.P., Summit Partners Growth Equity Fund IX-B, L.P., and others.
• Following the reported transaction, Summit Partners still beneficially owns 41,932,358 shares of LifeStance Health Group, Inc.
• Darren Black's beneficial ownership is indirect through his affiliations with Summit Partners.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but the sale of shares by a major holder could be interpreted neutrally to slightly negatively.

Industry Context

Sales by major shareholders are common and can reflect portfolio adjustments or profit-taking, but can also create short term downward pressure on the stock price.

Stakeholder Impact

• The sale of shares may have a short-term impact on the stock price, affecting shareholders.
• The continued significant ownership by Summit Partners suggests ongoing interest in the company's performance.

Key Dates