LifeStance (NASDAQ: LFST) director reports 9,376-share tax withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LifeStance Health Group director and officer Ryan Pardo reported a routine tax-related share withholding tied to vesting equity. On April 1, 2026, 9,376 shares of common stock were withheld at $6.37 per share to cover tax obligations from restricted stock units that vested on March 9, 2026. The filing states this was not an open-market sale. After the withholding, Pardo directly held 1,093,366 shares, and an additional 2,551,520 shares were reported as held indirectly by a trust, with beneficial ownership of those trust shares disclaimed except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pardo Ryan
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,376 | $6.37 | $60K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,093,366 shares (Direct);
Common Stock — 2,551,520 shares (Indirect, By Trust)
Footnotes (1)
- Represents the number of shares withheld by the Issuer to satisfy tax withholding obligations in connection with the net settlement of restricted stock units ("RSUs") that vested on March 9, 2026. The shares withheld represent a reduction of shares issued to the Reporting Person upon settlement of vested RSUs and do not constitute any open-market sale. Shares held of record by Kimberly Pardo Irrevocable Trust. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
Key Figures
Tax-withheld shares: 9,376 shares
Withholding price: $6.37 per share
Direct holdings after transaction: 1,093,366 shares
+2 more
5 metrics
Tax-withheld shares
9,376 shares
Withheld on April 1, 2026 to satisfy tax obligations
Withholding price
$6.37 per share
Value used for tax-withholding disposition
Direct holdings after transaction
1,093,366 shares
Common stock directly held by Ryan Pardo following event
Indirect trust holdings
2,551,520 shares
Shares held by Kimberly Pardo Irrevocable Trust, beneficial ownership disclaimed
Tax-withholding shares summary
9,376 shares
Reported as taxWithholdingShares in transaction summary
Key Terms
restricted stock units, net settlement, tax withholding obligations, pecuniary interest, +1 more
5 terms
restricted stock units financial
"in connection with the net settlement of restricted stock units ("RSUs") that vested on March 9, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
net settlement financial
"in connection with the net settlement of restricted stock units ("RSUs") that vested on March 9, 2026"
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations in connection with the net settlement"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did LifeStance Health Group (LFST) report for Ryan Pardo?
LifeStance Health Group reported that director and officer Ryan Pardo had 9,376 LFST shares withheld to cover taxes on vested restricted stock units. This was a tax-withholding disposition, not an open-market stock sale, and reflects routine equity compensation settlement mechanics.
Was the LFST insider transaction by Ryan Pardo an open-market stock sale?
No, the filing explicitly states the 9,376 LFST shares were withheld to satisfy tax withholding obligations on vested RSUs and do not constitute an open-market sale. The shares represent a reduction in shares issued upon settlement of those restricted stock units.
What role do restricted stock units play in the LFST Form 4 for Ryan Pardo?
The Form 4 explains that the withheld 9,376 LFST shares came from the net settlement of restricted stock units that vested on March 9, 2026. Shares were reduced to satisfy tax withholding obligations arising from this vesting event, which is typical for equity compensation programs.