LifeStance director trust sells 243K shares at $8.02

LifeStance Health Group director Eric Shuey reported an indirect share sale through a family trust.

Accepted by SEC EDGAR 05/14/2026 - 05:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

LifeStance Health Group director Eric Shuey reported an indirect share sale through a family trust. On this Form 4, the Eric Shuey Gift Trust completed an open-market sale of 243,362 shares of LifeStance common stock at a price of $8.02 per share. Following the transaction, the trust held 867,562 shares indirectly, while Shuey also reported 93,982 shares held directly. The filing notes that Shuey disclaims beneficial ownership of the trust-held securities except to the extent of his pecuniary interest.

Insider Trade Summary

Net Seller: 243,362 shares

Net Sell 1 txn

Insider Shuey Eric

Role Director

Sold 243,362 shs ($1.95M)

Type	Security	Shares	Price	Value
Sale	Common Stock	243,362	$8.02	$1.95M
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 867,562 shares (Indirect, By Trust); Common Stock — 93,982 shares (Direct)

Footnotes (1)

1. F1. Shares held of record by the Eric Shuey Gift 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 Securities Exchange Act of 1934 or for any other purpose.

Key Figures

Shares sold: 243,362 shares Sale price: $8.02 per share Indirect shares after sale: 867,562 shares +2 more

5 metrics

Shares sold 243,362 shares Open-market sale by Eric Shuey Gift Trust

Sale price $8.02 per share Price for LifeStance common stock in reported sale

Indirect shares after sale 867,562 shares LifeStance shares held by Eric Shuey Gift Trust post-transaction

Direct holdings 93,982 shares LifeStance shares held directly by Eric Shuey

Net buy/sell direction Net sell of 243,362 shares Aggregate direction from transaction summary

Key Terms

open-market sale, Eric Shuey Gift Trust, beneficial ownership, indirect ownership

4 terms

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Eric Shuey Gift Trust financial

"Shares held of record by the Eric Shuey Gift Trust."

beneficial ownership financial

"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"

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.

indirect ownership financial

"direct_or_indirect": "I","nature_of_ownership": "By Trust""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LifeStance Health Group (LFST) report for Eric Shuey?

LifeStance reported an insider sale associated with director Eric Shuey. The Eric Shuey Gift Trust sold 243,362 shares of common stock in an open-market transaction at $8.02 per share, according to the Form 4 filing.

How many LifeStance (LFST) shares did the Eric Shuey Gift Trust sell and at what price?

The Eric Shuey Gift Trust sold 243,362 LifeStance common shares. The sale occurred at a reported price of $8.02 per share, reflecting an open-market or private transaction as described in the Form 4 filing details.

How many LifeStance (LFST) shares does the Eric Shuey Gift Trust hold after the sale?

After the reported sale, the Eric Shuey Gift Trust held 867,562 LifeStance common shares indirectly. This post-transaction ownership figure is disclosed in the Form 4 as the total shares following the transaction for the trust-held position.

What are Eric Shuey’s direct LifeStance (LFST) share holdings in this Form 4?

The Form 4 shows Eric Shuey directly holding 93,982 LifeStance common shares. This amount appears in a separate holding line, distinct from the trust’s indirect holdings, and reflects shares held directly in his own name.

How does the Form 4 describe Eric Shuey’s ownership of the trust’s LifeStance (LFST) shares?

The filing explains that LifeStance shares are held by the Eric Shuey Gift Trust. It states that Eric Shuey disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, clarifying his relationship to the trust-held shares.

Was the LifeStance (LFST) insider sale executed through a trust or directly by Eric Shuey?

The sale was executed through the Eric Shuey Gift Trust, not directly by Eric Shuey. The Form 4 lists the transaction as indirect ownership "By Trust" and includes a footnote describing the trust’s role and Shuey’s limited beneficial ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shuey Eric

(Last) (First) (Middle)

C/O LIFESTANCE HEALTH GROUP, INC.

4800 N. SCOTTSDALE ROAD, SUITE 6000

(Street)

SCOTTSDALE ARIZONA 85251

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LifeStance Health Group, Inc. [ LFST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/12/2026		S		243,362	D	$8.02	867,562	I	By Trust(1)
Common Stock								93,982	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares held of record by the Eric Shuey Gift 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 Securities Exchange Act of 1934 or for any other purpose.

	/s/ Ryan Pardo, Attorney-in-Fact	05/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)