Director-linked LLCs trim LifeStance (LFST) stakes with 575,034-share sale

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

LifeStance Health Group director Robert Bessler reported indirect open-market sales of company stock by entities associated with him. On May 12, 2026, Shama LLC and Vitthal LLC each sold 287,517 shares of LifeStance common stock at $8.02 per share, for a total of 575,034 shares.

After these transactions, Shama LLC held 1,103,729 shares and Vitthal LLC held 986,931 shares. Separate holding entries show 57,619 shares held directly by Bessler and 36,363 shares held indirectly. Footnotes state that Bessler disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Insider Trade Summary

Net Seller: 575,034 shares ($4,611,773)

Net Sell 4 txns

Insider Bessler Robert

Role null

Sold 575,034 shs ($4.61M)

Type	Security	Shares	Price	Value
Sale	Common Stock	287,517	$8.02	$2.31M
Sale	Common Stock	287,517	$8.02	$2.31M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 986,931 shares (Indirect, Vitthal LLC); Common Stock — 57,619 shares (Direct, null)

Footnotes (1)

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 Exchange Act of 1934 (the "Exchange Act") or for any other purpose. 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 Exchange Act or for any other purpose. Shares held of record by Alpine Glow Capital. The Reporting Person is the manager and sole member of Alpine Glow Capital. 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 Exchange Act or for any other purpose.

Key Figures

Shares sold by Shama LLC: 287,517 shares Shares sold by Vitthal LLC: 287,517 shares Total shares sold: 575,034 shares +5 more

8 metrics

Shares sold by Shama LLC 287,517 shares Open-market sale at $8.02 on May 12, 2026

Shares sold by Vitthal LLC 287,517 shares Open-market sale at $8.02 on May 12, 2026

Total shares sold 575,034 shares Combined sales by Shama LLC and Vitthal LLC

Sale price per share $8.02 per share Price for each open-market sale transaction

Shama LLC post-sale holdings 1,103,729 shares Total common shares after May 12, 2026 sale

Vitthal LLC post-sale holdings 986,931 shares Total common shares after May 12, 2026 sale

Direct holdings by Bessler 57,619 shares Common stock held directly after reported transactions

Additional indirect holdings 36,363 shares Common stock reported as indirectly held after transactions

Key Terms

open-market sale, indirect ownership, beneficial ownership, pecuniary interest

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.

indirect ownership financial

"ownership_type": "indirect""

beneficial ownership financial

"The Reporting Person disclaims beneficial ownership of these 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.

pecuniary interest financial

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

Form 4 Insider Transactions: What Each Field Means →

05/14/2026 - 05:30 PM

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^*

Bessler Robert

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/12/2026		S		287,517	D	$8.02	986,931	I	Vitthal LLC⁽¹⁾
Common Stock	05/12/2026		S		287,517	D	$8.02	1,103,729	I	Shama LLC⁽²⁾
Common Stock								57,619	D
Common Stock								36,363	I	See Footnote⁽³⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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 Exchange Act of 1934 (the "Exchange Act") or for any other purpose.

2. 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 Exchange Act or for any other purpose.

3. Shares held of record by Alpine Glow Capital. The Reporting Person is the manager and sole member of Alpine Glow Capital. 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 Exchange Act 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LFST director Robert Bessler report?

Director Robert Bessler reported indirect open-market sales of LifeStance common stock. Two LLCs associated with him sold a combined 575,034 shares at $8.02 per share on May 12, 2026, according to the Form 4 filing.

How many LifeStance (LFST) shares were sold in the latest Form 4?

The Form 4 shows total sales of 575,034 LifeStance common shares. Shama LLC sold 287,517 shares and Vitthal LLC sold another 287,517 shares, with both transactions priced at $8.02 per share on May 12, 2026.

Who actually sold the LFST shares reported in Robert Bessler’s Form 4?

The sales were made by Shama LLC and Vitthal LLC, entities reported as indirect holders for Robert Bessler. Footnotes state Bessler disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in the entities.

What are Robert Bessler’s holdings in LifeStance after these transactions?

Post-transaction entries show 1,103,729 shares held by Shama LLC, 986,931 shares held by Vitthal LLC, 57,619 shares held directly by Bessler, and 36,363 additional shares reported as indirectly held, according to the Form 4 data.

Were the LFST insider sales open-market transactions?

Yes. The Form 4 classifies both transactions with code “S” and describes them as open-market or private sales. Each sale involved 287,517 LifeStance common shares at a price of $8.02 per share on May 12, 2026.