LifeStance director sells 69,899 LFST shares
LifeStance Health Group, Inc. director Robert Bessler reported open-market sales of LifeStance common stock through entities he is associated with.
Rhea-AI Filing Summary
LifeStance Health Group, Inc. director Robert Bessler reported open-market sales of LifeStance common stock through entities he is associated with. On April 24, Shama LLC sold 31,074 shares and Vitthal LLC sold 31,073 shares at a reported price of $7.05 per share. On April 23, Shama LLC and Vitthal LLC each sold 3,876 shares at a reported price of $7.00 per share.
After these transactions, reported indirect holdings included 1,391,246 shares through Shama LLC, 1,274,448 shares through Vitthal LLC and 36,363 shares held of record by Alpine Glow Capital, plus 57,619 shares held directly. The footnotes state that Bessler disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
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Insider Trade Summary 10b5-1
Net Seller: 69,899 shares
Net Sell
6 txns
Insider
Bessler Robert
Role
Director
Sold
69,899 shs ($492K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 31,073 | $7.05 | $219K |
| Sale | Common Stock | 31,074 | $7.05 | $219K |
| Sale | Common Stock | 3,876 | $7.00 | $27K |
| Sale | Common Stock | 3,876 | $7.00 | $27K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,274,448 shares (Indirect, Vitthal LLC);
Common Stock — 1,391,246 shares (Indirect, Shama LLC);
Common Stock — 57,619 shares (Direct);
Common Stock — 36,363 shares (Indirect, See Footnote)
Footnotes (5)
- F1. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $7.00 to $7.005 inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- F2. 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.
- F3. 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.
- F4. The price reported is a weighted average price. These shares were sold in multiple transactions ranging from $7.00 to $7.095 inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- F5. 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
Total shares sold: 69,899 shares
April 24 sale price: $7.05 per share
April 23 sale price: $7.00 per share
+4 more
7 metrics
Total shares sold
69,899 shares
Aggregate open-market sales reported in the Form 4
April 24 sale price
$7.05 per share
Open-market sales by Shama LLC and Vitthal LLC on April 24
April 23 sale price
$7.00 per share
Open-market sales by Shama LLC and Vitthal LLC on April 23
Shama LLC holdings
1,391,246 shares
Indirect holdings following transactions, as reported
Vitthal LLC holdings
1,274,448 shares
Indirect holdings following transactions, as reported
Alpine Glow Capital holdings
36,363 shares
Indirect holdings as of April 23 entry
Direct holdings
57,619 shares
Shares held directly by the reporting person after transactions
Key Terms
open-market sale, weighted average price, beneficial ownership, pecuniary interest, +2 more
6 terms
open-market sale financial
"transaction_action": "open-market sale""
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.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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
"except to the extent of his pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 of the Exchange Act"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
""ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LifeStance (LFST) director Robert Bessler report in this Form 4?
He reported open-market sales of LifeStance common stock totaling 69,899 shares across entities Shama LLC and Vitthal LLC at prices around $7.00–$7.05 per share, along with updated post-transaction share holdings.
What does the Form 4 disclose about Alpine Glow Capital’s LifeStance (LFST) holdings?
The filing notes 36,363 shares of LifeStance common stock held of record by Alpine Glow Capital. A footnote explains Bessler is the manager and sole member of Alpine Glow Capital and again disclaims beneficial ownership beyond his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
