Burdick Kenneth A 4
Research Summary
AI-generated summary
LifeStance Director Kenneth Burdick Withholds 424,551 Shares
What Happened
Kenneth A. Burdick, a director of LifeStance Health Group, Inc. (LFST), had 424,551 shares withheld by the company to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The filing reports the withholding at $7.11 per share, representing $3,018,558. This was a tax-withholding/net settlement of awards, not an open-market sale or purchase.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 9, 2026 (reporting period March 6, 2026).
- Transaction type/code: Tax withholding/net settlement (code F).
- Shares withheld: 424,551 at $7.11 per share; total value reported $3,018,558.
- Shares owned after transaction: Not stated in the provided filing.
- Footnote: The shares were withheld by the issuer to satisfy tax withholding on vested RSUs and do not constitute an open-market sale.
- No indication in the filing of a 10b5-1 plan or a late filing flag.
Context
This is a routine corporate action where the company withholds shares to cover tax liabilities from RSU vesting (a net settlement). It should not be interpreted as a director selling shares on the open market; such withholdings are common and do not necessarily signal the insider’s view on the company’s prospects.