Pardo Ryan 4

What Happened
Ryan Pardo, a director and LifeStance’s Chief Legal Officer and Secretary, had restricted stock units (RSUs) and performance stock units (PSUs) vest on March 9, 2026. He was credited with a total of 145,965 shares (40,254 RSUs + 105,711 PSUs). To satisfy tax-withholding obligations, 66,600 shares were withheld by the issuer (three withholding entries at $6.91 per share totaling approximately $460,206). The net increase in shares issued to Pardo from the vesting was 79,365 shares. The withheld shares were not sold on the open market.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely within the 2-business-day window).
• Awards vested: 40,254 shares (RSUs) and 105,711 shares (PSUs) — total 145,965 shares acquired (transaction code A).
• Tax withholding: 12,280; 15,841; and 38,479 shares withheld (total 66,600 shares) at $6.91 each, totaling ~$460,206 (transaction code F). Withheld shares reduced shares issued and do not represent open-market sales.
• Net new shares credited on vesting: 79,365 shares (145,965 − 66,600).
• Grants referenced: PSUs/RSUs granted in 2025 (grant dates noted in the filing: Mar 6, 2025 and Feb 27, 2025).
• Trust note: Some shares are held of record by the Kimberly Pardo Irrevocable Trust; the reporting person disclaims beneficial ownership except to the extent of pecuniary interest (footnote F6).
• Filing status: Not indicated as late.

Context

• These transactions are award vestings and net settlements (issuer withheld shares for taxes). That is different from an open-market sale or purchase and generally reflects routine compensation/vesting rather than a market sentiment trade.
• For retail investors, purchases/acquisitions may be more informative about insider conviction; in this case the filing documents compensation vesting and tax withholding rather than discretionary buying or selling.