Burdick Kenneth A 4
4 · LifeStance Health Group, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
LifeStance (LFST) Director Kenneth Burdick Receives Awards
What Happened Kenneth A. Burdick, a director of LifeStance Health Group, had performance- and time-based restricted stock units vest on March 9, 2026. He was credited with 740,504 shares (33,544 PSUs + 706,960 PSUs/RSUs) at $0.00 (awarded), and the company withheld 327,209 shares to satisfy tax withholding obligations at $6.91 per share (three withholding entries totaling about $2.26M). After withholding, Burdick netted approximately 413,295 shares. The withheld shares were tax withholdings and do not represent open-market sales.
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely filing).
- Awards acquired: 740,504 shares (33,544 and 706,960) at $0.00 — these were PSUs/RSUs that vested.
- Shares withheld for taxes (reported as disposals): 35,816; 13,201; and 278,192 at $6.91 — total value ≈ $2,261,015.
- Net new shares received after withholding: ~413,295.
- Footnotes: PSUs were previously granted on Mar 6, 2025 and Feb 27, 2025; withheld shares reflect net settlement for vested RSUs/PSUs (F1–F5).
- Shares owned after the transaction are not provided in the excerpt.
Context This was a vesting/settlement of equity awards (not an open-market purchase or sale). The disposals reported are routine tax-withholding by the issuer as part of net settlement and should not be read as insider selling into the market. For retail investors, award vesting increases insider ownership but doesn’t necessarily signal a change in sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-09$6.91/sh−35,816$247,489→ 2,976,204 total - Award
Common Stock
[F2]2026-03-09+33,544→ 3,009,748 total - Tax Payment
Common Stock
[F3]2026-03-09$6.91/sh−13,201$91,219→ 2,996,547 total - Award
Common Stock
[F4]2026-03-09+706,960→ 3,703,507 total - Tax Payment
Common Stock
[F5]2026-03-09$6.91/sh−278,192$1,922,307→ 3,425,315 total
- 46,511(indirect: By LLC)
Common Stock
Footnotes (5)
- [F1]Represents the number of shares withheld by the Issuer to satisfy tax withholding obligations in connection with the net settlement of restricted stock units ("RSUs") that vested on March 9, 2026. The shares withheld represent a reduction of shares issued to the Reporting Person upon settlement of vested RSUs and do not constitute any open-market sale.
- [F2]Represents performance-based restricted stock units ("PSUs") previously granted to the Reporting Person on March 6, 2025, which vested on March 9, 2026.
- [F3]Represents the number of shares withheld by the Issuer to satisfy tax withholding obligations in connection with the net settlement of PSUs that vested on March 9, 2026. The shares withheld represent a reduction of shares issued to the Reporting Person upon settlement of vested PSUs and do not constitute any open-market sale.
- [F4]Represents PSUs previously granted to the Reporting Person on February 27, 2025, which vested on March 9, 2026.
- [F5]Represents the number of shares withheld by the Issuer to satisfy tax withholding obligations in connection with the net settlement of PSUs that vested on March 9, 2026. The shares withheld represent a reduction of shares issued to the Reporting Person upon settlement of vested PSUs and do not constitute any open-market sale.