Bessler Robert 4
Research Summary
AI-generated summary
LifeStance (LFST) Director Robert Bessler Sells 894,337 Shares
What Happened
- Robert Bessler, a director of LifeStance Health Group, Inc. (LFST), reported two open-market sales on June 26, 2026 totaling 894,337 shares disposed. The filing shows a weighted-average price of $10.13: 447,168 shares for $4,529,812 and 447,169 shares for $4,529,822, for aggregate proceeds of approximately $9,059,634. These were sales (not purchases), which are often routine liquidity events rather than bullish insider buying.
Key Details
- Transaction date: June 26, 2026; Form 4 filed June 30, 2026 (appears timely under the two-business-day SEC filing rule).
- Prices: weighted-average $10.13; sale price range reported as $10.00 to $10.295 (footnote F1).
- Shares sold: 447,168 and 447,169 (total 894,337); total proceeds ≈ $9,059,634.
- Shares owned after transaction: not specified in this filing.
- Notable footnotes:
- F1: Price is a weighted average; seller can provide per-price breakdown on request.
- F4/F2/F3: Shares are held of record by Alpine Glow Capital (Bessler is manager and sole member); Bessler disclaims beneficial ownership except for his pecuniary interest.
- Transaction code: S = Sale (open market or private sale).
Context
- Sales by directors can be for personal liquidity, tax, or portfolio reasons and do not necessarily indicate a change in company outlook. Because this filing reports outright sales (not option exercises or gifts), there is no immediate implication of additional share issuance or cashless exercise mechanics.