LifeStance Health Group, Inc. 8-K

What Happened

• LifeStance Health Group, Inc. announced that director Jeffrey Rhodes resigned from the Board and all Board committees effective July 2, 2026; the resignation was not due to any disagreement with the Company.
• On July 2, 2026 the Board appointed Thurman Justice, Lori Goltermann and Safwan Shabab as directors. Mr. Justice and Ms. Goltermann were appointed as Class II directors (serving until the 2029 annual meeting) and Mr. Shabab was appointed as a Class III director (serving until the 2027 stockholder meeting).
• Committee assignments: Mr. Justice will join the audit committee and the quality and compliance committee; Ms. Goltermann will join the compensation committee and nominating and governance committee; Mr. Shabab will join the nominating and governance committee.
• In connection with their appointments, Mr. Justice and Ms. Goltermann each received an initial grant of 35,492 restricted stock units under the Company’s 2021 Equity Incentive Plan, subject to time- and performance-based vesting and continued Board service. Mr. Shabab’s appointment follows a Stockholder’s Agreement dated June 9, 2021.

Key Details

• Resignation effective date: July 2, 2026; not due to disagreement with the Company.
• New directors appointed: Thurman Justice, Lori Goltermann, Safwan Shabab (all effective July 2, 2026).
• Equity awards: 35,492 restricted stock units each to Mr. Justice and Ms. Goltermann (time- and performance-based vesting).
• Director class terms: Justice & Goltermann — Class II (until 2029 annual meeting); Shabab — Class III (until 2027 meeting).

Why It Matters

• Changes to the Board affect corporate governance and oversight; investors should note the new director mix and committee memberships that influence audit, compensation and governance decisions.
• The RSU grants align the new directors’ financial interests with shareholders and indicate standard director compensation practices for onboarding.
• Appointment of Mr. Shabab pursuant to an existing stockholder agreement highlights previously agreed governance arrangements with certain stockholders.