LifeStance Health Director Kenneth Burdick Sells 500K Shares

What Happened
Kenneth A. Burdick, a director of LifeStance Health Group, Inc. (LFST), sold 500,000 shares on August 11, 2026. The filing reports a weighted-average sale price of $11.51 per share for total proceeds of $5,755,000. The shares were sold in multiple transactions at prices ranging from $11.50 to $11.665.

Key Details

• Transaction date: 2026-08-11; Form 4 filed: 2026-08-13 (timely filing).
• Transaction type/code: Open-market sale (S).
• Quantity and price: 500,000 shares at a weighted average of $11.51; price range $11.50–$11.665 (see footnote).
• Proceeds: Approximately $5,755,000.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The reported price is a weighted average; the seller says they can disclose the number of shares sold at each separate price on request. No 10b5‑1 plan or other sale plan was disclosed in the supplied details.

Context
This was an open‑market sale by a company director. Sales are often routine (e.g., liquidity or portfolio rebalancing) and do not by themselves indicate the director’s view of the company’s prospects. Because no purchase or option exercise is involved, this transaction is primarily liquidity-driven information for investors rather than a bullish signal.