LifeStance (LFST) CEO David Bourdon Gifts 300,000 Shares to Trusts

What Happened

• David Bourdon, CEO of LifeStance Health Group, Inc. (LFST), reported gifts of stock on 2026-09-22. The filing shows transfers of 150,000 shares to The KMB 2026 Grantor Retained Annuity Trust and 150,000 shares to The DPB 2026 Grantor Retained Annuity Trust — a total of 300,000 shares. Each transfer is reported as a gift (transaction code G) at $0.00 per share (no cash consideration).

Key Details

• Transaction date: 2026-09-22; Filing date: 2026-09-24 (appears timely under the two-business-day Form 4 rule).
• Price: $0.00 per share; total reported cash value $0 (gifts).
• Total shares transferred: 300,000 (150,000 to KMB GRAT; 150,000 to DPB GRAT).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes:
  • F1/F2: The KMB 2026 GRAT holds the transferred shares; an immediate family member is the sole trustee and annuitant.
  • F3/F4: The DPB 2026 GRAT holds the transferred shares; the reporting person (Bourdon) is the sole trustee and annuitant.
• No option exercises, open-market buys/sells, or tax-withholding noted in this filing.

Context

• These were gifts/transfers into Grantor Retained Annuity Trusts (GRATs), commonly used for estate and tax planning. Gift transactions are not direct buy or sell signals about the insider’s view of the stock price and should not be interpreted as a trading-based endorsement or rejection of the company.
• One trust is controlled by an immediate family member, and the other is controlled by Bourdon himself (per footnotes), which explains the duplicated gift/acquisition reporting lines for each transfer.