Darren M. Black - May 24, 2024 Form 4 Insider Report for LifeStance Health Group, Inc. (LFST)

Signature
/s/ Adam Hennessey, POA for Darren M. Black
Stock symbol
LFST
Transactions as of
May 24, 2024
Transactions value $
-$22,395,812
Form type
4
Date filed
5/29/2024, 04:55 PM
Previous filing
Jun 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LFST Common Stock Sale -$22.4M -3.8M -8.31% $5.89 41.9M May 24, 2024 See Footnotes. F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 2,328,399 shares sold by Summit Partners Growth Equity Fund IX-A, L.P., 1,453,820 shares sold by Summit Partners Growth Equity Fund IX-B, L.P., 16,253 shares sold by Summit Investors GE IX/VC IV, LLC, 2,173 shares sold by Summit Partners Entrepreneur Advisors Fund II, L.P., and 1,700 shares sold by Summit Investors GE IX/VC IV (UK), L.P.
F2 Represents 25,677,643 shares held by Summit Partners Growth Equity Fund IX-A, L.P., 16,032,765 shares held by Summit Partners Growth Equity Fund IX-B, L.P., 179,239 shares held by Summit Investors GE IX/VC IV, LLC, 23,961 shares held by Summit Partners Entrepreneur Advisors Fund II, L.P., and 18,750 shares held by Summit Investors GE IX/VC IV (UK), L.P.
F3 Darren Black is a Managing Director and Member of Summit Master Company, LLC, the general partner of Summit Partners, L.P. Summit Partners, L.P. is the managing member of Summit Partners GE IX, LLC, which is general partner of Summit Partners GE IX, LP, which is the general partner of Summit Partners Growth Equity Fund IX-A, L.P. and Summit Partners Growth Equity Fund IX-B, L.P. Summit Master Company, LLC is (i) the sole member of Summit Partners Entrepreneur Advisors GP II, LLC, which is the general partner of Summit Partners Entrepreneur Advisors Fund II, L.P. and (ii) the managing member of Summit Investors Management, LLC, which is the manager of Summit Investors GE IX/VC IV, LLC, and the general partner of Summit Investors GE IX/VC IV (UK), L.P.
F4 Summit Master Company, LLC, as the sole member of Summit Partners Entrepreneur Advisors GP II, LLC and the managing member of Summit Investors Management, LLC, has delegated investment decisions, including voting and dispositive power, to Summit Partners, L.P. and its investment committee responsible for voting and investment decisions with respect to LifeStance Health Group, Inc. Summit Partners, L.P., through a three-person investment committee, currently composed of Peter Y. Chung, Mark A. deLaar and Craig D. Frances, has voting and dispositive authority over the shares held by each of these entities and therefore beneficially owns such shares. Each of the Summit Funds, Mr. Chung, Mr. deLaar and Dr. Frances disclaim disclaims beneficial ownership of the shares, except, in each case, to the extent of such person's or entity's pecuniary interest therein.