LifeStance Chief Legal Officer Sells $40.9M of Stock Under 10b5-1 Plans
LFST has more than doubled off its 52-week low of $6.015.
Summary
LifeStance's Chief Legal Officer sold 2.8 million shares for $40.9 million at $14.58 under pre-arranged 10b5-1 plans, adding to a broad run of insider and sponsor selling.
Key Events · Ownership and Investor Activity · LFST
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Chief Legal Officer Offloads 2.8M Shares
On 2026-11-10, Ryan Pardo sold 2,804,505 shares at a weighted average of $14.58, for total proceeds of $40,889,682.90.
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Stake Cut to 505,446 Direct Shares
Direct holdings after the transaction fell to 505,446 shares, with another 334,935 shares remaining in the Kimberly Pardo Irrevocable Trust.
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Sales Made Under Pre-Set 10b5-1 Plans
The transactions were executed under Rule 10b5-1 plans adopted August 10 and August 11, 2026, so the timing was scheduled rather than discretionary.
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Follows Sponsor Secondary at $13.12
The sale comes days after TPG and Summit Partners priced a 45 million-share secondary at $13.12, part of roughly $229 million of net insider selling over 90 days.
Analysis · LFST · Industrial Applications And Services
The practical takeaway here is supply overhang, not a read on the business. Chief Legal Officer and Secretary Ryan Pardo disposed of 2,804,505 shares at a weighted average of $14.58, cutting his direct stake to 505,446 shares and trust-held shares to 334,935. Because the sale was pre-planned under Rule 10b5-1 plans adopted in August, it is not a discretionary call on the business. Still, it lands days after TPG and Summit Partners priced a 45 million-share secondary at $13.12, extending a clear pattern of insider and sponsor distribution. Across six insiders over 90 days, roughly $229 million of net open-market selling has accumulated. That matters more than any read on Q3 results, which beat and came with raised guidance.
How filings like this one have moved
In the 30 days to Nov 12, 2026, 37% of the 3595 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LFST was trading at $13.67 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $6.02 to $15.66. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.