This is a routine, small-scale disposition by a pre-IPO venture investor, not a management insider. The dollar amount is immaterial relative to market cap and the fund's likely position. No trading action is warranted; monitor for any subsequent Form 4 filings from the CEO or CFO for more meaningful insider signals.
Price Chart
Executive Summary
Summit Partners Entrepreneur Advisors Fund II, L.P., a major pre-IPO investor in LifeStance Health Group, filed a Form 144 on August 10, 2026, signaling intent to sell 1,626 shares of common stock valued at approximately $17,268. The sale is a routine, small disposition by a venture capital affiliate, representing a negligible fraction of the fund's likely total holdings and the company's $4.2B market cap. This filing is neutral and does not indicate any change in the company's operational outlook or management's confidence.
Key Facts
- Summit Partners Entrepreneur Advisors Fund II, L.P. filed a Form 144 to sell 1,626 shares of LFST common stock.
- The estimated aggregate value of the proposed sale is $17,268.12.
- The shares were acquired pre-IPO on June 10, 2021, via 'Pre-IPO Transactions' in LifeStance Health Group.
- The sale is planned for execution through Citadel Securities LLC on the Nasdaq exchange.
- The filing was signed by Adam H. Hennessey on behalf of the reporting owner.
Financial Impact
Proposed sale of 1,626 shares valued at ~$17,268, representing a de minimis portion of the fund's holdings and less than 0.001% of LFST's $4.2B market cap.
Risk Factors
- The sale could be a precursor to larger future distributions by the fund, though the current filing is too small to indicate a trend.
- No share price or volume data is provided in the filing to assess market impact.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001660981-26-000002 |
| Document: 0001660981-26-000002-index.html | 0001660981-26-000002 |
| Document: 0001660981-26-000002.txt | 0001660981-26-000002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Court Ruling | $12.33 $12.56 | ▲ +1.87% | ▲ +3.05% | $13.12 (+6.41%) |
Oct 16, 2026 10d ago | 8-K | $11.77 $12.22 | ▲ +3.82% | ▲ +3.49% | $13.12 (+11.47%) |
Oct 15, 2026 11d ago | Press Release | $11.74 | awaiting T+1 | — | $13.12 (+11.75%) |
Oct 5, 2026 22d ago | SC 13G/A | $12.22 $12.12 | ▼ −0.82% | ▼ −1.37% | $13.12 (+7.36%) |
Sep 22, 2026 4w ago | Institutional Cluster | $12.55 $12.08 | ▼ −3.75% | ▼ −3.02% | $13.12 (+4.54%) |
Sep 11, 2026 6w ago | 8-K | $13.38 $13.06 | ▲ +2.39% | ▲ +1.93% | $13.12 (+1.94%) |
Aug 18, 2026 9w ago | Insider Cluster | $12.83 $12.65 | ▲ +1.40% | ▲ +0.56% | $13.12 (−2.26%) |
Aug 14, 2026 10w ago | Insider Cluster | $12.55 $12.36 | ▲ +1.51% | ▲ +0.84% | $13.12 (−4.54%) |
Aug 14, 2026 10w ago | 144 | $12.42 $12.55 | ▲ +1.05% | ▲ +1.52% | $13.12 (+5.64%) |
Aug 13, 2026 10w ago | Insider Cluster | $12.42 $12.55 | ▼ −1.05% | ▼ −1.52% | $13.12 (−5.64%) |
US Market Status
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