Darren M. Black

Darren M. Black sold 5.90M LFST shares at $8.02 (5/12/26) for $47.3M, retaining 23.31M shares; stock now at $7.89.

Director Darren M. Black executed a substantial $47.3M sale of 5,899,661 shares at $8.02 on 2026-05-12, reducing his position by 20% while still maintaining significant ownership of 23.31M shares. His prior three sales at LFST show poor timing: each post-sale period saw the stock rise (30d returns of -9.1%, +1.6%, and -10.2%; 90d returns of +15.6%, +26.2%, and +2.2%), with a 0% well-timed rate at the 90-day mark. The current price of $7.89 is below the $8.02 sale price and 11.2% below the 52-week high, though the stock has gained 21.2% over the past 30 days. Given the company's high P/E of 131.50, revenue growth of 13.8%, and his consistent pattern of selling into rallies that subsequently continue higher, this sale provides a signal worth monitoring but does not yet indicate a structural conviction shift by an insider with a demonstrated track record of sub-optimal exit timing.

Director BLACK DARREN M. sold 4,314,939 shares of LFST at $7.01 on 2026-03-02 for $30,247,722.39; reduced stake by 12.9%.

Director BLACK DARREN M. executed a substantial sale of 4,314,939 shares at $7.01, reducing his holdings from 33,524,715 shares to 29,209,776 shares—a 12.9% reduction of his pre-transaction stake. The sale occurred at a price -10.2% from the 52-week high of $8.16, and the stock currently trades at $7.33, 4.6% above the transaction price. His prior two sales at LFST both generated positive 90-day returns (+1.6% and +26.2%), meaning both prior sales preceded stock appreciation—a pattern of poorly-timed exits at this ticker. The company's fundamentals show revenue of $363,809,000.00 with net income of $1,077,000.00, a P/E of 48.87, and annual revenue growth of +13.8%, reflecting modest profitability relative to valuation. The substantial dollar magnitude ($30,247,722.39) and the substantial portion of holdings disposed signal a material reduction in the director's financial commitment to the company.

Director Darren M. Black sold 8,407,643 shares (8.41M) of LFST at $5.07; now holds 33,524,715 shares post-sale.

Director Darren M. Black sold 8,407,643 shares representing a 20.1% reduction in his LFST holdings on 2025-08-18 at $5.07. The transaction occurred when the stock trades 34.5% below its 52-week high of $8.17, though it has rebounded 28.3% over the past 30 days. LifeStance remains unprofitable (net income of $-3,791,000 in the latest quarter) despite 18.5% annual revenue growth, indicating the company is still in a loss-making phase. His prior LFST sale in May 2024 at the same price point ($5.07 equivalent basis) subsequently rose 2.2% over 90 days, suggesting that previous sale was not well-timed; the current sale's timing relative to future price action will depend on whether the company's path to profitability materializes or further deteriorates.