Filing Details
- Accession Number:
- 0001193125-22-028369
- Form Type:
- 13G Filing
- Publication Date:
- 2022-02-03 19:00:00
- Filed By:
- Summit Partners L P
- Company:
- Lifestance Health Group Inc.
- Filing Date:
- 2022-02-04
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Summit Partners | 0 | 45,734,703 | 0 | 45,734,703 | 45,734,703 | 12.22% |
| Summit Partners Growth Equity Fund IX-A | 0 | 28,006,042 | 0 | 28,006,042 | 28,006,042 | 7.49% |
| Summit Partners Growth Equity Fund IX-B | 0 | 17,486,585 | 0 | 17,486,585 | 17,486,585 | 4.67% |
| Summit Investors GE IX VC IV (UK) | 0 | 20,450 | 0 | 20,450 | 20,450 | (1) 12. Type of Reporting Person (See Instructions) PN (1) Beneficial ownership representing less than 1% |
| Summit Partners Entrepreneur Advisors Fund II | 0 | 26,134 | 0 | 26,134 | 26,134 | (1) 12. Type of Reporting Person (See Instructions) PN (1) Beneficial ownership representing less than 1% |
| Summit Investors GE IX VC IV | 0 | 195,492 | 0 | 195,492 | 195,492 | (1) 12. Type of Reporting Person (See Instructions) OO (1) Beneficial ownership representing less than 1% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
LifeStance Health Group, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
53228F101
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of this Statement)
Check the Appropriate Box to Designate the Rule Pursuant to Which this Schedule Is Filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1. | Names of Reporting Persons
Summit Partners, L.P. | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
45,734,703 | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
45,734,703 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
45,734,703 | |||||
| 10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11. | Percent of Class Represented By Amount in Row (9)
12.22%(1) | |||||
| 12. | Type of Reporting Person (See Instructions)
PN | |||||
| (1) | Calculated based on 374,148,648 shares of common stock, par value $0.01 per share outstanding as of November 5, 2021 as reported on the Issuers Form 10-Q, filed on November 10, 2021. |
| 1. | Names of Reporting Persons
Summit Partners Growth Equity Fund IX-A, L.P. | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
28,006,042 | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
28,006,042 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
28,006,042 | |||||
| 10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11. | Percent of Class Represented By Amount in Row (9)
7.49%(1) | |||||
| 12. | Type of Reporting Person (See Instructions)
PN | |||||
| (1) | Calculated based on 374,148,648 shares of common stock, par value $0.01 per share outstanding as of November 5, 2021 as reported on the Issuers Form 10-Q, filed on November 10, 2021. |
| 1. | Names of Reporting Persons
Summit Partners Growth Equity Fund IX-B, L.P. | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
17,486,585 | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
17,486,585 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
17,486,585 | |||||
| 10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11. | Percent of Class Represented By Amount in Row (9)
4.67%(1) | |||||
| 12. | Type of Reporting Person (See Instructions)
PN | |||||
| (1) | Calculated based on 374,148,648 shares of common stock, par value $0.01 per share outstanding as of November 5, 2021 as reported on the Issuers Form 10-Q, filed on November 10, 2021. |
| 1. | Names of Reporting Persons
Summit Investors GE IX/VC IV (UK), L.P. | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Cayman Islands | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
20,450 | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
20,450 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
20,450 | |||||
| 10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11. | Percent of Class Represented By Amount in Row (9)
*(1) | |||||
| 12. | Type of Reporting Person (See Instructions)
PN | |||||
| (1) | Beneficial ownership representing less than 1% is denoted with an asterisk (*). Calculated based on 374,148,648 shares of common stock, par value $0.01 per share outstanding as of November 5, 2021 as reported on the Issuers Form 10-Q, filed on November 10, 2021. |
| 1. | Names of Reporting Persons
Summit Partners Entrepreneur Advisors Fund II, L.P. | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
26,134 | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
26,134 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
26,134 | |||||
| 10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11. | Percent of Class Represented By Amount in Row (9)
*(1) | |||||
| 12. | Type of Reporting Person (See Instructions)
PN | |||||
| (1) | Beneficial ownership representing less than 1% is denoted with an asterisk (*). Calculated based on 374,148,648 shares of common stock, par value $0.01 per share outstanding as of November 5, 2021 as reported on the Issuers Form 10-Q, filed on November 10, 2021. |
| 1. | Names of Reporting Persons
Summit Investors GE IX/VC IV, LLC | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☐
| |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
195,492 | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
195,492 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
195,492 | |||||
| 10. | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11. | Percent of Class Represented By Amount in Row (9)
*(1) | |||||
| 12. | Type of Reporting Person (See Instructions)
OO | |||||
| (1) | Beneficial ownership representing less than 1% is denoted with an asterisk (*).Calculated based on 374,148,648 shares of common stock, par value $0.01 per share outstanding as of November 5, 2021 as reported on the Issuers Form 10-Q, filed on November 10, 2021. |
| Item 1(a). | Name of Issuer |
LifeStance Health Group, Inc. (the Issuer)
| Item 1(b). | Address of the Issuers Principal Executive Offices |
4800 N. Scottsdale Road, Suite 6000
Scottsdale, Arizona 85251
| Item 2(a). | Names of Persons Filing |
This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the Reporting Persons:
| (i) | Summit Partners, L.P. |
| (ii) | Summit Partners Growth Equity Fund IX-A, L.P. |
| (iii) | Summit Partners Growth Equity Fund IX-B, L.P. |
| (iv) | Summit Investors GE IX/VC IV (UK), L.P. |
| (v) | Summit Partners Entrepreneur Advisors Fund II, L.P. |
| (vi) | Summit Investors GE IX/VC IV, LLC |
| Item 2(b). | Address of the Principal Business Office, or if none, Residence: |
222 Berkeley Street, 18th Floor
Boston, MA 02116
| Item 2(c). | Citizenship |
See responses to Item 4 on each cover page.
| Item 2(d). | Title of Class of Securities |
Common Stock, par value $0.01 per share
| Item 2(e). | CUSIP Number |
53228F101
| Item 3. | If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n): |
Not Applicable.
| Item 4. | Ownership |
| (a) | Amount beneficially owned: |
See responses to Item 9 on each cover page.
| (b) | Percent of Class: |
See responses to Item 11 on each cover page.
| (c) | Number of shares as to which the Reporting Person has: |
| (i) | Sole power to vote or to direct the vote: |
See responses to Item 5 on each cover page.
| (ii) | Shared power to vote or to direct the vote: |
See responses to Item 6 on each cover page.
| (iii) | Sole power to dispose or to direct the disposition of: |
See responses to Item 7 on each cover page.
| (iv) | Shared power to dispose or to direct the disposition of: |
See responses to Item 8 on each cover page.
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 general partner of Summit Partners L.P., which is the manager 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. 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 the reported securities held by Summit Partners, L.P., through a three-person investment committee. Peter Y. Chung, Mark A. deLaar and Craig D. Frances are the current members of the investment committee, and as such may be deemed to have voting and dispositive authority over the reported securities, but each of the foregoing disclaim such beneficial ownership. This Statement shall not be construed as an admission that the Reporting Persons or any of the members of the investment committee are, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement.
| Item 5. | Ownership of Five Percent or Less of a Class |
Not Applicable.
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
Not Applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company |
Not Applicable.
| Item 8. | Identification and Classification of Members of the Group |
Not Applicable.
| Item 9. | Notice of Dissolution of Group |
Not Applicable.
| Item 10. | Certification |
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 4, 2022
| Summit Partners, L.P. | ||
| By: | Summit Master Company, LLC | |
| Its: | General Partner | |
| By: | * | |
| Authorized Signatory | ||
| Summit Partners Growth Equity Fund IX-A, L.P. | ||
| By: | Summit Partners GE IX, LP | |
| Its: | General Partner | |
| By: | * | |
| Authorized Signatory | ||
| Summit Partners Growth Equity Fund IX-B, L.P. | ||
| By: | Summit Partners GE IX, LP | |
| Its: | General Partner | |
| By: | * | |
| Authorized Signatory | ||
| Summit Investors GE IX/VC IV, LLC | ||
| By: | Summit Investors Management, LLC | |
| Its: | Manager | |
| By: | * | |
| Authorized Signatory | ||
| Summit Investors GE IX/VC IV (UK), L.P. | ||
| By: | Summit Investors Management, LLC | |
| Its | Manager | |
| By: | * | |
| Authorized Signatory | ||
EXHIBIT LIST
| Exhibit A | Joint Filing Agreement, dated as of February 4, 2022 | |
| Exhibit B | Powers of Attorney. | |