[144] Life360, Inc. SEC Filing
Rhea-AI Filing Summary
Form 144 filed for Life360, Inc. (LIF): The filing notifies a proposed sale of 16,287 shares of common stock to be executed through Charles Schwab on 08/26/2025 on NASDAQ with an aggregate market value of $1,477,556.00. The seller previously acquired shares via equity awards on 08/19/2024 (11,100 shares), 03/27/2025 (1,541 shares), and 06/05/2025 (3,646 shares), all listed as equity compensation from the issuer. The filing also reports four completed sales by Russell John Burke in the past three months totaling 12,342 shares for gross proceeds of $820,333.00. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.
Positive
- Transparency: The filing discloses specific share counts, acquisition dates, broker, and aggregate market value for the proposed sale.
- Compliance: Sales were routed through an established broker (Charles Schwab) and prior disposals are reported, consistent with Rule 144 requirements.
- Acquisition clarity: All reported acquisitions are explicitly listed as equity awards from the issuer, with dates and amounts.
Negative
- Insider selling volume: Proposed sale of 16,287 shares plus recent disposals of 12,342 shares represent notable insider liquidity in the near term.
- Concentration of transactions: Multiple sales in the past three months may be interpreted as sustained monetization of holdings by the named individual.
Insights
TL;DR: Insider proposes a sizable sale (16,287 shares, $1.48M) after multiple recent disposals totaling 12,342 shares and $820K.
The filing documents an insider sale using Charles Schwab with a scheduled sale date of 08/26/2025 and shows recent acquisitions were equity awards from the issuer. The reported past three months' disposals by Russell John Burke total 12,342 shares for $820,333, indicating ongoing monetization of equity. This is a routine Rule 144 notification that provides transparency on timing, broker, and amounts but does not include any new operational or financial disclosures about the issuer.
TL;DR: The Form 144 is a standard insider notice; it documents compliance with Rule 144 for scheduled sales and prior transactions.
The filing shows shares were acquired via equity compensation and that subsequent sales were reported, which is consistent with typical insider liquidity events. The seller certifies absence of undisclosed material adverse information. The document does not disclose any governance changes, material events, or non-routine transactions beyond planned and completed equity sales.