Life360 (NASDAQ: LIF) approves $225 million multi-year stock buyback plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Life360, Inc. announced that its Board of Directors has authorized a new multi-year share repurchase program of up to $225 million of its outstanding common stock. The company may buy shares in the open market, through block trades, privately negotiated deals, or other permitted methods, including under Rule 10b5-1 plans and Rule 10b-18.
The program’s timing and amount of repurchases will be determined by management based on share price, market conditions, and the company’s liquidity needs, and it can be modified, suspended, or discontinued at any time. Life360 states that the objective is to offset dilution from stock-based compensation and notes support from a strong balance sheet and twelve consecutive quarters of positive operating cash flow.
Positive
- None.
Negative
- None.
Insights
Life360 launches a sizable, flexible buyback aimed at offsetting dilution.
Life360 has authorized a multi-year share repurchase program of up to $225 million. The stated goal is to offset dilution from stock-based compensation while returning value to shareholders. Management highlights twelve consecutive quarters of positive operating cash flow supporting this capital deployment.
The company can repurchase shares in various ways, including open-market purchases and transactions made under Rule 10b5-1 trading plans and Rule 10b-18. Actual impact depends on how much of the authorization is used, the pace of purchases, and prevailing share prices.
Because the program is discretionary and may be modified, suspended, or discontinued at any time, investors will need future company disclosures to see how much capital is ultimately deployed and how it interacts with ongoing stock-based compensation issuance.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Share repurchase authorization: $225 million
Positive operating cash flow streak: 12 quarters
Monthly active users: 97.8 million
3 metrics
Share repurchase authorization
$225 million
Maximum aggregate amount for multi-year buyback program
Positive operating cash flow streak
12 quarters
Consecutive quarters of positive operating cash flow cited by company
Monthly active users
97.8 million
MAU as of March 31, 2026 across more than 180 countries
Key Terms
share repurchase program, stock-based instruments, Rule 10b5-1 trading plans, Rule 10b-18, +2 more
6 terms
stock-based instruments financial
"designed to return value to our shareholders by minimizing dilution from stock-based instruments"
Rule 10b5-1 trading plans regulatory
"including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act"
Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.
Rule 10b-18 regulatory
"including through Rule 10b5-1 trading plans and under 10b-18 of the Exchange Act"
Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.
operating cash flow financial
"supported by a strong balance sheet and twelve consecutive quarters of positive operating cash flow"
Operating cash flow is the amount of money a company earns from its main business activities, like selling products or services. It shows how well the company can generate cash to pay bills, invest in growth, or return money to shareholders. This figure helps investors understand if the company’s core operations are healthy and sustainable.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of the safe harbor provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 15, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices, including zip code)(1) | ||
( | ||
| (Registrant’s telephone number, including area code) | ||
| Not applicable. | ||
| (Former name or former address, if changed since last report) | ||
______________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Common Stock, $0.001 par value per share | LIF | The Nasdaq Stock Market LLC | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | ||
____________________
(1)We are a Delaware corporation with a globally distributed workforce and no corporate headquarters. Under the Securities and Exchange Commission's rules, we are required to designate a “principal executive office.” For purposes of this report, we have designated our office in San Mateo, California as our principal executive office.
Item 8.01 Other Events
On May 17, 2026, Life360, Inc. (the “Company”) issued a press release (the “Press Release”) announcing that its Board of Directors has approved a new repurchase program authorizing the deployment of up to $225 million to repurchase the Company’s outstanding common stock. Repurchases under the newly authorized program may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations (including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act).
The timing and amount of common stock repurchased will depend on various factors, including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities.
The repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended, or discontinued at any time.
A copy of the Press Release is attached hereto as Exhibit 99.1 and incorporated by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||||
| 99.1 | Press Release dated May 17, 2026 | ||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIFE360, INC. | |||||||||||
| Dated: | May 17, 2026 | By: | /s/ Russell Burke | ||||||||
| Russell Burke | |||||||||||
| Chief Financial Officer | |||||||||||
(Principal Financial and Accounting Officer) | |||||||||||
Life360 Board of Directors Authorizes Up to $225 Million Multi-Year Share Repurchase Program to Offset Stock-Based Compensation Dilution SAN FRANCISCO — May 17, 2026 — Life360, Inc. (NASDAQ: LIF; ASX: 360), the provider of the market-leading family safety and connection mobile application, today announced that its Board of Directors has authorized management’s deployment of a multi-year share repurchase program of up to $225 million (the “Program”). The objective of the Program is designed to return value to our shareholders by minimizing dilution from stock-based instruments. The Program represents a productive deployment of the Company’s capital, supported by a strong balance sheet and twelve consecutive quarters of positive operating cash flow. “We remain focused on investing in the Life360 platform as we grow our global member base and deepen the value we deliver to families,” said Life360 Chief Executive Officer Lauren Antonoff. “This targeted share repurchase program reflects the Board’s confidence in the durability of our model, our disciplined capital allocation, and our ability to generate consistent long-term cash flow.” Under the Program, Life360 may repurchase shares of its common stock in the United States from time to time in the open market over a multi-year period, at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations (including through Rule 10b5-1 trading plans and under 10b-18 of the Exchange Act). The timing and amount of repurchases will be determined at management’s discretion based on market conditions, share price, liquidity, and other factors. The Program does not obligate the Company to acquire any specific number or dollar amount of shares and may be suspended, modified, or discontinued at any time. About Life360, Inc. Life360, a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app and hardware tracking devices empower members to stay connected to the people, pets, and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. As a remote-first company based in the San Francisco Bay Area, Life360 serves approximately 97.8 million monthly active users (MAU), as of March 31, 2026, across more than 180 countries. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small. For more information, please visit life360.com Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements include statements regarding the Company’s intended share repurchases, capital allocation priorities, financial performance, and strategic plans. Such statements involve risks and uncertainties that could cause actual results to differ materially, including changes in market conditions, the Company’s financial position, and factors described under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the SEC and available on the ASX Market Announcements Platform. The Company undertakes no obligation to update any forward-looking statements except as required by law. Contacts For U.S. investor inquiries: For U.S. media inquiries: Raymond (RJ) Jones Lynnette Bruno rjones@life360.com press@life360.com For Australian investor inquiries: For Australian media inquiries: Jolanta Masojada, +61 417 261 367 Giles Rafferty, +61 481 467 903 jmasojada@life360.com grafferty@firstadvisers.com.au
FAQ
What did Life360 (LIF) announce in its latest 8-K filing?
Life360 announced Board authorization of a multi-year share repurchase program of up to $225 million. The company aims to offset dilution from stock-based compensation while deploying capital it says is supported by a strong balance sheet and sustained positive operating cash flow.
What is the main purpose of Life360’s $225 million buyback program?
The company states the program is designed to minimize dilution from stock-based instruments and return value to shareholders. It ties this to disciplined capital allocation and emphasizes support from a strong balance sheet and twelve consecutive quarters of positive operating cash flow.
Is Life360 required to repurchase the full $225 million of stock?
No. The repurchase program does not obligate Life360 to buy any specific number or dollar amount of shares. It may be modified, suspended, or discontinued at any time, and actual repurchases will depend on price, market conditions, and corporate liquidity priorities.
How many users does Life360 serve as of March 31, 2026?
Life360 reports serving approximately 97.8 million monthly active users as of March 31, 2026. These users are located across more than 180 countries and access the company’s family safety and connection services via its mobile app and hardware tracking devices.