Life360 director trades shares under 10b5-1 plan
Life360, Inc. director Chris Hulls reported a routine mix of equity transactions tied to compensation.
Rhea-AI Filing Summary
Life360, Inc. director Chris Hulls reported a routine mix of equity transactions tied to compensation. He exercised stock options to acquire 27,000 shares of common stock at $8.19 per share, then had 6,945 shares withheld to cover income tax obligations on vested restricted stock units.
He also completed an open‑market sale of 16,105 shares at a weighted average price of $45.51 under a pre‑established Rule 10b5‑1 trading plan. Following these transactions, Hulls directly holds 399,809 shares of common stock, with additional indirect holdings through three 2023 irrevocable trusts, each reported with 195,312 shares, plus previously granted restricted stock units and CDIs representing further common stock exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Hulls Chris
Role
Director
Sold
16,105 shs ($733K)
Approx. gross sale proceeds
$733K
Approx. exercise cost
$221K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 27,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 27,000 | $8.19 | $221K |
| Sale | Common Stock | 16,105 | $45.51 | $733K |
| Exercise Price or Tax Liability | Common Stock | 6,945 | $39.78 | $276K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 179,801 contracts (Direct);
Common Stock — 392,864 shares (Direct);
Common Stock — 195,312 shares (Indirect, Held by the Robin Hulls 2023 Irrevocable Trust);
Common Stock — 195,312 shares (Indirect, Held by the Rose Hulls 2023 Irrevocable Trust);
Common Stock — 195,312 shares (Indirect, Held by the Mckenzie Hulls 2023 Irrevocable Trust)
Footnotes (7)
- F1. The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 16, 2025. The Rule 10b5-1 trading plan is a written, pre-established trading plan that provides for the automatic sale of Company stock pursuant to predetermined criteria. The Reporting Person adopted the plan at a time when they were not aware of any material nonpublic information about the Company.
- F2. Includes common stock and the number of shares of common stock underlying Chess Depositary Interests ("CDIs") as converted on a 1:3 common stock to CDI ratio. The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.
- F3. Includes 149,318 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- F4. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $45.36 to $46.11, inclusive, per share. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, full details regarding the number of shares sold at each separate price within the range.
- F5. This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.
- F6. Represents shares of the Issuer's common stock underlying 585,938 CDIs.
- F7. The stock option is fully vested and exercisable.
Key Figures
Options exercised: 27,000 shares at $8.19
Shares sold: 16,105 shares at $45.51
Tax withholding shares: 6,945 shares
+4 more
7 metrics
Options exercised
27,000 shares at $8.19
Common stock options exercised on 2026-04-16
Shares sold
16,105 shares at $45.51
Open-market sale; weighted average price on 2026-04-16
Tax withholding shares
6,945 shares
Shares withheld to satisfy income tax obligations
Direct holdings after transactions
399,809 shares
Common stock directly owned following 2026-04-16 transactions
Trust holdings per trust
195,312 shares
Common stock held by each 2023 irrevocable trust
Underlying CDIs
585,938 CDIs
CDIs representing Life360 common stock at 1:3 ratio
Restricted stock units
149,318 RSUs
Previously granted RSUs, each for one Life360 share upon vesting
Key Terms
Rule 10b5-1 trading plan, restricted stock units, CHESS Depositary Interests ("CDIs"), weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"was effected pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Includes 149,318 restricted stock units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
CHESS Depositary Interests ("CDIs") financial
"underlying Chess Depositary Interests ("CDIs") as converted on a 1:3"
weighted average price financial
"The price reported in Column 4 is the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
FAQ
What insider transactions did Life360 (LIF) director Chris Hulls report?
Chris Hulls reported exercising options for 27,000 Life360 shares at $8.19, an open-market sale of 16,105 shares at a $45.51 weighted average price, and 6,945 shares withheld to satisfy tax obligations on vested restricted stock units.
What stock options did Chris Hulls exercise in Life360 (LIF)?
Chris Hulls exercised options covering 27,000 shares of Life360 common stock at an $8.19 exercise price. The related derivative entry notes these options were fully vested and exercisable, with an original expiration date in 2028 before being exercised in this transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
