Life360 (LIF) director sells 7,930 shares under 10b5-1 plan
Rhea-AI Filing Summary
Life360, Inc. director Charles J. Prober exercised a fully vested stock option for 7,930 shares of common stock at an exercise price of $11.18 per share, leaving 23,790 option shares outstanding. He then sold 7,930 common shares at $48.59 per share on the same date. The transactions were executed under a Rule 10b5-1 trading plan adopted on March 14, 2025. Reported equity holdings include 4,474 restricted stock units, each representing one future share upon vesting.
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Insider Trade Summary 10b5-1
Exercise and Sale: 7,930 shares ($297K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Prober Charles J.
Role
Director
Sold
7,930 shs ($385K)
Approx. gross sale proceeds
$385K
Approx. exercise cost
$89K
Approx. pre-tax spread
$297K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F3 | 7,930 | $0.00 | $0.00 |
| Exercise | Common stock F1, F2 | 7,930 | $11.18 | $89K |
| Sale | Common stock F1, F2 | 7,930 | $48.59 | $385K |
Holdings After Transaction:
Stock Option (right to buy) — 23,790 shares (Direct);
Common stock — 109,930 shares (Direct)
Footnotes (3)
- F1. The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 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 4,474 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- F3. The stock option is fully vested and exercisable.
Key Figures
Options Exercised: 7,930 shares
Exercise Price: $11.18 per share
Shares Sold: 7,930 shares
+4 more
7 metrics
Options Exercised
7,930 shares
Stock option exercise into common stock on 2026-08-13
Exercise Price
$11.18 per share
Exercise price of stock option for 7,930 shares
Shares Sold
7,930 shares
Common stock sold on 2026-08-13
Sale Price
$48.59 per share
Per-share price for 7,930 common shares sold
Remaining Option Shares
23,790 shares
Total option shares remaining after the reported exercise
Restricted Stock Units
4,474 units
RSUs, each representing a right to one common share upon vesting
10b5-1 Plan Adoption Date
March 14, 2025
Adoption date of Rule 10b5-1 trading plan governing these trades
Key Terms
Rule 10b5-1 trading plan, restricted stock units, stock option, exercise price
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction was effected pursuant to a Rule 10b5-1 trading plan"
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 4,474 restricted stock units previously granted, each of which"
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.
stock option financial
"The stock option is fully vested and exercisable"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"Stock option for 7,930 shares at an exercise price of $11.18"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Life360 (LIF) director Charles J. Prober report in this Form 4?
Charles J. Prober reported exercising 7,930 stock options at $11.18 and selling 7,930 common shares at $48.59. The filing also notes remaining option holdings and 4,474 restricted stock units that may convert into shares upon vesting.
What stock options did Charles J. Prober exercise in Life360 (LIF)?
He exercised a fully vested stock option for 7,930 shares of Life360 common stock at an $11.18 per share exercise price. After this transaction, 23,790 option shares tied to this award remain outstanding according to the filing data.
Was the Life360 (LIF) insider transaction done under a Rule 10b5-1 plan?
Yes. The transactions were made under a Rule 10b5-1 trading plan adopted on March 14, 2025. The plan is a written, pre-established arrangement providing for automatic stock sales based on predetermined criteria when the insider lacked material nonpublic information.
What additional equity awards does Charles J. Prober hold in Life360 (LIF)?
His reported equity includes 4,474 restricted stock units (RSUs), each representing a contingent right to receive one share of Life360 common stock upon vesting. These RSUs are separate from the exercised options and subsequent share sale reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
