Life360 director exercises options, sells 14,345 shares
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Form Type
4
Rhea-AI Filing Summary
Life360 director Chris Hulls exercised 27,000 stock options at an exercise price of $2.53 per share, receiving the same number of common shares, then sold 14,345 shares at a weighted average of $55.74 (range $55.46–$56.13) under a Rule 10b5-1 trading plan adopted on December 16, 2025. Following these transactions, he holds 1,242,386 shares directly (including CDIs and 134,496 RSUs), and three 2023 irrevocable family trusts each hold 195,312 shares indirectly.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Hulls Chris
Role
Director
Sold
14,345 shs ($800K)
Approx. gross sale proceeds
$800K
Approx. exercise cost
$68K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F6 | 27,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3 | 27,000 | $2.53 | $68K |
| Sale | Common Stock F1, F4, F2, F3 | 14,345 | $55.74 | $800K |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 1,242,386 contracts (Direct);
Common Stock — 419,554 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 (6)
- 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 134,496 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 $55.46 to $56.13, 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. Represents shares of the Issuer's common stock underlying 585,938 CDIs.
- F6. The stock option is fully vested and exercisable.
Key Figures
Options exercised: 27,000 shares
Option exercise price: $2.53 per share
Shares sold: 14,345 shares
+4 more
7 metrics
Options exercised
27,000 shares
Stock options exercised into common stock on 2026-07-16
Option exercise price
$2.53 per share
Conversion/exercise price of the stock option exercised
Shares sold
14,345 shares
Common stock sold on 2026-07-16 pursuant to a Rule 10b5-1 plan
Sale weighted average price
$55.74 per share
Weighted average sale price; individual trades ranged from $55.46 to $56.13
Direct holdings after transactions
1,242,386 shares
Common stock position held directly by Chris Hulls after reported transactions, including CDIs and RSUs
Indirect trust holdings per trust
195,312 shares
Common stock held indirectly by each of three 2023 irrevocable family trusts
Restricted stock units included
134,496 RSUs
Restricted stock units previously granted and included within reported direct holdings
Key Terms
Rule 10b5-1 trading plan, weighted average price, Chess Depositary Interests ("CDIs"), restricted stock units, +1 more
5 terms
Rule 10b5-1 trading plan financial
"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.
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.
Chess Depositary Interests ("CDIs") financial
"underlying Chess Depositary Interests ("CDIs") as converted on a 1:3"
restricted stock units financial
"Includes 134,496 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 Nominees Pty, Limited financial
"are held by CHESS Depositary Nominees Pty, Limited, a subsidiary"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Chris Hulls report in Life360 (LIF) on this Form 4?
Chris Hulls reported exercising 27,000 stock options at $2.53 per share and acquiring the same number of Life360 common shares, then selling 14,345 shares at a weighted average price of $55.74 per share on 2026-07-16.
Were Chris Hulls' Life360 (LIF) stock sales made under a Rule 10b5-1 plan?
Yes. The reported sale of 14,345 Life360 shares was effected under a Rule 10b5-1 trading plan adopted on December 16, 2025, which provides for automatic trades based on predetermined criteria when he was not aware of material nonpublic information.
What are CDIs in relation to Life360 (LIF) and Chris Hulls' holdings?
Some of Chris Hulls' reported holdings include shares underlying Chess Depositary Interests ("CDIs"), which trade on the Australian Securities Exchange. The filing states a 1:3 common stock to CDI ratio, so his disclosed positions combine U.S.-listed shares and ASX-traded CDI equivalents.
Is the option that Chris Hulls exercised for Life360 (LIF) fully vested?
Yes. A footnote specifies that the stock option is fully vested and exercisable. On 2026-07-16, he exercised 27,000 of these options at an exercise price of $2.53 per share to receive an equal number of Life360 common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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