Life360 director sells 7,930 shares at $42.12
A Life360 director exercised options and sold 7,930 shares under a pre-set Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Life360, Inc. (LIF) director Charles J. Prober exercised stock options for 7,930 shares of common stock on September 14, 2026 at an exercise price of $11.18 per share, then sold 7,930 shares at $42.12 per share the same day. The options were fully vested and exercisable and the transactions were carried out under a Rule 10b5-1 trading plan adopted on March 14, 2025. Reported holdings include 3,361 restricted stock units representing contingent rights to receive common shares upon vesting.
Positive
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Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 7,930 shares ($245K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Prober Charles J.
Role
Director
Sold
7,930 shs ($334K)
Approx. gross sale proceeds
$334K
Approx. exercise cost
$89K
Approx. pre-tax spread
$245K
| 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 | $42.12 | $334K |
Holdings After Transaction:
Stock Option (right to buy) — 15,860 contracts (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 3,361 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
Shares sold: 7,930 shares
Sale price per share: $42.12 per share
Options exercised: 7,930 shares
+5 more
8 metrics
Shares sold
7,930 shares
Common stock sale on September 14, 2026
Sale price per share
$42.12 per share
Common stock sale on September 14, 2026
Options exercised
7,930 shares
Stock option exercise on September 14, 2026
Option exercise price
$11.18 per share
Stock option (right to buy) for Life360 common stock
Options shares following transaction
15,860 shares
Total stock options reported as held after the option transaction
Restricted stock units
3,361 RSUs
RSUs included in reported holdings, each for one share upon vesting
Option expiration date
April 12, 2028
Expiration date of the exercised stock option
10b5-1 plan adoption date
March 14, 2025
Date the Rule 10b5-1 trading plan was adopted
Key Terms
Rule 10b5-1 trading plan, restricted stock units, stock option, exercise or conversion of derivative security
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction reported ... 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 3,361 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.
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 or conversion of derivative security financial
"Transaction code description: Exercise or conversion of derivative security"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Life360 (LIF) director Charles J. Prober report on this Form 4?
He exercised stock options for 7,930 shares of Life360 common stock at $11.18 per share and sold 7,930 shares at $42.12 per share on September 14, 2026, in transactions reported as direct ownership.
Was the Life360 (LIF) insider transaction made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025, providing for automatic sales of company stock based on predetermined criteria.
What options did the Life360 (LIF) director exercise in this Form 4?
He exercised a stock option for 7,930 shares of Life360 common stock at an exercise price of $11.18 per share. The filing notes that this stock option is fully vested and exercisable and has an expiration date of April 12, 2028.
Does the Life360 (LIF) Form 4 mention any restricted stock units (RSUs)?
Yes. A footnote explains that the director’s reported holdings include 3,361 restricted stock units, each representing a contingent right to receive one share of Life360 common stock upon vesting.
Is this Life360 (LIF) Form 4 primarily a buy or a sell transaction?
The filing shows an option exercise for 7,930 shares followed by a sale of 7,930 shares, resulting in a net disposition of 7,930 shares when considering the sale leg.
AI-generated analysis. How Rhea-AI works. Not financial advice.