Life360, Inc. (LIF) director exercises 21,310 options, sells shares to fund cost
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360, Inc. director David Wiadrowski reported an option exercise and related share sale. On March 13, 2026, he exercised stock options for 21,310 shares of common stock, including 13,850 shares at an exercise price of $13.35 and 7,460 shares at $8.19 per share.
The filing shows an open-market sale of 5,957 shares of common stock at a weighted average price of $41.34 per share, with footnotes stating these shares were sold solely to cover the option exercise cost. After these transactions, he directly owned 39,679 shares of common stock, which includes 738 restricted stock units that will convert into shares upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,957 shares ($246,262)
Net Sell
5 txns
Insider
Wiadrowski David
Role
Director
Sold
5,957 shs ($246K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 13,850 | $0.00 | -- |
| Exercise | Stock Option (right to buy) | 7,460 | $0.00 | -- |
| Exercise | Common Stock | 13,850 | $13.35 | $185K |
| Exercise | Common Stock | 7,460 | $8.19 | $61K |
| Sale | Common Stock | 5,957 | $41.34 | $246K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 38,176 shares (Direct)
Footnotes (1)
- The reporting person exercised the stock options on a cashless basis. Includes 738 restricted stock units, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting. Shares of the Issuer's common stock were sold in the open market solely to cover the option exercise cost. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $41.27 to $41.455, 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. The stock option is fully vested and exercisable.
FAQ
What did Life360 (LIF) director David Wiadrowski report in this Form 4?
He reported exercising stock options for 21,310 Life360 shares and selling 5,957 shares. The sale was disclosed as being solely to cover the option exercise cost, leaving him with 39,679 shares directly owned after the transactions, including restricted stock units.
How many Life360 (LIF) options did David Wiadrowski exercise and at what prices?
He exercised stock options covering 21,310 Life360 shares. This included 13,850 shares with a $13.35 exercise price and 7,460 shares with an $8.19 exercise price. Footnotes indicate the options were fully vested and the exercise was conducted on a cashless basis.
What are David Wiadrowski’s Life360 (LIF) holdings after these transactions?
After the option exercises and related sale, he directly owned 39,679 Life360 common shares. This total includes 738 restricted stock units, each representing a contingent right to receive one common share upon vesting, as described in the filing’s footnotes.
What does a cashless stock option exercise mean in this Life360 (LIF) filing?
A cashless exercise means the option holder does not pay the exercise cost in cash. Instead, some shares received from exercising options are sold to fund the exercise price, as disclosed here where shares were sold solely to cover the option exercise cost.