Life360 director sells 4,655 shares in planned trade
Life360, Inc. director Morin Brit sold 4,655 shares of common stock in an open-market sale at $55.00 per share on June 29, 2026.
Rhea-AI Filing Summary
Life360, Inc. director Morin Brit sold 4,655 shares of common stock in an open-market sale at $55.00 per share on June 29, 2026. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 13, 2026, which automatically executes trades based on preset criteria.
After this sale, Brit directly holds 25,975 shares of Life360 common stock. This total includes 4,636 restricted stock units (RSUs), each representing a contingent right to receive one share of common stock when the RSUs vest, reflecting ongoing stock-based compensation.
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Insider Trade Summary 10b5-1
Net Seller: 4,655 shares
Net Sell
1 txn
Insider
Morin Brit
Role
Director
Sold
4,655 shs ($256K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock | 4,655 | $55.00 | $256K |
Holdings After Transaction:
Common stock — 25,975 shares (Direct)
Footnotes (2)
- 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 13, 2026. 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 4,636 RSUs, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
Key Figures
Shares sold: 4,655 shares
Sale price per share: $55.00 per share
Shares held after transaction: 25,975 shares
+3 more
6 metrics
Shares sold
4,655 shares
Open-market sale by director Morin Brit on June 29, 2026
Sale price per share
$55.00 per share
Execution price for the June 29, 2026 transaction
Shares held after transaction
25,975 shares
Direct holdings following the June 29, 2026 sale
Restricted stock units
4,636 RSUs
Each RSU represents a right to one common share upon vesting
Trading plan adoption date
March 13, 2026
Adoption date of Rule 10b5-1 trading plan used for the sale
Transaction type
Open-market sale
Non-derivative transaction in Life360 common stock
Key Terms
Rule 10b5-1 trading plan, RSUs, open-market sale, material nonpublic information
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person."
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.
RSUs financial
"Includes 4,636 RSUs, each of which represents a contingent right to receive one share."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
open-market sale financial
"Transaction code S reflects an open-market sale of common stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
material nonpublic information regulatory
"The Reporting Person adopted the plan when they were not aware of any material nonpublic information about the Company."
Nonpublic information is specific, important news about a company or its securities that has not been shared with the general public and that a reasonable investor would consider likely to affect the company’s stock price. It matters to investors because using or sharing that information to buy or sell securities can give an unfair advantage and is often illegal; think of it like having the exam answers before a test, which undermines a fair playing field for everyone.
FAQ
What insider transaction did Life360 (LIF) director Morin Brit complete?
Morin Brit sold 4,655 shares of Life360 common stock at $55.00 per share in an open-market transaction. After the sale, Brit directly holds 25,975 shares, including 4,636 restricted stock units that may convert into common shares upon vesting.
Was the Life360 (LIF) insider sale by Morin Brit pre-planned?
Yes. The sale was executed under a Rule 10b5-1 trading plan adopted on March 13, 2026. Such plans predefine trading criteria and are set up when the insider is not aware of material nonpublic information about the company.
What are the RSUs reported in the Life360 (LIF) insider data?
The report notes 4,636 restricted stock units (RSUs) held by Morin Brit. Each RSU is a conditional award that entitles the holder to receive one Life360 common share upon vesting, serving as a form of equity-based compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
