Life360 CFO has 5,314 shares withheld for tax
Life360’s CFO settled RSU tax obligations via share withholding and now holds substantial direct and trust-based equity positions.
Rhea-AI Filing Summary
Life360, Inc. (LIF) reported that Chief Financial Officer Russell John Burke had 5,314 shares of common stock withheld on September 8, 2026 to cover income tax obligations related to vesting restricted stock units, at a reference value of $44.17 per share. This was not an open-market sale; the shares were retained by the issuer for tax remittance. After this withholding, Burke held 100,977 shares directly, including 95,904 restricted stock units (RSUs) that may convert into common stock as they vest. He also held additional indirect positions through several trusts, including shares held by the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust as tenants in common and three separate trusts for which Jeanette Calandra serves as trustee, reflecting estate and wealth-planning arrangements rather than market transactions.
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Insights
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Insider Trade Summary
Tax Withholding: 5,314 shares
Tax Withholding
5 txns
Insider
Burke Russell John
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock F1, F2 | 5,314 | $44.17 | $235K |
| holding | Common stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 100,977 shares (Direct);
Common stock — 78,044 shares (Indirect, Held by the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC);
Common Stock — 15,000 shares (Indirect, JEANETTE CALANDRA TTEE THE DIANELLA TRUST);
Common Stock — 15,000 shares (Indirect, JEANETTE CALANDRA TTEE THE WARATAH TRUST);
Common Stock — 15,000 shares (Indirect, JEANETTE CALANDRA TTEE THE JACARANDA TRUST)
Footnotes (3)
- F1. This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units ("RSUs").
- F2. Includes 95,904 RSUs previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- F3. The Reporting Person transferred 9,683 directly held shares to the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC, which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
Key Figures
Shares withheld for tax: 5,314 shares
Reference price per share: $44.17 per share
Direct holdings after transaction: 100,977 shares
+4 more
7 metrics
Shares withheld for tax
5,314 shares
Common stock withheld on September 8, 2026 to satisfy income tax obligations on vesting RSUs
Reference price per share
$44.17 per share
Value applied to the 5,314 shares withheld for tax on September 8, 2026
Direct holdings after transaction
100,977 shares
Total Life360 common shares held directly by the CFO after September 8, 2026 transaction
Included RSUs
95,904 RSUs
Restricted stock units included within the 100,977 directly held shares, each RSU representing one potential share
Indirect TIC trust holdings
78,044 shares
Shares held by the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust as tenants in common
Each separate Calandra trust holding
15,000 shares
Shares of Life360 common stock held in each of three trusts for which Jeanette Calandra is trustee
Transferred to revocable trusts
9,683 shares
Directly held shares transferred to the revocable trusts, described as exempt from Section 16 under Rule 16a-13
Key Terms
restricted stock units, Rule 16a-13, tenants in common, income tax withholding
4 terms
restricted stock units financial
"vesting and net settlement of previously reported restricted stock units ("RSUs")"
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.
Rule 16a-13 regulatory
"transfer was exempt from Section 16 pursuant to Rule 16a-13 under the"
tenants in common financial
"Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC"
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance"
FAQ
What indirect Life360 (LIF) holdings does the CFO report through trusts?
Russell John Burke reports indirect ownership of 78,044 shares held by the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust as tenants in common, plus 15,000 shares in each of three separate trusts for which Jeanette Calandra is trustee, all invested in Life360 common stock.
Was the Life360 (LIF) CFO’s September 8, 2026 transaction an open-market sale?
No. A footnote states the September 8, 2026 transaction is not a sale by the CFO but represents shares withheld by Life360 to satisfy income tax withholding and remittance obligations from the vesting and net settlement of previously reported RSUs.
Did the Life360 (LIF) Form 4 for the CFO involve a Rule 10b5-1 trading plan?
No. The filing does not indicate that the reported transaction was made under a Rule 10b5-1 trading plan. The document-level box for such a plan is unchecked, and the footnotes do not describe any trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
