Life360 director sells shares, exercises options
Life360, Inc. director Charles J. Prober exercised stock options and sold shares in a coordinated transaction.
Rhea-AI Filing Summary
Life360, Inc. director Charles J. Prober exercised stock options and sold shares in a coordinated transaction. He exercised options for 7,930 shares of common stock at $11.18 per share and sold 7,930 shares at $40.44 per share in an open-market trade.
After these transactions, he directly holds 105,456 shares of common stock, which include 679 restricted stock units, and 47,580 stock options that remain outstanding and fully vested. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 7,930 shares ($232K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Prober Charles J.
Role
Director
Sold
7,930 shs ($321K)
Approx. gross sale proceeds
$321K
Approx. exercise cost
$89K
Approx. pre-tax spread
$232K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 7,930 | $0.00 | $0.00 |
| Exercise | Common stock | 7,930 | $11.18 | $89K |
| Sale | Common stock | 7,930 | $40.44 | $321K |
Holdings After Transaction:
Stock Option (right to buy) — 47,580 contracts (Direct);
Common stock — 105,456 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 679 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: $40.44 per share
Options exercised: 7,930 shares
+5 more
8 metrics
Shares sold
7,930 shares
Open-market sale of common stock on May 13, 2026
Sale price
$40.44 per share
Price for 7,930 Life360 common shares sold
Options exercised
7,930 shares
Stock options converted into common stock
Exercise price
$11.18 per share
Strike price for exercised stock options
Shares held after
105,456 shares
Total direct common stock holdings after transactions
RSUs included
679 units
Restricted stock units within total share holdings
Options remaining
47,580 options
Fully vested stock options outstanding after exercise
Option expiration
April 12, 2028
Expiration date of remaining stock options
Key Terms
Rule 10b5-1 trading plan, restricted stock units, stock option, material nonpublic information
4 terms
Rule 10b5-1 trading plan regulatory
"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."
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 679 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting."
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.
material nonpublic information regulatory
"The Reporting Person adopted the plan at a time 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Life360 (LIF) director Charles Prober report?
Director Charles J. Prober reported exercising options for 7,930 Life360 shares at $11.18 and selling 7,930 shares at $40.44. These coordinated transactions were disclosed as part of a routine Form 4 insider filing.
Was the Life360 (LIF) insider sale by Charles Prober pre-planned?
Yes. The filing states the transaction was executed under a Rule 10b5-1 trading plan adopted March 14, 2025. Such pre-planned programs automatically trade shares based on preset criteria, reducing the significance of trade timing.
What prices were involved in Charles Prober’s Life360 (LIF) option exercise and sale?
Charles Prober exercised stock options at an exercise price of $11.18 per share and sold 7,930 Life360 shares at $40.44 per share. This reflects an exercise-and-sell pattern where acquired shares are immediately sold in the market.
What derivative holdings does Charles Prober have in Life360 (LIF) after this filing?
Following the reported transactions, Charles Prober holds 47,580 Life360 stock options that are fully vested and exercisable. These options are disclosed with an expiration date of April 12, 2028, providing a multi-year exercise window.
AI-generated analysis. How Rhea-AI works. Not financial advice.
