Life360, Inc. (LIF) director exercises options and sells 27,000 shares
Rhea-AI Filing Summary
Life360, Inc. director Chris Hulls exercised stock options for 27,000 shares of common stock at $2.53 per share on August 4, 2026, then sold 27,000 shares in two transactions at weighted-average prices of $63.08 and $63.77 under a Rule 10b5-1 trading plan adopted on December 16, 2025. After the exercise, he held 1,215,386 stock options and reported indirect ownership of 195,312 shares of common stock in each of three 2023 irrevocable trusts representing shares underlying Chess Depositary Interests.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 27,000 shares ($1.64M approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Hulls Chris
Role
Director
Sold
27,000 shs ($1.71M)
Approx. gross sale proceeds
$1.71M
Approx. exercise cost
$68K
Approx. pre-tax spread
$1.64M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F7 | 27,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3 | 27,000 | $2.53 | $68K |
| Sale | Common Stock F1, F4, F2, F3 | 17,020 | $63.08 | $1.07M |
| Sale | Common Stock F1, F5, F2, F3 | 9,980 | $63.77 | $636K |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 1,215,386 shares (Direct);
Common Stock — 419,554 shares (Direct);
Common Stock — 195,312 shares (Indirect, Held by the Robin Hulls 2023 Irrevocable Trust);
Common Stock — 195,312 shares (Indirect, Held by the Rose Hulls 2023 Irrevocable Trust);
Common Stock — 195,312 shares (Indirect, Held by the Mckenzie Hulls 2023 Irrevocable Trust)
Footnotes (7)
- F1. The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 16, 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 common stock and the number of shares of common stock underlying Chess Depositary Interests ("CDIs") as converted on a 1:3 common stock to CDI ratio. The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX.
- F3. Includes 134,496 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- F4. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $62.50 to $63.49, 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.
- F5. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $63.50 to $64.03, 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.
- F6. Represents shares of the Issuer's common stock underlying 585,938 CDIs.
- F7. The stock option is fully vested and exercisable.
Key Figures
Options Exercised: 27,000 shares
Exercise Price: $2.53 per share
Shares Sold (tranche 1): 17,020 shares
+4 more
7 metrics
Options Exercised
27,000 shares
Stock options exercised on 2026-08-04 at $2.53 per share
Exercise Price
$2.53 per share
Conversion of stock options into common stock
Shares Sold (tranche 1)
17,020 shares
Sold at weighted-average $63.08 on 2026-08-04
Shares Sold (tranche 2)
9,980 shares
Sold at weighted-average $63.77 on 2026-08-04
Options Remaining
1,215,386 options
Stock options remaining after the 27,000-share exercise
Indirect Trust Holdings
195,312 shares
Per trust in each 2023 irrevocable trust after transactions
CDIs Represented
585,938 CDIs
CDIs underlying reported common stock per footnote
Key Terms
Rule 10b5-1 trading plan, weighted average price, Chess Depositary Interests ("CDIs"), restricted stock units, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"was effected pursuant to a Rule 10b5-1 trading plan adopted"
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.
weighted average price financial
"The price reported in Column 4 is the weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Chess Depositary Interests ("CDIs") financial
"underlying Chess Depositary Interests ("CDIs") as converted on a 1:3"
restricted stock units financial
"Includes 134,496 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.
CHESS Depositary Nominees Pty, Limited financial
"are held by CHESS Depositary Nominees Pty, Limited, a subsidiary"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Life360 (LIF) director Chris Hulls do in this Form 4 filing?
Chris Hulls exercised 27,000 stock options at $2.53 per share and then sold 27,000 shares of Life360 common stock in two transactions at weighted-average prices of $63.08 and $63.77 on August 4, 2026, under a Rule 10b5-1 trading plan.
How many Life360 (LIF) stock options does Chris Hulls hold after these transactions?
Following the option exercise, Hulls held 1,215,386 stock options in Life360. On August 4, 2026, he exercised 27,000 options at $2.53 per share, converting them into common stock before selling the resulting shares pursuant to his Rule 10b5-1 trading plan.