Life360 (LIF) director Prober sells 7,930 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360, Inc. director Charles J. Prober exercised stock options for 7,930 shares of common stock at an exercise price of $11.18 per share on February 13, 2026, then sold 7,930 shares in open-market transactions at an average price of $49.02 per share under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025. Following these transactions, he directly holds 105,456 shares of common stock, including 1,357 restricted stock units that each convert into one share upon vesting, and retains 71,370 stock options subject to the vesting schedule described.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,930 shares ($388,729)
Net Sell
3 txns
Insider
Prober Charles J.
Role
Director
Sold
7,930 shs ($389K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 7,930 | $0.00 | -- |
| Exercise | Common stock | 7,930 | $11.18 | $89K |
| Sale | Common stock | 7,930 | $49.02 | $389K |
Holdings After Transaction:
Stock Option (right to buy) — 71,370 shares (Direct);
Common stock — 113,386 shares (Direct)
Footnotes (1)
- 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. Includes 1,357 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting. The stock option vests and becomes exercisable as to 1/2 of the total number of shares on April 1, 2024 and thereafter vests and becomes exercisable as to 1/24th of the remaining shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.
FAQ
What did Life360 (LIF) director Charles Prober do in this Form 4?
Charles J. Prober exercised stock options for 7,930 Life360 shares, then sold 7,930 shares in open-market trades. These actions were executed on February 13, 2026 under a pre-established Rule 10b5-1 trading plan with predetermined criteria for automatic stock sales.
What stock options did Charles Prober exercise in Life360 (LIF)?
He exercised stock options covering 7,930 shares of Life360 common stock at an exercise price of $11.18 per share. These options are part of a grant that vests half on April 1, 2024, with the remaining portion vesting in equal monthly installments over 24 months.
Was the Life360 (LIF) stock sale by Charles Prober under a Rule 10b5-1 plan?
Yes. The transaction was executed under a Rule 10b5-1 trading plan adopted on March 14, 2025. This written, pre-established plan provides for automatic stock sales using predetermined criteria, and was put in place when he was not aware of material nonpublic information.
What is the vesting schedule of Charles Prober’s Life360 (LIF) stock options?
The option vests 50% of the total shares on April 1, 2024. The remaining shares vest in 1/24th monthly installments until fully vested, subject to Charles Prober’s continued service with Life360 on each applicable vesting date described in the award terms.