Life360 director exercises options and sells 7,930 shares
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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.
Insider Trade Summary
| 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 | $49.02 | $389K |
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 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.
- F3. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Life360 (LIF) director Charles Prober do in this Form 4?
What stock options did Charles Prober exercise in Life360 (LIF)?
Was the Life360 (LIF) stock sale by Charles Prober under a Rule 10b5-1 plan?
What is the vesting schedule of Charles Prober’s Life360 (LIF) stock options?
AI-generated analysis. How Rhea-AI works. Not financial advice.