[Form 4] Life360, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Chris Hulls, a director of Life360, Inc. (LIF), reports a non‑market transaction on 09/04/2025 in which 7,152 shares of common stock were withheld by the issuer at a per‑share price of $86.65 to satisfy income tax withholding related to the vesting and net settlement of previously reported restricted stock units. After this withholding, the Reporting Person beneficially owns 476,678 shares (this total includes common stock and shares underlying CDIs converted on a 1:3 common stock to CDI ratio). The filing notes 137,853 restricted stock units previously granted and identifies holdings reported indirectly: 195,312 shares held by each of three named irrevocable trusts and 1,846 shares representing the Reporting Person’s proportionate interest in ICCA Labs, LLC. The Form 4 was signed by an attorney‑in‑fact on 09/08/2025.
Positive
- Transaction was administrative (tax withholding) rather than an open‑market sale, indicating no immediate insider sell signal
- Full beneficial ownership disclosed, including indirect holdings and CDIs, improving transparency
Negative
- 7,152 shares were withheld, reducing the Reporting Person's direct share count by that amount
- Some CDIs remain subject to a lock‑up agreement, which may limit liquidity of those holdings
Insights
TL;DR: Director withheld 7,152 shares for tax on RSU vesting; total beneficial ownership remains materially disclosed at 476,678 shares.
The reported transaction is a non‑market, administrative remittance of shares to satisfy tax obligations tied to RSU vesting rather than an open‑market sale, so it does not signal a liquidity event or change in voting intention. The filing clarifies the composition of beneficial ownership, including CDIs converted at a 1:3 ratio and sizable holdings through irrevocable trusts and an LLC interest. For investors, this preserves transparency about insider ownership but carries no direct cash flow or market impact beyond the routine reduction in outstanding shares held by the insider.
TL;DR: Routine tax withholding on vested RSUs; reporting is consistent with Section 16 requirements and shows indirect trust holdings.
The Form 4 properly discloses a Code F transaction (withholding to satisfy tax withholding on vested equity). It also identifies indirect holdings via multiple irrevocable trusts and an LLC, which is important for understanding control and potential lock‑up status (the filing notes certain CDIs remain subject to a lock‑up). Signature by an attorney‑in‑fact and single filer status are standard administrative details. Overall, the filing reflects standard insider compensation mechanics rather than governance concerns or executive departures.