Life360 (LIF) director Chris Hulls sells 16,379 shares, exercises 27,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360 director Chris Hulls reported option exercises and share sales under a pre‑planned trading arrangement. On May 28, 2026, he exercised stock options for 27,000 shares of common stock at $8.19 per share and sold 16,379 shares in open‑market transactions at a weighted average price of $40.34 per share. The sale was executed pursuant to a Rule 10b5‑1 trading plan adopted in December 2025, meaning the trades followed predetermined criteria rather than discretionary timing.
After these transactions, the filing reports 419,864 shares of common stock held directly and 152,801 stock options remaining outstanding. It also shows 195,312 shares of common stock held indirectly in each of the McKenzie Hulls 2023 Irrevocable Trust, the Rose Hulls 2023 Irrevocable Trust, and the Robin Hulls 2023 Irrevocable Trust, along with 149,318 restricted stock units representing additional contingent rights to shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 16,379 shares ($660,729)
Net Sell
6 txns
Insider
Hulls Chris
Role
null
Sold
16,379 shs ($661K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 27,000 | $0.00 | -- |
| Exercise | Common Stock | 27,000 | $8.19 | $221K |
| Sale | Common Stock | 16,379 | $40.34 | $661K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 152,801 shares (Direct, null);
Common Stock — 419,864 shares (Direct, null);
Common Stock — 195,312 shares (Indirect, Held by the Robin Hulls 2023 Irrevocable Trust)
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 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. 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. Includes 149,318 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 price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $40.17 to $40.87, 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. Represents shares of the Issuer's common stock underlying 585,938 CDIs. The stock option is fully vested and exercisable.
Key Figures
Shares sold: 16,379 shares
Sale price (weighted average): $40.34 per share
Options exercised: 27,000 shares
+5 more
8 metrics
Shares sold
16,379 shares
Open-market sale on May 28, 2026
Sale price (weighted average)
$40.34 per share
Shares sold between $40.17 and $40.87
Options exercised
27,000 shares
Stock options exercised on May 28, 2026
Option exercise price
$8.19 per share
Conversion price for exercised stock options
Direct common stock holdings
419,864 shares
Shares held directly after reported transactions
Indirect trust holdings
195,312 shares each
Held by three 2023 irrevocable trusts
Remaining stock options
152,801 options
Stock options outstanding after the exercise
Restricted stock units
149,318 RSUs
Each RSU represents one share upon vesting
Key Terms
Rule 10b5-1 trading plan, Chess Depositary Interests ("CDIs"), restricted stock units, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
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.
Chess Depositary Interests ("CDIs") financial
"Includes common stock and the number of shares of common stock underlying Chess Depositary Interests ("CDIs")"
restricted stock units financial
"Includes 149,318 restricted stock units previously granted, each of which represents a contingent right"
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.
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 Nominees Pty, Limited financial
"CDIs are traded on the Australian Securities Exchange and are held by CHESS Depositary Nominees Pty, Limited"
FAQ
What insider transactions did Life360 (LIF) report for Chris Hulls?
Life360 reported that Chris Hulls exercised stock options for 27,000 shares at $8.19 and sold 16,379 shares at a weighted average price of $40.34. These trades occurred on May 28, 2026 and were disclosed in a Form 4 filing.
Was the Life360 (LIF) insider sale by Chris Hulls part of a 10b5-1 plan?
Yes. The filing states the sale was executed under a Rule 10b5‑1 trading plan adopted in December 2025. Such plans predefine trade timing and size, indicating the transaction followed automatic criteria rather than opportunistic market timing.
What stock options did Chris Hulls exercise in Life360 (LIF)?
Chris Hulls exercised stock options covering 27,000 shares of Life360 common stock at a conversion price of $8.19 per share. The options were fully vested and exercisable, and 152,801 stock options remain outstanding after this exercise, according to the filing.
How are Life360 (LIF) CDIs and restricted stock units reflected in Chris Hulls’ holdings?
The filing explains that reported common stock figures include shares underlying Chess Depositary Interests (CDIs) on a 1:3 common stock to CDI ratio. It also notes 149,318 restricted stock units, each representing a contingent right to receive one share of Life360 common stock upon vesting.