Life360 director exercises options, sells 7,930 shares
Life360, Inc. director Charles J. Prober exercised stock options to acquire 7,930 shares of common stock at $11.18 per share, then sold 7,930 shares at $53.05 per share in an open-market transaction executed under a pre-established Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Life360, Inc. director Charles J. Prober exercised stock options to acquire 7,930 shares of common stock at $11.18 per share, then sold 7,930 shares at $53.05 per share in an open-market transaction executed under a pre-established Rule 10b5-1 trading plan.
After these transactions, Prober holds 109,911 shares of common stock directly, plus 4,455 restricted stock units, and retains 31,720 fully vested, exercisable stock options that expire on April 12, 2028.
Positive
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Negative
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Insider Trade Summary 10b5-1
Exercise and Sale: 7,930 shares ($332K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Prober Charles J.
Role
Director
Sold
7,930 shs ($421K)
Approx. gross sale proceeds
$421K
Approx. exercise cost
$89K
Approx. pre-tax spread
$332K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F3 | 7,930 | $0.00 | $0.00 |
| Exercise | Common stock F1, F2 | 7,930 | $11.18 | $89K |
| Sale | Common stock F1, F2 | 7,930 | $53.05 | $421K |
Holdings After Transaction:
Stock Option (right to buy) — 31,720 contracts (Direct);
Common stock — 109,911 shares (Direct)
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 4,455 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 is fully vested and exercisable.
Key Figures
Shares sold: 7,930 shares
Sale price: $53.05 per share
Options exercised: 7,930 shares
+5 more
8 metrics
Shares sold
7,930 shares
Open-market sale of common stock on 2026-07-13
Sale price
$53.05 per share
Average price received for 7,930 common shares sold
Options exercised
7,930 shares
Stock options converted into common stock
Option exercise price
$11.18 per share
Conversion price of exercised stock options
Shares held after
109,911 shares
Direct common stock holdings following reported transactions
Options remaining
31,720 options
Fully vested, exercisable stock options outstanding after exercise
Restricted stock units
4,455 RSUs
Contingent rights to receive one common share per RSU upon vesting
Option expiration
2028-04-12
Expiration date of the stock option grant involved
Key Terms
Rule 10b5-1 trading plan, restricted stock units, stock option, derivative security
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction 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.
restricted stock units financial
"Includes 4,455 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.
stock option financial
"The stock option is fully vested and exercisable"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Life360 (LIF) director Charles J. Prober report?
Charles J. Prober exercised 7,930 stock options at $11.18 per share and sold 7,930 Life360 common shares at an average price of $53.05 per share, in an open-market transaction linked to a pre-arranged Rule 10b5-1 trading plan.
What options did Charles J. Prober exercise in Life360 (LIF)?
He exercised 7,930 stock options with a conversion price of $11.18 per share into an equal number of Life360 common shares. The exercised options were fully vested and exercisable and are part of a larger option grant expiring April 12, 2028.
What is the remaining option position for Charles J. Prober in Life360 (LIF)?
After exercising 7,930 options, Prober continues to hold 31,720 stock options on Life360 common stock. These options are fully vested, currently exercisable, and carry an expiration date of April 12, 2028, according to the disclosed data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
