Life360 (LIF) CFO reports RSU tax withholding, retains over 235k share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360, Inc. Chief Financial Officer Russell John Burke reported a routine tax-withholding share disposition related to vesting restricted stock units. On this date, 2,193 shares of common stock were withheld by the company at $39.78 per share to cover income tax obligations, rather than sold in the open market.
Following this withholding, Burke directly holds 122,061 shares of Life360 common stock and indirectly holds 113,361 shares through the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust as tenants in common. His position also includes 118,188 restricted stock units, each representing a contingent right to receive one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Burke Russell John
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 2,193 | $39.78 | $87K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 122,061 shares (Direct, null);
Common stock — 113,361 shares (Indirect, Held by the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC)
Footnotes (1)
- This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units. Includes 118,188 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
Key Figures
Tax-withheld shares: 2,193 shares
Withholding price: $39.78 per share
Direct holdings after transaction: 122,061 shares
+2 more
5 metrics
Tax-withheld shares
2,193 shares
Common stock withheld to satisfy income tax obligations on RSU vesting
Withholding price
$39.78 per share
Value per share for 2,193 common shares withheld for taxes
Direct holdings after transaction
122,061 shares
Life360 common stock directly held by CFO following tax withholding
Indirect trust holdings
113,361 shares
Common shares held indirectly via named revocable trusts as tenants in common
Outstanding RSUs
118,188 RSUs
Restricted stock units, each representing a contingent right to one share upon vesting
Key Terms
restricted stock units, tax withholding, net settlement, revocable trust, +1 more
5 terms
restricted stock units financial
"Includes 118,188 restricted stock units previously granted, each of which represents a contingent right to receive one share"
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.
tax withholding financial
"shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
net settlement financial
"in connection with the vesting and net settlement of previously reported restricted stock units"
revocable trust financial
"Held by the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
tenants in common financial
"Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC"
FAQ
What insider transaction did Life360 (LIF) CFO Russell John Burke report?
Life360 CFO Russell John Burke reported a tax-related share withholding, not an open-market sale. The company withheld 2,193 common shares to satisfy income tax obligations triggered by vesting restricted stock units, as disclosed in the Form 4 footnotes.
What restricted stock units are disclosed for Life360 (LIF) CFO in this Form 4?
The footnotes state the CFO has 118,188 restricted stock units previously granted. Each unit represents a contingent right to receive one share of Life360 common stock upon vesting, adding to his potential future equity ownership if vesting conditions are met.
How should investors interpret an F-code tax-withholding transaction for Life360 (LIF)?
An F-code transaction reflects shares withheld to cover taxes, not an elective market trade. Here, 2,193 shares were withheld at $39.78 after RSU vesting, while the CFO maintained substantial direct and indirect holdings plus a large restricted stock unit position.