Life360 (LIF) director Charles Prober granted 4,455 RSUs in new equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360, Inc. director Charles J. Prober received a grant of 4,455 shares of common stock in the form of Restricted Stock Units (RSUs) on May 29, 2026 as equity compensation. The RSUs carry no purchase price and each represents the right to receive one share upon settlement.
According to the terms, one-quarter of the RSUs will vest quarterly starting from May 15, 2026, subject to his continued service through each vesting date. Following this award, Prober directly holds 109,911 shares of Life360 common stock, which includes 5,134 RSUs that each convert into one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Prober Charles J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 4,455 | $0.00 | -- |
Holdings After Transaction:
Common stock — 109,911 shares (Direct, null)
Footnotes (1)
- Represents the grant of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 1/4th of the RSUs will vest quarterly from May 15, 2026, subject to the Reporting Person's continuous service through each vest date. Includes 5,134 RSUs, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
Key Figures
RSUs granted: 4,455 shares
Total holdings after grant: 109,911 shares
Included RSUs position: 5,134 RSUs
+2 more
5 metrics
RSUs granted
4,455 shares
Restricted Stock Units granted May 29, 2026
Total holdings after grant
109,911 shares
Common stock held directly following transaction
Included RSUs position
5,134 RSUs
Each RSU converts to one share upon vesting
Grant price per share
$0.0000 per share
Equity compensation, not an open-market purchase
Vesting schedule start
May 15, 2026
1/4 of RSUs vest quarterly from this date
Key Terms
Restricted Stock Units ("RSUs"), contingent right, vesting, settlement
4 terms
Restricted Stock Units ("RSUs") financial
"Represents the grant of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock..."
vesting financial
"1/4th of the RSUs will vest quarterly from May 15, 2026, subject to the Reporting Person's continuous service..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
settlement financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement."
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What did Life360 (LIF) director Charles Prober report in this Form 4?
Charles J. Prober reported receiving a grant of 4,455 Restricted Stock Units (RSUs) of Life360 common stock. These RSUs are equity compensation, not an open-market purchase, and each RSU represents the right to receive one share upon settlement if vesting conditions are met.
What are the vesting terms of Charles Prober’s new Life360 (LIF) RSUs?
The 4,455 RSUs granted to Charles J. Prober vest over time, with one-quarter of the RSUs vesting quarterly from May 15, 2026. Vesting is conditioned on his continuous service with Life360 through each applicable vesting date.
Are Charles Prober’s Life360 (LIF) RSUs immediately convertible into common stock?
The RSUs are not immediately convertible; they settle into common stock only upon vesting. Each RSU represents a contingent right to receive one Life360 share once the specific vesting schedule and continuous service requirements have been satisfied.
What does the 5,134 RSUs figure mean for Life360 (LIF) director Charles Prober?
The 5,134 RSUs represent awards that each convert into one share of Life360 common stock upon vesting. This figure is included within his total 109,911-share holding and reflects unvested or contingent equity that may settle into additional shares over time.