Life360, Inc. (LIF) director Brit Morin exercises options, sells 15,582 shares under plan
Rhea-AI Filing Summary
Life360, Inc. director Brit Morin reported an option exercise-and-sale sequence on August 10, 2026. She exercised stock options for a total of 9,765 shares of common stock at exercise prices of $2.15 and $8.19 per share, then sold 15,582 shares of common stock at $65.00 per share. A footnote states these transactions were made under a Rule 10b5-1 trading plan adopted on March 13, 2026, and that the reporting person’s holdings include 4,636 restricted stock units representing contingent rights to receive common shares upon vesting.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Morin Brit
Role
Director
Sold
15,582 shs ($1.01M)
Approx. gross sale proceeds
$1.01M
Approx. exercise cost
$32K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F3 | 8,021 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) F1, F3 | 1,744 | $0.00 | $0.00 |
| Exercise | Common stock F1, F2 | 8,021 | $2.15 | $17K |
| Exercise | Common stock F1, F2 | 1,744 | $8.19 | $14K |
| Sale | Common stock F1, F2 | 15,582 | $65.00 | $1.01M |
Holdings After Transaction:
Stock Option (right to buy) — 74,276 shares (Direct);
Common stock — 14,340 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 13, 2026. 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 4,636 restricted stock units, 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: 15,582 shares
Sale price: $65.00 per share
Options exercised (total shares): 9,765 shares
+3 more
6 metrics
Shares sold
15,582 shares
Common stock sale on August 10, 2026 at $65.00 per share
Sale price
$65.00 per share
Price for 15,582 Life360 common shares sold
Options exercised (total shares)
9,765 shares
Stock options converted into common stock on August 10, 2026
Option exercise price 1
$2.15 per share
Exercise price for 8,021-share stock option, expiring January 24, 2028
Option exercise price 2
$8.19 per share
Exercise price for 1,744-share stock option, expiring May 20, 2028
Restricted stock units
4,636 units
Each unit represents a contingent right to one common share upon vesting
Key Terms
Rule 10b5-1 trading plan, Stock Option (right to buy, restricted stock units, Exercise or conversion of 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.
Stock Option (right to buy financial
"security_title: Stock Option (right to buy)"
restricted stock units financial
"Includes 4,636 restricted stock units, 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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Life360 (LIF) director Brit Morin report in this Form 4?
Brit Morin reported exercising stock options for 9,765 shares of Life360 common stock and selling 15,582 shares on August 10, 2026, combining option exercises with an open-market sale.
What options did Brit Morin exercise in Life360 (LIF) on August 10, 2026?
She exercised options covering 8,021 shares at $2.15 per share and 1,744 shares at $8.19 per share, converting them into the same number of Life360 common shares before the reported sale.
Was Brit Morin’s Life360 (LIF) stock sale under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were effected under a Rule 10b5-1 trading plan adopted on March 13, 2026, providing for automatic sales based on predetermined criteria.
Does the Form 4 mention restricted stock units for Life360 (LIF)?
Yes. A footnote states the reporting person’s holdings include 4,636 restricted stock units, each representing a contingent right to receive one Life360 common share upon vesting.