Life360 (LIF) director sells at $47 after low-cost option exercise
Rhea-AI Filing Summary
Life360, Inc. (LIF) director Chris Hulls reported a series of option exercises and share sales on 2026-08-18. He exercised stock options for a total of 212,502 shares of common stock at exercise prices of $2.53, $7.28 and $8.19 per share, from fully vested options. On the same date he sold 250,000 shares of common stock in open-market transactions at weighted average prices of $46.78 and $47.58 per share, with individual sale prices ranging from $46.36–$48.30 per share. Following these transactions, indirect holdings of 195,312 shares of common stock are reported for each of three 2023 irrevocable trusts, which represent shares underlying Chess Depositary Interests.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Hulls Chris
Role
Director
Sold
250,000 shs ($11.71M)
Approx. gross sale proceeds
$11.71M
Approx. exercise cost
$1.42M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F6 | 47,993 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) F6 | 50,000 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) F6 | 114,509 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 50,000 | $7.28 | $364K |
| Exercise | Common Stock F1, F2 | 47,993 | $2.53 | $121K |
| Exercise | Common Stock F1, F2 | 114,509 | $8.19 | $938K |
| Sale | Common Stock F3, F1, F2 | 231,434 | $46.78 | $10.83M |
| Sale | Common Stock F4, F1, F2 | 18,566 | $47.58 | $883K |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 1,358,685 shares (Direct);
Common Stock — 382,056 shares (Direct);
Common Stock — 195,312 shares (Indirect, Held by the Robin Hulls 2023 Irrevocable Trust);
Common Stock — 195,312 shares (Indirect, Held by the Rose Hulls 2023 Irrevocable Trust);
Common Stock — 195,312 shares (Indirect, Held by the Mckenzie Hulls 2023 Irrevocable Trust)
Footnotes (6)
- F1. 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.
- F2. Includes 134,496 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 price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $46.36 to $47.35, 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.
- F4. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $47.36 to $48.30, 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.
- F5. Represents shares of the Issuer's common stock underlying 585,938 CDIs.
- F6. The stock option is fully vested and exercisable.
Key Figures
Options exercised: 212,502 shares
Shares sold: 250,000 shares
Exercise prices: $2.53; $7.28; $8.19 per share
+4 more
7 metrics
Options exercised
212,502 shares
Total underlying common stock from three option exercises on 2026-08-18
Shares sold
250,000 shares
Total Life360 common shares sold on 2026-08-18 (two S-code transactions)
Exercise prices
$2.53; $7.28; $8.19 per share
Strike prices of stock options exercised for 47,993; 50,000; and 114,509 shares
Weighted average sale prices
$46.78; $47.58 per share
Weighted average prices for the two sale blocks of 231,434 and 18,566 shares
Sale price ranges
$46.36–$47.35; $47.36–$48.30 per share
Price ranges for the multiple transactions within each reported weighted average sale
Indirect trust holdings
195,312 shares each
Common stock held indirectly by each of three 2023 irrevocable trusts after transactions
CDIs underlying shares
585,938 CDIs
Footnote states reported common shares represent stock underlying these Chess Depositary Interests
Key Terms
weighted average price, Chess Depositary Interests ("CDIs"), restricted stock units, irrevocable trust, +1 more
5 terms
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 Interests ("CDIs") financial
"Represents shares of the Issuer's common stock underlying 585,938 CDIs."
restricted stock units financial
"Includes 134,496 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.
irrevocable trust financial
"Held by the Robin Hulls 2023 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
stock option (right to buy) financial
"security_title": "Stock Option (right to buy)""
FAQ
What insider transactions did Chris Hulls report for Life360, Inc. (LIF) on 2026-08-18?
On 2026-08-18, Chris Hulls exercised stock options for 212,502 shares of Life360 common stock and sold 250,000 shares in open-market transactions. These trades combined option exercises at low strike prices with subsequent share sales at much higher market prices.
What stock options did Chris Hulls exercise in this Life360 (LIF) Form 4 filing?
He exercised fully vested stock options covering 212,502 shares of Life360 common stock. The options had exercise prices of $2.53, $7.28 and $8.19 per share and expiration dates between 2028 and 2030, converting option rights into common shares.
Were Chris Hulls’s Life360 (LIF) trades under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmative. There is no footnote stating that the reported option exercises or share sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
