Life360 (LIF) CFO exercises options and updates direct, trust holdings
Rhea-AI Filing Summary
Life360, Inc. Chief Financial Officer Russell John Burke reported an option exercise and updated share holdings. On 01/14/2026, he exercised a stock option to acquire 12,427 shares of common stock at $3.58 per share, bringing his directly held common stock (including awards) to 84,657 shares. This direct position includes 72,230 restricted stock units, each representing a contingent right to one share upon vesting. He also reports 91,077 common shares held indirectly by the Russell John Burke Revocable Trust following a transfer of 18,524 directly held shares that was exempt from Section 16 under Rule 16a-13. After the transaction, a fully vested and exercisable stock option covering 419,087 shares of common stock remains outstanding.
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FAQ
What did Life360 (LIF) CFO Russell John Burke report on this Form 4?
He reported exercising a stock option to acquire 12,427 shares of Life360 common stock at $3.58 per share on 01/14/2026, and updated his direct and indirect holdings.
How many Life360 shares does the CFO hold directly after the reported transaction?
Following the transaction, Russell John Burke beneficially owns 84,657 shares of Life360 common stock directly, which includes 72,230 restricted stock units.
What indirect holdings of Life360 (LIF) shares does the CFO report?
He reports 91,077 shares of Life360 common stock held indirectly by the Russell John Burke Revocable Trust.
Was there a transfer of Life360 shares to the Russell John Burke Revocable Trust?
Yes. The footnotes state that 18,524 directly held shares were transferred to the Russell John Burke Revocable Trust, a transfer that was exempt from Section 16 under Rule 16a-13.
What is the status of the stock option reported by the Life360 CFO?
The reported stock option has an exercise price of $3.58 per share, is fully vested and exercisable, and after the transaction covers 419,087 shares of Life360 common stock.
Does this Form 4 indicate any sale of Life360 (LIF) common stock by the CFO?
The reported transaction code is M, indicating an option exercise for 12,427 shares. The filing also describes an exempt transfer of 18,524 shares to a trust, not a reported market sale.