[Form 4] Life360, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Life360, Inc. (LIF) director James Synge reported multiple open-market dispositions of common stock equivalents tied to Australian CDIs between August 15 and August 18, 2025. The filings show sales of 24,919 and 81 common-stock-equivalent shares on August 15 at weighted average prices of $84.23 and $85.25 respectively, and a further 25,000 shares on August 18 at a weighted average price of $85.80, reflecting conversions from CDIs using a 1:3 ratio and AUD-to-USD exchange rates. After these transactions the reporting person directly held 194,754 common shares and indirectly held 3,966 shares through ICCA Labs, LLC, and the reported holdings include 2,810 unvested restricted stock units.
Positive
- Comprehensive disclosure of CDI conversions, FX rates, weighted-average prices, and indirect holdings provides transparency for investors
- Significant retained ownership after sales: 194,754 direct shares plus 3,966 indirect shares and 2,810 restricted stock units remain reported
Negative
- Material dispositions of approximately 49, ...000 common-share equivalents executed between August 15 and August 18, 2025, which reduce the reporting person's direct stake
- Multiple sale transactions at varying prices ($83.91 to $86.22 range) introduce variability in average proceeds and timing
Insights
TL;DR: Director sold roughly 50,000 common-share equivalents at ~$84–$86, but retains significant direct and indirect stake including RSUs.
The Form 4 discloses routine insider dispositions executed on the ASX via CDIs and converted to common-stock equivalents. The sales occurred across multiple transactions at weighted average prices of $84.23, $85.25, and $85.80, using specified conversion and FX rates. Post-sale ownership remains material at 194,754 direct shares plus 3,966 indirect and 2,810 restricted units, which limits the immediate governance impact. This is a compliance disclosure of executed sales rather than a strategic change in ownership.
TL;DR: Disclosure follows Section 16 reporting rules; sales were processed through ASX CDIs and properly explained in footnotes.
The filing includes clear explanations about the CDI-to-common conversion (1:3), exchange rates used, weighted-average pricing ranges, and the reporting persons indirect holdings via an investment vehicle. The inclusion of restricted stock units and the disclaimer of beneficial ownership for certain indirect holdings are appropriate for transparency. There is no indication of a change in board status; filings indicate continued director relationship with the issuer.