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[Form 4] Life360, Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Mark Goines, a director of Life360, Inc. (LIF), sold 20,000 shares of the company's common stock on 08/22/2025 at a weighted average price of $86.87 per share (sales ranged $86.87–$86.93). After the sale and related transfers, the reporting person beneficially owns 71,809 shares, held indirectly through the Goines Wong Living Trust. The filing discloses that 55,537 directly held shares were transferred to that trust in a transaction exempt under Rule 16a-13, and that 2,866 restricted stock units remain contingent rights to receive shares upon vesting.

Positive

  • Disclosure completeness: The Form 4 provides detailed information on the sale, price range, trust transfer, and restricted stock units.
  • Trust transfer exemption: 55,537 shares were transferred to the Goines Wong Living Trust and reported as exempt under Rule 16a-13.

Negative

  • Insider disposition: The reporting person sold 20,000 shares, reducing directly held shares.
  • Potential future dilution: 2,866 restricted stock units remain outstanding and may convert to common stock upon vesting.

Insights

TL;DR: Insider sale of 20,000 shares and a transfer to a family trust; net beneficial ownership now 71,809 shares.

The reported sale of 20,000 shares at a weighted average price of $86.87, with transaction prices ranging up to $86.93, is a routine Section 16 disclosure of an insider disposition. The simultaneous transfer of 55,537 shares into the Goines Wong Living Trust was treated as exempt under Rule 16a-13, meaning it did not trigger additional Section 16 reporting consequences beyond disclosure. The filing also notes 2,866 restricted stock units that remain contingent on vesting, which could convert to common shares in the future and affect dilution. Overall, this report documents liquidity taken by an insider and a relocation of direct holdings into a trust, with no new derivative activity disclosed.

TL;DR: Director moved shares into a trust and sold a portion; disclosure aligns with Rule 16 reporting requirements.

The transfer of a substantial block of 55,537 shares into the Goines Wong Living Trust and the sale of 20,000 shares are properly disclosed, including the use of Rule 16a-13 for the trust transfer exemption. The statement clarifies ownership form as indirect for trust-held shares and highlights outstanding restricted stock units (2,866) as contingent equity. From a governance perspective, these actions appear administrative and personal rather than corporate transactions; the filing contains the requisite details for investor transparency but does not indicate corporate policy changes or material governance events.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Goines Mark

(Last) (First) (Middle)
C/O LIFE360, INC.
1900 SOUTH NORFOLK STREET, SUITE 310

(Street)
SAN MATEO CA 94403

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Life360, Inc. [ LIF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common stock 08/22/2025 S 20,000 D $86.87(1) 71,809(2) I Held by the Goines Wong Living Trust
Common stock 5,881(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $86.87 to $86.93, 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.
2. The Reporting Person transferred 55,537 directly held shares to the Goines Wong Living Trust, which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
3. Includes 2,866 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
Remarks:
/s/ Jay Sood, Attorney-in-Fact 08/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What shares did Mark Goines sell according to the Form 4 for LIF?

The filing shows 20,000 shares of Life360 common stock were sold on 08/22/2025.

At what price were the LIF shares sold by the reporting person?

The reported weighted average sale price was $86.87 per share, with transaction prices ranging from $86.87 to $86.93.

How many Life360 shares does the reporting person beneficially own after the transactions?

Following the reported transactions, the reporting person beneficially owns 71,809 shares, held indirectly through the Goines Wong Living Trust.

What was transferred to the Goines Wong Living Trust and was it exempt?

55,537 directly held shares were transferred to the trust, and the transfer was reported as exempt under Rule 16a-13 of the Exchange Act.

Are there any unvested awards disclosed in the Form 4?

Yes, the filing includes 2,866 restricted stock units, each representing a contingent right to one share upon vesting.
Life360 Inc

NASDAQ:LIF

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5.68B
62.35M
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4.76%
Software - Application
Services-computer Processing & Data Preparation
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United States
SAN MATEO