Life360 director has 7,545 shares withheld for tax
Life360 director Chris Hulls had shares withheld to cover RSU tax obligations and now holds substantial direct and trust-based positions in the company’s common stock.
Rhea-AI Filing Summary
Life360, Inc. (LIF) director Chris Hulls reported that on September 8, 2026, 7,545 shares of common stock were withheld by Life360 at a price of $44.17 per share to satisfy income tax withholding obligations related to the vesting and net settlement of previously reported RSUs, which is not a market sale of shares. Following this tax-withholding transaction, Hulls held 374,511 shares of common stock directly, including 119,673 RSUs and shares underlying Chess Depositary Interests converted at a 1:3 common stock to CDI ratio, and also had indirect ownership of 195,312 shares of common stock in each of three 2023 irrevocable trusts for Robin, Rose, and Mckenzie Hulls, representing shares underlying 585,938 CDIs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 7,545 shares
Tax Withholding
4 txns
Insider
Hulls Chris
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2, F3 | 7,545 | $44.17 | $333K |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 374,511 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 (4)
- F1. This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units ("RSUs").
- F2. Includes 119,673 RSUs previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- F3. 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.
- F4. Represents shares of the Issuer's common stock underlying 585,938 CDIs.
Key Figures
Shares withheld for tax: 7,545 shares
Withholding price per share: $44.17 per share
Direct holdings after transaction: 374,511 shares
+4 more
7 metrics
Shares withheld for tax
7,545 shares
Common stock withheld on September 8, 2026 to satisfy income tax withholding for RSU vesting
Withholding price per share
$44.17 per share
Value used for the 7,545 Life360 shares withheld for tax on September 8, 2026
Direct holdings after transaction
374,511 shares
Total Life360 common stock held directly by Chris Hulls following the tax-withholding event
Restricted stock units (RSUs) included
119,673 RSUs
RSUs previously granted to Chris Hulls, each representing one share of common stock upon vesting
Indirect holdings per 2023 trust
195,312 shares
Life360 common stock held indirectly in each of the Robin, Rose, and Mckenzie Hulls 2023 Irrevocable Trusts
CDIs underlying trust holdings
585,938 CDIs
Represents shares of Life360 common stock underlying Chess Depositary Interests held for the three trusts
CDI conversion ratio
1:3 common stock to CDI ratio
CDIs converted to common stock holdings for reporting purposes
Key Terms
restricted stock units ("RSUs"), income tax withholding and remittance obligations, Chess Depositary Interests ("CDIs"), CHESS Depositary Nominees Pty, Limited, +1 more
5 terms
restricted stock units ("RSUs") financial
"previously reported restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
income tax withholding and remittance obligations financial
"to satisfy its income tax withholding and remittance obligations"
Chess Depositary Interests ("CDIs") financial
"number of shares of common stock underlying Chess Depositary Interests ("CDIs")"
CHESS Depositary Nominees Pty, Limited financial
"CDIs are traded on the Australian Securities Exchange and are held by CHESS Depositary Nominees Pty"
Australian Securities Exchange financial
"CDIs are traded on the Australian Securities Exchange (the "ASX")"
Australian Securities Exchange is Australia’s main marketplace where stocks, bonds, ETFs and other tradable financial instruments are bought and sold. Think of it as a large, regulated marketplace that shows current prices, matches buyers and sellers, and enforces rules to keep trading fair and orderly—information and liquidity from the exchange directly affect how easy it is to trade an investment and how its market price is determined.
FAQ
What transaction did Life360 (LIF) director Chris Hulls report on September 8, 2026?
He reported that 7,545 shares of Life360 common stock were withheld by the company at $44.17 per share to satisfy its income tax withholding obligations related to the vesting and net settlement of previously reported RSUs, which is not a sale by him.
What indirect Life360 (LIF) holdings does Chris Hulls report through 2023 irrevocable trusts?
He reports indirect ownership of 195,312 shares of Life360 common stock in each of three 2023 irrevocable trusts (for Robin, Rose, and Mckenzie Hulls), representing shares underlying a total of 585,938 CDIs of the issuer’s common stock.
Was the Life360 (LIF) Form 4 transaction a market sale by Chris Hulls?
No. A footnote states the transaction is not a sale of shares by Chris Hulls. The 7,545 shares were withheld by Life360 to satisfy its income tax withholding and remittance obligations related to vesting RSUs.
Were the Life360 (LIF) transactions reported under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked, and there is no disclosure that the September 8, 2026 tax-withholding disposition was made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
