Life360 (LIF) director sells 10,701 shares after option exercises
Rhea-AI Filing Summary
Life360, Inc. director Morin Brit reported multiple transactions on August 4, 2026. Brit exercised fully vested stock options covering 4,011 shares at $2.15 and 872 shares at $8.19, receiving the same number of common shares. On the same date, Brit sold 10,701 common shares at $60.00 per share pursuant to a pre-established Rule 10b5-1 trading plan adopted on March 13, 2026. Brit’s reported holdings also include 4,636 restricted stock units, each representing a contingent right to one common share upon vesting.
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Morin Brit
Role
Director
Sold
10,701 shs ($642K)
Approx. gross sale proceeds
$642K
Approx. exercise cost
$16K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F3 | 4,011 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) F1, F3 | 872 | $0.00 | $0.00 |
| Exercise | Common stock F1, F2 | 4,011 | $2.15 | $9K |
| Exercise | Common stock F1, F2 | 872 | $8.19 | $7K |
| Sale | Common stock F1, F2 | 10,701 | $60.00 | $642K |
Holdings After Transaction:
Stock Option (right to buy) — 84,041 shares (Direct);
Common stock — 20,157 shares (Direct)
Footnotes (3)
- F1. The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2026. The Rule 10b5-1 trading plan is a written, pre-established trading plan that provides for the automatic sale of Company stock pursuant to predetermined criteria. The Reporting Person adopted the plan at a time when they were not aware of any material nonpublic information about the Company.
- F2. Includes 4,636 restricted stock units, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- F3. The stock option is fully vested and exercisable.
Key Figures
Shares sold: 10,701 shares
Sale price: $60.00 per share
Options exercised (first grant): 4,011 shares
+4 more
7 metrics
Shares sold
10,701 shares
Common stock sale on August 4, 2026 at $60.00 per share
Sale price
$60.00 per share
Price for 10,701 Life360 common shares sold on August 4, 2026
Options exercised (first grant)
4,011 shares
Underlying common shares from stock options exercised at $2.15 on August 4, 2026
Options exercised (second grant)
872 shares
Underlying common shares from stock options exercised at $8.19 on August 4, 2026
Exercise price (first grant)
$2.15 per share
Conversion or exercise price for 4,011 option shares
Exercise price (second grant)
$8.19 per share
Conversion or exercise price for 872 option shares
Restricted stock units
4,636 units
RSUs representing contingent rights to Life360 common shares upon vesting
Key Terms
Rule 10b5-1 trading plan, restricted stock units, fully vested and exercisable
3 terms
Rule 10b5-1 trading plan regulatory
"The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Includes 4,636 restricted stock units, 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.
fully vested and exercisable financial
"The stock option is fully vested and exercisable."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Life360 (LIF) director Morin Brit report on August 4, 2026?
Morin Brit reported exercising stock options for 4,011 and 872 Life360 shares and selling 10,701 common shares on August 4, 2026, with all trades executed under a pre-established Rule 10b5-1 trading plan.
What stock options did Morin Brit exercise in this Life360 (LIF) Form 4 filing?
Brit exercised fully vested stock options for 4,011 shares at $2.15 and 872 shares at $8.19 per share. These option exercises resulted in the acquisition of an equal number of Life360 common shares on August 4, 2026.
What restricted stock units does Morin Brit hold in Life360 (LIF) according to the Form 4?
Brit’s reported holdings include 4,636 restricted stock units (RSUs), each representing a contingent right to receive one share of Life360 common stock upon vesting, as disclosed in the filing’s footnotes.
What roles does Morin Brit hold at Life360 (LIF) in this insider report?
In this report, Morin Brit is identified as a director of Life360, Inc. The transactions involve Brit’s directly held options, common stock, and restricted stock units, as described in the Form 4.