Life360 (NASDAQ: LIF) director sells shares after 10b5-1 option exercise
Rhea-AI Filing Summary
Life360, Inc. director Charles J. Prober reported an option exercise and share sale in the company’s stock. On January 13, 2026, he exercised a stock option for 7,930 shares of common stock at an exercise price of $11.18 per share, then sold the same 7,930 shares at a price of $61.98 per share. After these transactions, he directly owned 105,456 shares of common stock, which includes 1,357 restricted stock units that can convert into shares upon vesting, and held 79,300 stock options outstanding.
The filing notes that the transaction was carried out under a Rule 10b5‑1 trading plan adopted on March 14, 2025. This plan is a pre-arranged, automatic trading program that was put in place when the director stated they were not aware of any material nonpublic information about Life360.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 7,930 | $0.00 | -- |
| Exercise | Common stock | 7,930 | $11.18 | $89K |
| Sale | Common stock | 7,930 | $61.98 | $492K |
Footnotes (1)
- The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. 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. Includes 1,357 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting. The stock option vests and becomes exercisable as to 1/2 of the total number of shares on April 1, 2024 and thereafter vests and becomes exercisable as to 1/24th of the remaining shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.
FAQ
What insider transaction did Life360 (LIF) director Charles J. Prober report?
Charles J. Prober reported exercising a stock option for 7,930 shares of Life360 common stock at $11.18 per share and selling 7,930 shares of common stock at $61.98 per share on January 13, 2026.
Were the Life360 (LIF) insider trades made under a Rule 10b5-1 plan?
Yes. The filing states the reported transaction was effected under a Rule 10b5‑1 trading plan adopted by the reporting person on March 14, 2025, a pre-established plan intended to allow automatic trades based on predetermined criteria.
What stock options does the Life360 (LIF) director still hold after this Form 4?
Following the reported exercise, Charles J. Prober held 79,300 stock options to purchase Life360 common stock. The option involved in this transaction covered 7,930 shares with an exercise price of $11.18 per share and an expiration date of April 12, 2028.
How do the Life360 (LIF) director’s stock options vest?
The stock option referenced in the filing vests as to 1/2 of the total shares on April 1, 2024, and then as to 1/24th of the remaining shares in equal monthly installments until it is fully vested, subject to the director’s continued service on each vesting date.
What are the restricted stock units mentioned in the Life360 (LIF) Form 4?
The filing notes that the director’s holdings include 1,357 restricted stock units, each representing a contingent right to receive one share of Life360 common stock upon vesting, increasing his share ownership as they vest.