Life360 (LIF) CFO exercises 6,500 options at $3.58, updates holdings
Life360, Inc. (LIF) Chief Financial Officer updates holdings and corrects prior option terms.
Rhea-AI Filing Summary
Life360, Inc. (LIF) Chief Financial Officer updates holdings and corrects prior option terms. The reporting person exercised a stock option and acquired 6,500 shares of Life360 common stock on 11/19/2025 at an exercise price of $3.58 per share. After the transaction, the reporting person directly held 98,232 common shares and indirectly held 72,553 shares through the Russell John Burke Revocable Trust.
The filing notes that 9,523 directly held shares were previously transferred to the revocable trust under an exemption from Section 16. It also states that 91,732 restricted stock units are included in the beneficial ownership total, each representing a right to receive one common share upon vesting. The stock option underlying this exercise is now fully vested and exercisable, and the vesting terms previously reported for this option were inadvertently misreported and are corrected in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 6,500 | $0.00 | $0.00 |
| Exercise | Common stock | 6,500 | $3.58 | $23K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. The Reporting Person transferred 9,523 directly held shares to the Russell John Burke Revocable Trust, which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
- F2. Includes 91,732 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- F3. The stock option vested and became exercisable as to 50% of the total number of shares over a four-year period with a one-year cliff, such that 25% vested and became exercisable on May 11, 2021, and the remaining shares vested in 47 equal monthly installments thereafter; and as to 50% of the total number of shares over a three-year period with a one-year cliff, such that 25% vested and became exercisable on May 11, 2021, and the remaining shares vested in 35 equal monthly installments thereafter, subject to the continuing employment of the Reporting Person on each vesting date. The stock option is now fully vested and exercisable.
FAQ
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What insider transaction did Life360 (LIF) report in this Form 4?
What is noted about restricted stock units for Life360 (LIF) in this filing?
What does the Form 4 say about prior reporting of the stock option vesting terms for Life360 (LIF)?
Is the stock option in this Life360 (LIF) Form 4 now fully vested?
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