Life360 insider reports tax-withholding shares
Life360, Inc. director Chris Hulls reported routine share activity related to equity compensation.
Rhea-AI Filing Summary
Life360, Inc. director Chris Hulls reported routine share activity related to equity compensation. On the Form 4, 7,544 shares of common stock valued at $45.37 per share were withheld by the company to cover income tax obligations when previously granted restricted stock units vested. This is described as a tax-withholding disposition, not an open-market sale.
After this withholding, Hulls directly holds 395,941 shares of common stock. The filing also shows additional indirect holdings through several 2023 irrevocable trusts, each reported with share balances, as well as outstanding restricted stock units that may convert into common stock upon future vesting.
Positive
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Negative
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Insider Trade Summary
Exercise Price or Tax Liability: 7,544 shares
Exercise Price or Tax Liability
4 txns
Insider
Hulls Chris
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 7,544 | $45.37 | $342K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 395,941 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 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.
- F3. Includes 134,496 RSUs previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- F4. Represents shares of the Issuer's common stock underlying 585,938 CDIs.
Key Figures
Tax-withheld shares: 7,544 shares
Withholding price: $45.37 per share
Direct holdings after transaction: 395,941 shares
+4 more
7 metrics
Tax-withheld shares
7,544 shares
Withheld to cover income tax on RSU vesting
Withholding price
$45.37 per share
Value applied to 7,544 withheld shares
Direct holdings after transaction
395,941 shares
Common stock directly held by Chris Hulls after tax withholding
Indirect trust holdings
195,312 shares
Common stock reported for each 2023 irrevocable trust
Outstanding RSUs
134,496 RSUs
Each RSU represents a right to one common share upon vesting
CDIs underlying common stock
585,938 CDIs
CDIs representing Life360 common shares on a 1:3 ratio
CDI conversion ratio
1:3
One share of common stock equals three CDIs
Key Terms
restricted stock units, Chess Depositary Interests, tax withholding, irrevocable trust
4 terms
restricted stock units financial
"previously reported restricted stock units ("RSUs")."
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.
Chess Depositary Interests financial
"number of shares of common stock underlying Chess Depositary Interests ("CDIs")"
CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.
tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
irrevocable trust financial
"Held by the Mckenzie Hulls 2023 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
What did Life360 (LIF) director Chris Hulls report in this Form 4?
Chris Hulls reported a tax-related share withholding, not an open-market trade. The company withheld 7,544 Life360 common shares to cover income tax obligations on vesting restricted stock units, while Hulls retained a substantial direct equity position afterward.
Is the Life360 (LIF) Form 4 a buy or sell signal for investors?
This Form 4 reflects tax withholding, not a buy or sell decision. Shares were withheld by Life360 to pay income taxes on vested restricted stock units, making the event largely mechanical and compensation-related rather than a directional trade in the company’s stock.
What do the Life360 (LIF) Form 4 footnotes say about RSUs and CDIs?
Footnotes explain the transaction covers vesting restricted stock units and that holdings include common stock underlying Chess Depositary Interests on a 1:3 ratio. They also note 134,496 outstanding RSUs, each potentially delivering one Life360 common share upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
