[Form 4] Life360, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Life360, Inc. (LIF) Form 4 shows Russell John Burke, the company's Chief Financial Officer and a Director, reported a transaction dated 08/22/2025. The filing discloses a gift of 5,870 shares of common stock to a donor-advised fund; the shares were donated (code G(1)) at a price of $0 and the reporting person "retains no beneficial ownership or control" of the donated securities after the contribution.
The reporting person is shown as beneficially owning 190,548 shares following the transaction, which the filing notes includes 111,231 restricted stock units that convert to shares upon vesting. The form was signed by an attorney-in-fact on 08/26/2025.
Positive
- Transaction disclosed as a charitable gift (G(1)), indicating the shares were donated rather than sold for cash
- Filing provides transparency on compensation-related holdings by noting 111,231 restricted stock units included in the beneficial ownership total
Negative
- Reported disposition reduced insider's direct holdings by 5,870 shares
- Large portion of reported beneficial ownership (111,231 RSUs) remains contingent on vesting and could increase outstanding share count if converted
Insights
TL;DR: Insider made a charitable gift of 5,870 shares; remaining stake includes 111,231 RSUs and total beneficial ownership is 190,548 shares.
The reported transaction is a non-cash disposition classified as a gift to a donor-advised fund (G(1)), which typically has limited direct market impact compared with open-market sales. The filing clarifies the reporting person retains no control over the donated shares. The remaining reported stake of 190,548 shares includes a material component of unvested compensation (111,231 RSUs), which may dilute upon vesting but is not an immediate sale or liquidity event.
TL;DR: Transaction is governance-transparent: properly reported charitable donation, with clear disclosure of RSUs and post-transaction ownership.
The Form 4 follows Section 16 disclosure expectations by reporting an officer and director's gift and specifying loss of beneficial ownership. The inclusion of the large number of restricted stock units in the beneficial-ownership total is useful for investor transparency. There is no indication of rule 10b5-1 plan use, amendment, or any control retention tied to the donated shares.