[Form 4] Life360, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Life360 director John Philip Coghlan reported sales of common stock under a Rule 10b5-1 plan on 09/02/2025. The Form 4 shows two reported sale groupings: 508 shares sold at a weighted average price of $87.03 (individual trades ranged $86.50–$87.49) and 2,617 shares sold at a weighted average price of $88.33 (individual trades ranged $87.74–$88.71).
After these transactions the reporting person beneficially owned 11,992 shares held by the John Coghlan Living Trust and 9,375 shares held by the same trust, plus 67,604 shares held by The John Philip Coghlan 2025 Grantor Retained Annuity Trust. The filings note 3,344 restricted stock units that convert to shares upon vesting. The sales were effected pursuant to a 10b5-1 plan adopted December 6, 2024.
Positive
- Sales were executed under a Rule 10b5-1 plan, indicating pre-arranged transactions established when the reporting person stated he lacked material nonpublic information.
- Filing discloses detailed execution ranges and weighted-average prices ($86.50–$87.49 and $87.74–$88.71 ranges; weighted averages $87.03 and $88.33), improving transparency.
- Substantial remaining beneficial ownership disclosed (67,604 shares in the 2025 Grantor Retained Annuity Trust plus holdings in the John Coghlan Living Trust).
Negative
- Director sold shares, which could be perceived negatively by some investors despite being pre-scheduled.
- Form shows multiple indirect holdings and trusts, which can complicate clear assessment of immediate insider economic exposure.
Insights
TL;DR: Director stock sales under a pre-arranged 10b5-1 plan; holdings remain material, no new insider signal provided.
The Form 4 documents routine disposition activity rather than opportunistic trading: sales occurred pursuant to a Rule 10b5-1 plan established when the filer stated he lacked material nonpublic information. Quantities sold are modest relative to the total beneficial holdings disclosed (sums of tens of thousands of shares remain across trusts). The weighted-average prices and disclosed ranges provide transparency on execution levels. For investors this is a standard insider liquidity event with no disclosed change in ownership structure or control.
TL;DR: Governance-friendly disclosure: sales pre-scheduled under 10b5-1 and signed by attorney-in-fact; documentation appears compliant.
The filing explicitly states the trades were executed under a 10b5-1 plan adopted on December 6, 2024, which supports the affirmative defense against insider trading claims if plan terms were met. The signature by an attorney-in-fact is included and the Form 4 discloses indirect ownership through named trusts and RSUs. There is no indication of departures, new grants outside the trusts, or amendments that would raise immediate governance concerns.