Life360 CFO restructures 45,000 share trust holdings
Life360, Inc.’s Chief Financial Officer Russell John Burke reported internal changes in how some of his shares are held, rather than market purchases or sales.
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Form Type
4
Rhea-AI Filing Summary
Life360, Inc.’s Chief Financial Officer Russell John Burke reported internal changes in how some of his shares are held, rather than market purchases or sales. He transferred 15,000 indirectly held common shares to each of three separate trusts, 45,000 shares in total, in a restructuring classified under transaction code J.
According to the footnote, these transfers were exempt from Section 16 under Rule 16a-13 and Burke retains indirect beneficial ownership of all 45,000 transferred shares. After these updates, his reported holdings include directly held common stock, indirectly held common stock through multiple trusts, and 106,291 restricted stock units, each convertible into one share upon vesting.
Insider Trade Summary
Other: 45,000 shares
Other
5 txns
Insider
Burke Russell John
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common stock | 45,000 | $0.00 | $0.00 |
| holding | Common stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 68,361 shares (Indirect, Held by the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC);
Common stock — 115,974 shares (Direct);
Common Stock — 15,000 shares (Indirect, JEANETTE CALANDRA TTEE THE DIANELLA TRUST);
Common Stock — 15,000 shares (Indirect, JEANETTE CALANDRA TTEE THE WARATAH TRUST);
Common Stock — 15,000 shares (Indirect, JEANETTE CALANDRA TTEE THE JACARANDA TRUST)
Footnotes (2)
- F1. The Reporting Person transferred 15,000 indirectly held shares to each of (i) Jeanette Calandra TTEE The Jacaranda Trust, (ii) Jeanette Calandra TTEE The Waratah Trust, and (iii) Jeanette Calandra TTEE The Dianella Trust (45,000 shares in the aggregate), which transfers were exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended. The Reporting Person retains indirect beneficial ownership of all transferred shares.
- F2. Includes 106,291 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
Key Figures
Restructured shares: 45,000 shares
Per-trust transfer: 15,000 shares
Indirect post-transaction holding (revocable trusts): 68,361 shares
+2 more
5 metrics
Restructured shares
45,000 shares
Transferred among trusts under transaction code J
Per-trust transfer
15,000 shares
Moved to each of three named trusts
Indirect post-transaction holding (revocable trusts)
68,361 shares
Indirect common stock held by revocable trusts
Direct common stock holding
115,974 shares
Common stock reported as directly held
Restricted stock units
106,291 RSUs
Each RSU may convert to one common share upon vesting
Key Terms
restricted stock units, Rule 16a-13, beneficial ownership, revocable trust
4 terms
restricted stock units financial
"Includes 106,291 restricted stock units previously granted"
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.
Rule 16a-13 regulatory
"transfers were exempt from Section 16 pursuant to Rule 16a-13"
beneficial ownership financial
"The Reporting Person retains indirect beneficial ownership of all transferred shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
revocable trust financial
"Held by the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Life360 (LIF) disclose for CFO Russell John Burke?
Life360 disclosed that CFO Russell John Burke reported internal restructuring of common stock holdings, not open-market trades. He moved 45,000 indirectly held shares into three separate trusts while retaining indirect beneficial ownership, and his position also includes restricted stock units that may convert into common shares upon vesting.
What indirect Life360 (LIF) holdings are reported for the CFO after the restructuring?
After the restructuring, the filing lists indirect holdings through multiple trusts, including 68,361 common shares held by revocable trusts and 15,000 shares in each of three additional trusts. The reporting person retains indirect beneficial ownership of all 45,000 shares transferred into those new trust accounts.
How many Life360 (LIF) restricted stock units are included in the CFO’s reported position?
The filing states that reported holdings include 106,291 restricted stock units previously granted. Each unit represents a contingent right to receive one share of Life360 common stock upon vesting, so these units may convert into additional shares over time as vesting conditions are met.
What is Rule 16a-13’s relevance to the Life360 (LIF) insider restructuring?
The footnote explains that the 45,000-share transfers were exempt from Section 16 under Rule 16a-13. This rule can cover changes in the form of beneficial ownership, and here it is cited to clarify that moving shares among trusts did not trigger a standard reportable purchase or sale event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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