Life360 (LIF) director’s trust sells 4,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360, Inc. director John Philip Coghlan reported indirect open-market sales of 4,000 shares of common stock on May 1, 2026. The shares, held by the John Coghlan Living Trust, were sold in two transactions at weighted average prices of $44.12 and $44.67 per share. These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 8, 2025. Following the transactions, the trust held 32,431 shares, a separate 2025 Grantor Retained Annuity Trust held 55,494 shares, and Coghlan also reported 836 restricted stock units, each representing one future share upon vesting.
Positive
- None.
Negative
- None.
Insights
Routine pre-planned sale of 4,000 Life360 shares via trust.
Director John Philip Coghlan reported selling 4,000 shares of Life360 common stock on May 1, 2026 through the John Coghlan Living Trust. The weighted average sale prices were $44.12 and $44.67 per share in open-market transactions.
The filing notes the sales occurred under a pre-arranged Rule 10b5-1 trading plan adopted on December 8, 2025, meaning the trades followed a predetermined formula rather than discretionary timing. After these transactions, the Living Trust held 32,431 shares, and a separate 2025 Grantor Retained Annuity Trust held 55,494 shares.
Coghlan also reported 836 restricted stock units, each convertible into one share upon vesting, indicating continued equity-based exposure. Given the modest 4,000-share net sale relative to the visible indirect holdings, this filing reads as a routine liquidity event under an established plan.
Insider Trade Summary 10b5-1
Net Seller: 4,000 shares ($176,625)
Net Sell
4 txns
Insider
COGHLAN JOHN PHILIP
Role
null
Sold
4,000 shs ($177K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock | 3,736 | $44.12 | $165K |
| Sale | Common stock | 264 | $44.67 | $12K |
| holding | Common stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 32,695 shares (Indirect, Held by the John Coghlan Living Trust);
Common stock — 836 shares (Direct, null);
Common Stock — 55,494 shares (Indirect, Held by The John Philip Coghlan 2025 Grantor Retained Annuity Trust)
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 8, 2025. The Rule 10b5-1 trading plan is a pre-arranged written trading plan pursuant to which shares of the Issuer's common stock are sold automatically based on a predetermined formula that was established by the Reporting Person at a time when the Reporting Person was not aware of any material nonpublic information about the Company. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $43.59 to $44.56, inclusive, per share. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, full details regarding the number of shares sold at each separate price within the range. The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $44.59 to $44.70, inclusive, per share. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, full details regarding the number of shares sold at each separate price within the range. Represents 836 restricted stock units, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
Key Figures
Shares sold: 4,000 shares
Weighted average sale price 1: $44.12 per share
Weighted average sale price 2: $44.67 per share
+3 more
6 metrics
Shares sold
4,000 shares
Net shares sold on May 1, 2026 by John Coghlan Living Trust
Weighted average sale price 1
$44.12 per share
Open-market sale of 3,736 shares on May 1, 2026
Weighted average sale price 2
$44.67 per share
Open-market sale of 264 shares on May 1, 2026
Living Trust holdings after sale
32,431 shares
John Coghlan Living Trust balance following reported transactions
GRAT holdings
55,494 shares
Shares held by The John Philip Coghlan 2025 Grantor Retained Annuity Trust
Restricted stock units
836 RSUs
Each RSU represents a right to one share upon vesting
Key Terms
Rule 10b5-1 trading plan, Grantor Retained Annuity Trust, restricted stock units, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Grantor Retained Annuity Trust financial
"Held by The John Philip Coghlan 2025 Grantor Retained Annuity Trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
restricted stock units financial
"Represents 836 restricted stock units, each of which represents a contingent right"
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.
weighted average price financial
"The price reported in Column 4 is the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What additional Life360 (LIF) holdings linked to John Philip Coghlan are shown in this Form 4?
The filing shows 55,494 shares held by The John Philip Coghlan 2025 Grantor Retained Annuity Trust and 836 restricted stock units. Each restricted stock unit represents a contingent right to receive one Life360 common share upon vesting, indicating further equity exposure.
What do the 836 restricted stock units in the Life360 (LIF) Form 4 represent?
The 836 restricted stock units are an equity award, each representing a contingent right to one Life360 common share upon vesting. They are reported as direct holdings and will convert into common stock over time as vesting conditions are satisfied.