Life360 (LIF) director sells 7,930 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Life360, Inc. director Charles J. Prober executed an options-related, pre-planned stock sale. He exercised stock options to acquire 7,930 shares of common stock at $11.18 per share, then sold 7,930 shares in an open-market transaction at $46.07 per share.
The transactions were carried out under a Rule 10b5-1 trading plan adopted on March 14, 2025, which provides for automatic sales based on preset criteria. Following these trades, Prober directly holds 109,911 shares of Life360 common stock, indicating he retains a substantial equity position.
Positive
- None.
Negative
- None.
Insights
Routine option exercise-and-sell under a pre-planned 10b5-1 program.
Director Charles J. Prober exercised options for 7,930 Life360 shares at an exercise price of $11.18 and sold 7,930 shares at $46.07. This is a classic exercise-and-sell pattern that monetizes option value without increasing net share exposure.
The filing states these trades occurred under a Rule 10b5-1 trading plan adopted on March 14, 2025, indicating they were pre-scheduled rather than opportunistic. After the transactions, Prober still directly owns 109,911 shares, so the sale represents a relatively small portion of his holdings.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 7,930 | $0.00 | -- |
| Exercise | Common stock | 7,930 | $11.18 | $89K |
| Sale | Common stock | 7,930 | $46.07 | $365K |
Footnotes (1)
- The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. The Rule 10b5-1 trading plan is a written, pre-established trading plan that provides for the automatic sale of Company stock pursuant to predetermined criteria. The Reporting Person adopted the plan at a time when they were not aware of any material nonpublic information about the Company. Includes 4,455 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting. The stock option is fully vested and exercisable.