Chris Hulls - 08 Sep 2022 Form 4 Insider Report for Life360, Inc. (360.AX)

Role
Chief Executive Officer, Director
Signature
/s/ Daniel Menudier, as Attorney-in-Fact
Issuer symbol
360.AX
Transactions as of
08 Sep 2022
Transactions value $
-$52,738
Form type
4
Filing time
12 Sep 2022, 17:05:04 UTC
Previous filing
29 Jun 2022
Next filing
12 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction 360.AX Common Stock Tax liability -$52.7K -4.57K -0.15% $11.53* 3.03M 08 Sep 2022 Direct F1, F2
holding 360.AX Common Stock 30K 08 Sep 2022 Held by ICCA Labs, LLC F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.
F2 Includes 1,686,552 shares of the Issuer's common stock underlying 5,059,656 Chess Depositary Interests ("CDIs"). The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX. Also includes 90,377 restricted stock units, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F3 Represents shares of the Issuer's common stock underlying 89,880 CDIs.
F4 The Reporting Person is a member of ICCA Labs, LLC, an entity that holds an aggregate of 133,408 shares of the Issuer's common stock underlying 400,224 CDIs. The number of shares reported herein by the Reporting Person represents his proportionate ownership interest in ICCA Labs, LLC.