Russell John Burke - Mar 10, 2025 Form 4 Insider Report for Life360, Inc. (LIF)

Role
Chief Financial Officer
Signature
/s/ Allison Chang, Attorney-in-Fact
Stock symbol
LIF
Transactions as of
Mar 10, 2025
Transactions value $
-$60,351
Form type
4
Date filed
3/12/2025, 07:28 PM
Previous filing
Mar 11, 2025
Next filing
Mar 26, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIF Common stock Options Exercise $71.6K +20K +11.9% $3.58 188K Mar 10, 2025 Direct F1
transaction LIF Common stock Sale -$132K -3.1K -1.65% $42.51 185K Mar 10, 2025 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LIF Stock Option (right to buy) Options Exercise $0 -20K -4.16% $0.00 461K Mar 10, 2025 Common stock 20K $3.58 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 106,756 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 6, 2024. 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.
F3 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $42.25 to $43.00, 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.
F4 The stock option vests and becomes exercisable as to 1/48th of the total number of shares in equal monthly installments beginning on June 19, 2020, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.