Russell John Burke - Apr 9, 2025 Form 4 Insider Report for Life360, Inc. (LIF)

Signature
/s/ Allison Chang, Attorney-in-Fact
Stock symbol
LIF
Transactions as of
Apr 9, 2025
Transactions value $
-$106,737
Form type
4
Date filed
4/11/2025, 04:46 PM
Previous filing
Mar 31, 2025
Next filing
Apr 16, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIF Common stock Award $0 +32.5K +18.14% $0.00 211K Apr 9, 2025 Direct F1, F2
transaction LIF Common stock Sale -$102K -2.98K -1.41% $34.36 209K Apr 10, 2025 Direct F2, F3, F4
transaction LIF Common stock Sale -$4.38K -125 -0.06% $35.03 208K Apr 10, 2025 Direct F2, F3
* 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 Represents the grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 1/48th of the RSUs will vest monthly from January 1, 2025, subject to the Reporting Person's continuous service through each vesting date.
F2 Includes 131,408 RSUs previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F3 The transaction reported on this Form 4 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, preestablished 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.
F4 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $33.82 to $34.71, 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.