COGHLAN JOHN PHILIP 4

What Happened

• John Philip Coghlan, a director of Life360, exercised stock options (transaction code M) on March 5, 2026 to acquire 31,938 shares of LIF common stock at an exercise price of $0.18 per share, paying $5,749 in total. The filing also shows the related derivative (the option) reported as disposed/converted at $0.00, which reflects conversion/cancellation of the exercised option.
• This was an exercise (acquisition) rather than a sale; no immediate sale of the acquired shares was reported in this Form 4.

Key Details

• Transaction date: 2026-03-05; Form filed: 2026-03-09 (appears timely — within the two-business-day reporting window).
• Shares acquired: 31,938 at $0.18 each; total cash paid: $5,749.
• Derivative disposition: the underlying option was reported as disposed/converted at $0.00 (standard reporting when an option is exercised and converted to shares).
• Footnotes of note:
  • F1: Includes 1,672 restricted stock units (RSUs) that convert to one share each upon vesting.
  • F2: A previously reported transfer of 1,672 directly held shares to a trust has not yet occurred and has been adjusted for.
  • F3: The stock option exercised was fully vested and exercisable.
• The filing does not specify Coghlan’s total shares owned following the transaction.

Context

• This was an outright exercise of vested options, not a cashless exercise with immediate sale — so it represents acquisition of shares rather than a monetization event.
• Exercises convert option rights into common shares; the reported disposition of the derivative is an administrative reporting step and does not indicate a market sale.
• Exercises by insiders can reflect routine option exercises for tax or vesting reasons; they are informational but do not by themselves indicate company performance.