Burke Russell John 4
4 · Life360, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Life360 CFO John Burke Withholds 5,800 Shares for Taxes
What Happened
John Burke, Chief Financial Officer of Life360 (LIF), had 5,800 shares withheld by the company on March 6, 2026 to satisfy income tax withholding tied to the vesting and net settlement of previously reported restricted stock units (RSUs). The reported withholding value was $44.91 per share, totaling approximately $260,478. This is a withholding/tax-remittance event (transaction code F), not an open-market sale by the insider.
Key Details
- Transaction date: 2026-03-06; Price per share: $44.91; Shares withheld/disposed: 5,800; Total value: ~$260,478.
- Transaction type: Tax withholding/net settlement of vested RSUs (code F) — not an insider-initiated sale or purchase.
- Footnote F1: Confirms shares were withheld by the issuer to satisfy its income tax withholding/remittance obligations related to vesting.
- Footnote F2: References 56,573 restricted stock units previously granted (each convertible to one share upon vesting).
- Filing: Report filed 2026-03-10 (within the normal 2-business-day Form 4 filing window for a March 6 transaction).
- Shares owned after the transaction: Not specified in this Form 4 filing.
Context: This is a routine tax-withholding transaction associated with RSU vesting (a common practice where the company retains some shares to cover taxes). It does not represent a market sale by the executive and should not be interpreted on its own as a bullish or bearish signal about the company's prospects.
Insider Transaction Report
- Tax Payment
Common stock
[F1][F2]2026-03-06$44.91/sh−5,800$260,478→ 78,857 total
- 91,077(indirect: By Trust)
Common stock
Footnotes (2)
- [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 withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.
- [F2]Includes 56,573 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.