Hulls Chris 4

What Happened
Chris Hulls, a director of Life360, received an award of 54,595 performance-based restricted stock units (PRSUs) reported on 2026-03-25. The PRSUs were reported with an acquisition price of $0.00 (i.e., they are an award/settlement right rather than an open‑market purchase). Each PRSU represents the contingent right to one share of Life360 common stock upon settlement. The award became reportable when the performance metric was satisfied on March 25, 2026.

Key Details

• Transaction date: 2026-03-25; Report filed: 2026-03-27. Report shows acquisition code A (award/grant). Price: $0.00; reported value = $0.
• Nature of award (Footnote F1): PRSUs were originally granted April 9, 2025; the performance condition was satisfied March 25, 2026. 25% of the PRSUs vested on January 1, 2026; the remaining 75% converted to time‑based RSUs and will vest in 12 equal quarterly installments thereafter, subject to continuous service through each vest date.
• Additional filing notes: F3 references 162,966 RSUs previously granted; F4 references shares underlying 585,938 CDIs (ASX‑traded Chess Depositary Interests) converted on a 1:3 common-stock to CDI ratio; F2 explains that CDI holdings are shown as converted to common-stock equivalents.
• Shares owned after transaction: the filing does not state a consolidated total holding after this conversion—details shown in footnotes reflect outstanding RSUs and CDI‑related positions rather than a single total-share count.
• Timeliness: filing date is 2026-03-27 reporting the 3/25/2026 event; the filing does not indicate a late reporting flag.

Context

• This was an award/vesting event (not an open‑market purchase or sale). Awards and vesting reflect compensation practices and settlement mechanics rather than an insider buying/selling shares on market.
• The remaining converted RSUs vest over time and require continued service to convert into deliverable shares, so not all 54,595 shares are immediately freely tradable.