Burke Russell John 4

What Happened
Russell John Burke, Chief Financial Officer of Life360, was credited with 24,265 shares on March 25, 2026 via the settlement/conversion of performance-based restricted stock units (PRSUs). The transaction is reported as an acquisition at $0.00 per share (no cash paid). The PRSUs were originally granted on April 9, 2025 and the performance metric was determined to be satisfied on March 25, 2026.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely).
• Reported acquisition: 24,265 shares at $0.00 (award/settlement of PRSUs).
• Footnote highlights: The PRSUs were grant-dated April 9, 2025; each PRSU converts to one share on settlement. 25% of the PRSUs vested on Jan 1, 2026; the remaining 75% converted to time-based RSUs vesting in 12 equal quarterly installments thereafter, subject to continued service.
• Other holdings/transfers noted: filing references 80,838 previously granted RSUs and a prior trustee transfer of 22,284 directly held shares to a revocable trust (exempt under Rule 16a-13).
• Filing does not state total shares beneficially owned by the reporting person after this transaction.

Context
This was an equity award/settlement tied to a previously granted performance award, not an open‑market purchase or sale. Such awards are a routine part of executive compensation and reflect plan payouts when performance targets are met; they do not by themselves indicate the insider buying or selling stock in the open market. Transfers to trusts noted in the filing are reported as exempt transfers and likewise do not imply market trading intent.