Life360 (LIF) Director Charles Prober Exercises Options, Sells Shares

What Happened

• Charles J. Prober, a director of Life360, exercised 7,930 stock options on April 13, 2026 (exercise cost = $11.18 per share; $88,657 total) and sold those 7,930 shares the same day in an open‑market transaction at $37.27 per share for proceeds of $295,551. The sale was executed under a pre-established Rule 10b5‑1 trading plan. A separate derivative line at $0.00 reflects the conversion/settlement of the derivative upon exercise.

Key Details

• Transaction date: 2026-04-13 (reported on Form 4 filed 2026-04-15; Period of Report 2026-04-13).
• Exercise: 7,930 shares at $11.18 each = $88,657 (code M).
• Sale: 7,930 shares at $37.27 each = $295,551 (code S).
• Derivative/Conversion: 7,930 listed at $0.00 (reported disposed on conversion).
• Footnotes: 10b5‑1 trading plan in place (adopted Mar 14, 2025) per F1; option was fully vested (F3); ownership count includes 679 RSUs per F2.
• Shares owned after transaction: not specified in the provided filing.

Context

• This is a same‑day exercise-and-sell (cashless exercise) executed under an automatic 10b5‑1 plan, a common way for insiders to monetize vested options while pre-establishing trade terms. Such routine monetizations do not by themselves indicate a change in the insider’s view of the company.