Burke Russell John 4

What Happened

Burke Russell John, Chief Financial Officer of Life360, reported that 2,193 shares were disposed on April 16, 2026 as part of tax withholding related to the vesting and net settlement of previously granted restricted stock units (RSUs). The shares were valued at $39.78 each for a total of $87,238. This was not an open-market sale by the insider but an issuer withholding to satisfy income tax obligations (transaction code F).

Key Details

• Transaction date and price: April 16, 2026 — 2,193 shares at $39.78 per share (total $87,238).
• Transaction type: F (shares withheld by issuer to cover tax withholding on vested RSUs).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Confirms these shares were withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with vesting and net settlement of previously reported RSUs.
  • F2: References 118,188 RSUs previously granted (each RSU represents a contingent right to one share upon vesting).
• Filing timeliness: Transaction reported on Form 4 filed April 20, 2026. The filing was made on the second business day after the April 16 transaction and is timely.

Context

This was a routine tax-withholding transaction tied to RSU vesting (a net settlement), not a discretionary sale by the insider. Such withholdings are common and generally do not indicate a change in the insider’s view of the company’s prospects.