Hulls Chris 4

What Happened
Chris Hulls, a director of Life360 (LIF), exercised 27,000 stock options (paying $8.19/share, total $221,130) on April 16, 2026. Following the exercise, 16,105 shares were sold in the open market for a weighted-average price of $45.51/share (total ≈ $732,939) pursuant to a Rule 10b5-1 trading plan. Additionally, 6,945 shares were withheld to satisfy tax withholding obligations in connection with vesting/net settlement (value reported ≈ $276,272). The filing reports both the option exercise and subsequent dispositions.

Key Details

• Transaction date: April 16, 2026; Form 4 filed April 20, 2026 (filing marked late).
• Option exercise: 27,000 shares exercised at $8.19/share (total $221,130). Option is fully vested (footnote).
• Open-market sale: 16,105 shares sold, weighted average $45.51/share (total ≈ $732,939); sale prices ranged $45.36–$46.11 (footnote).
• Tax withholding/net settlement: 6,945 shares withheld at $39.78/share (≈ $276,272) to cover taxes related to vested awards.
• Notable footnotes: transaction effected under a Rule 10b5-1 plan adopted 12/16/2025 (pre-established trading plan); withholding reflects net settlement of RSUs; option is fully vested.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• This was an exercise of vested options followed by share dispositions—common corporate insider activity where shares are exercised and some are sold to cover exercise costs and taxes. The presence of a 10b5-1 plan indicates the sales were pre-authorized and automated based on predetermined criteria.
• Sales under a 10b5-1 plan are often routine and do not, by themselves, indicate a change in the insider’s view of the company. The filing was late, which can reduce short-term transparency for investors.