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Life360, Inc.·4

Jun 2, 5:48 PM ET

COGHLAN JOHN PHILIP 4

Research Summary

AI-generated summary

Updated

Life360 (LIF) Director John Coghlan Sells 4,000 Shares

What Happened

  • John Coghlan, a director of Life360, sold a total of 4,000 shares in open-market transactions and received a separate RSU grant. On 2026-06-01 he disposed of 3,796 shares at a weighted-average price of $43.95 for proceeds of $166,834, and 204 shares at a weighted-average price of $44.64 for proceeds of $9,107 (total proceeds ≈ $175,941). On 2026-05-29 he was granted 4,840 restricted stock units (RSUs) with a $0.00 reported acquisition price; these RSUs vest quarterly (1/4th each quarter) beginning May 15, 2026, subject to continued service.

Key Details

  • Transaction dates and prices:
    • 2026-05-29: RSU award — 4,840 RSUs granted (reported $0.00).
    • 2026-06-01: Sale — 3,796 shares at weighted avg $43.95 (per-share sales ranged $43.53–$44.52).
    • 2026-06-01: Sale — 204 shares at weighted avg $44.64 (per-share sales ranged $44.63–$44.64).
  • Total proceeds from sales: approximately $175,941.
  • Shares owned after the transactions: not specified in the provided excerpt of the filing.
  • Notable footnotes:
    • RSUs: Each RSU represents a contingent right to one share on settlement; vesting schedule is quarterly (1/4th).
    • Footnote indicates 5,676 RSUs are included in reported holdings (per filing).
    • Sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted Dec 8, 2025 (pre-set formula; seller stated not aware of material nonpublic info when plan adopted).
    • Weighted-average prices reported; filing offers to provide per-trade price breakdown on request.

Context

  • These transactions include both an award (RSUs) and open-market sales. Awards (RSUs) are compensation and will convert to shares as they vest; they are not an immediate market purchase.
  • The sales were made under a 10b5-1 plan, which typically indicates pre-scheduled, routine dispositions rather than ad hoc trades based on current views.
  • No indication in the provided information that the filing was late; Form 4 was filed on 2026-06-02, covering trades dated 2026-05-29 and 2026-06-01 (generally within required reporting windows).