Life360 Director Mark Goines Receives 5,322 RSUs

What Happened

• Mark Goines, a director of Life360, was granted 5,322 restricted stock units (RSUs) on May 29, 2026. The RSUs were issued at $0.00 (a standard equity award, not a cash purchase) and represent a contingent right to receive common stock upon settlement.
• The award is reported as Transaction Code A (award/grant). The filing shows the grant value as $0 because RSUs are contingent equity, not an immediate cash transaction.

Key Details

• Transaction date: 2026-05-29; Filing date (Form 4): 2026-06-02.
• Grant: 5,322 RSUs; reported price: $0.00 per RSU (award, not a market purchase).
• Vesting: Per footnote F1, 1/4 of the RSUs will vest quarterly beginning May 15, 2026, subject to continuous service through each vest date.
• Footnote F2: Filing also notes "Includes 6,102 RSUs" — the filing language suggests other RSUs are included in the reporting calculations, but the form does not specify post-transaction total share ownership in the provided excerpt.
• Shares owned after the transaction: not specified in the provided data.

Context

• RSUs are a form of compensation that convert into shares only after vesting; they do not indicate an immediate purchase or sale and are commonly used for long-term incentive alignment.
• This transaction is an award/grant (not a sale), so it is not a direct bullish/bearish trading signal; it reflects executive compensation and retention practices.