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

What Happened
Director Charles J. Prober exercised 7,930 vested stock options on June 15, 2026 at $11.18 per share (cost: $88,657) and immediately sold those 7,930 shares in the open market at $46.07 per share for proceeds of $365,335. The exercise converted the derivative options into common shares, which were then disposed of. Net proceeds before fees and taxes were approximately $276,678.

Key Details

• Transaction date: June 15, 2026.
• Exercise: 7,930 shares @ $11.18 = $88,657 (transaction code M).
• Sale: 7,930 shares @ $46.07 = $365,335 (transaction code S).
• Derivative conversion: 7,930 shares reported as converted/removed (shown as disposed at $0.00).
• Footnotes: Transaction effected under a Rule 10b5-1 trading plan adopted March 14, 2025 (pre-established plan); includes 4,455 RSUs previously granted; the stock option was fully vested.
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: Form 4 filed June 17, 2026 for a June 15 transaction — within the normal two-business-day reporting window (timely).

Context
This was effectively a cashless exercise: options were exercised and the acquired shares were sold immediately. The sale was carried out under a pre-established 10b5-1 plan, which is common for insiders to automate transactions and helps indicate the sale was pre-planned rather than opportunistic.