Hulls Chris 4

What Happened
Chris Hulls, a director of Life360, exercised 27,000 derivative instruments on June 18, 2026, at an exercise price of $8.19 per share (total cash cost $221,130) and reported a related 27,000-share derivative disposition at $0.00 per share. On the same day he sold 16,042 shares in an open-market transaction at a weighted average price of $47.07, producing proceeds of about $755,097.

Key Details

• Transaction date: June 18, 2026. Form filed June 23, 2026 (appears filed after the typical 2-business-day Form 4 deadline).
• Exercise (code M, Acquired): 27,000 shares at $8.19; total reported cash paid $221,130. Footnote F6 indicates the option was fully vested and exercisable.
• Derivative disposition (code M, Disposed): 27,000 shares reported as disposed at $0.00 per share (no cash consideration reported). See the Form 4 for specifics on the nature of this conversion/disposition.
• Open-market sale (code S, Disposed): 16,042 shares sold at a weighted average price of $47.07; total proceeds ~$755,097. Footnote F4 notes sales occurred across prices $46.92–$47.39 and that detailed breakdowns are available on request.
• Sale executed under a pre-established Rule 10b5-1 trading plan adopted Dec 16, 2025 (Footnote F1).
• Shares owned after the transaction are not specified in the excerpt provided; consult the full Form 4 for total beneficial ownership and CDI/RSU details (see Footnotes F2–F5 for CDI and RSU treatment).

Context

• The activity shows an option exercise followed by an open-market sale of some shares. Because the sale was made under a Rule 10b5-1 plan, it was pre-established and typically considered routine trading rather than a contemporaneous trading decision.
• The reported zero-price derivative disposition likely reflects a conversion/settlement mechanism; the Form 4 footnotes should be consulted for precise mechanics.
• Purchases/exercises can be more informative than sales as a bullish signal, but here the sale portion generated significant proceeds (~$755k) and was pre-planned.