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

What Happened

• Charles J. Prober, a director of Life360, exercised stock options for 7,930 shares and then sold those 7,930 shares in an open-market transaction on July 13, 2026. The options were exercised at $11.18 per share (cash paid: $88,657) and the shares were sold at $53.05 per share for total proceeds of about $420,687. The filing shows a derivative disposition at $0 reflecting the cancellation/settlement of the derivative instrument upon exercise.

Key Details

• Transaction date: July 13, 2026; Form 4 filed July 15, 2026 (appears timely).
• Option exercise: 7,930 shares exercised at $11.18 each = $88,657 (code M).
• Open-market sale: 7,930 shares sold at $53.05 each = $420,687 (code S).
• Derivative reporting: 7,930 derivative units disposed at $0 (reporting of option conversion).
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes: F1 — sale was made under a pre-established Rule 10b5-1 trading plan adopted Mar 14, 2025; F2 — filing notes 4,455 restricted stock units outstanding as contingent awards; F3 — the option was fully vested and exercisable.

Context

• This is effectively a cashless exercise followed by an immediate sale: options were exercised and the resulting shares were sold the same day. The sale was executed under a 10b5-1 plan, which is a prearranged program that can make insider sales routine and not necessarily indicative of a change in view about the company.