Life360 (LIF) Director Charles Prober Receives RSU Award

What Happened

• Charles J. Prober, a director of Life360, received an award of 19 restricted stock units (RSUs) on August 1, 2026. The RSUs were granted at $0.00 per share (no cash paid) in connection with his appointment to the Corporate Governance and Nominating Committee.
• Each RSU represents a contingent right to one share of Life360 common stock upon settlement. Vesting is pro rata: one‑third vests on each of Nov 15, 2026; Feb 25, 2027; and May 15, 2027, subject to his continuous service through each vest date.

Key Details

• Transaction date: August 1, 2026; reported on Form 4 filed August 5, 2026.
• Type: Award/Grant (code A). Price: $0.00 per share. Shares granted: 19 RSUs.
• Vesting: 1/3 on 11/15/2026, 1/3 on 2/25/2027, 1/3 on 5/15/2027 (service‑based).
• Footnote: Filing also references 4,474 previously granted RSUs (each convertible to one share upon vesting).
• Post‑transaction share total is not specified in the provided excerpt.

Context

• This is a compensatory RSU grant tied to committee service (not an open‑market buy or sale); such awards are routine for board members and reflect compensation rather than a direct market bet.
• RSUs convert to shares only upon vesting and may have tax withholding implications at settlement; they do not represent immediate cash proceeds or sales.