Life360 (LIF) Director Chris Hulls Sells Shares, Exercises Options

What Happened
Chris Hulls, a director of Life360 (LIF), exercised stock options to acquire 27,000 shares at $2.53 per share (cost $68,310) on 2026-08-04 and sold a total of 27,000 shares in open-market transactions the same day for combined gross proceeds of approximately $1,710,047. The sales consisted of 17,020 shares at a weighted average price of $63.08 (range $62.50–$63.49) and 9,980 shares at a weighted average price of $63.77 (range $63.50–$64.03). The filing also reports a related derivative disposition of 27,000 shares at $0 (reported as a derivative transaction).

Key Details

• Transaction date: August 4, 2026; Form 4 filed August 5, 2026 (timely filing).
• Sales: 17,020 shares @ $63.08 (weighted avg) = $1,073,622; 9,980 shares @ $63.77 (weighted avg) = $636,425; total ≈ $1,710,047.
• Exercise: 27,000 shares @ $2.53 = $68,310. Stock option reported as fully vested.
• Reported derivative disposition: 27,000 shares at $0 (related to the option/derivative).
• Notable footnote: Sales were effected under a Rule 10b5-1 trading plan adopted Dec 16, 2025 (pre-established plan; filer stated no material nonpublic information at adoption).
• Price notes: weighted-average prices reported; ranges provided in filing (further breakdown available on request per footnotes).
• Shares owned after the transactions: not specified in the provided excerpt of the Form 4.

Context
This was an exercise-plus-sale (common “exercise and sell” pattern). The director exercised vested options and the resulting shares were sold into the open market under a pre-set 10b5-1 plan. Sales executed under a 10b5-1 plan generally indicate pre-planned dispositions rather than opportunistic timing; the filing is factual and does not indicate the director’s motives.