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

What Happened

• Director Chris Hulls exercised stock-derived awards (Form 4 code M) on August 18, 2026 to acquire 212,502 shares (50,000 @ $7.28; 47,993 @ $2.53; 114,509 @ $8.19), paying approximately $1,423,251 in aggregate to exercise those instruments.
• On the same day he sold 250,000 shares in open-market transactions (231,434 shares at a weighted average $46.78 and 18,566 shares at a weighted average $47.58), generating gross proceeds of about $11,709,853 (combined weighted average ≈ $46.84/share).
• The filing also records corresponding derivative-conversion entries at $0 (accounting entries tied to the exercises). These transactions combine an option exercise with contemporaneous market sales (common pattern where exercised shares are subsequently sold).

Key Details

• Transaction date: August 18, 2026; Form 4 filed Aug 19, 2026 (timely).
• Exercise (acquired): 50,000 @ $7.28 ($364,000); 47,993 @ $2.53 ($121,422); 114,509 @ $8.19 ($937,829). Total paid to exercise ≈ $1,423,251.
• Sales (disposed): 231,434 @ weighted $46.78 (range $46.36–$47.35 per footnote); 18,566 @ weighted $47.58 (range $47.36–$48.30 per footnote). Gross sale proceeds ≈ $11.71M.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes: CDIs on ASX are converted at 1:3 common-stock-to-CDI ratio (F1, F5); 134,496 RSUs noted (F2); option was fully vested and exercisable (F6). Footnotes F3/F4 explain the reported weighted-average prices and provide per-trade price ranges.
• Timeliness: Filing appears timely (filed the day after the transactions).

Context

• Code M = exercise/conversion of derivative securities (options). The filing shows Hulls exercised options (paid exercise prices) and shares were sold in the open market the same day — effectively a sell following an exercise (often used to cover exercise cost, tax withholding, or to monetize gains).
• The $0 "disposed" derivative entries reflect the accounting removal/conversion of the derivative instruments upon exercise, not a cash sale of the derivative itself.
• This is a disclosure of insider activity; it reports what occurred but does not state motivations.