Life360 (LIF) CFO John Burke Withholds 5,314 Shares for Taxes

What Happened

• John Burke (listed on the filing as Burke Russell John), Chief Financial Officer of Life360, had 5,314 shares withheld by the company on 2026-09-08 to satisfy income tax withholding related to the vesting and net settlement of previously reported restricted stock units (RSUs). The withheld shares were valued at $44.17 each, totaling approximately $234,719.
• This was a tax-withholding/net-settlement event (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-09-08; Filing date: 2026-09-10 (filed two days after the transaction — timely).
• Withheld shares: 5,314 at $44.17 per share; total value ≈ $234,719.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Confirms the transfer was withholding to satisfy income tax on vesting (not a sale).
  • F2: Notes 95,904 RSUs were previously granted (each a contingent right to one share upon vesting).
  • F3: Separately, the reporting person transferred 9,683 directly held shares to two revocable trusts; that transfer was exempt under Rule 16a-13.
• Transaction code explanation: F = Tax withholding/net settlement of equity awards.

Context

• This is a routine internal corporate action to cover tax obligations on vested RSUs (a cashless/net settlement). It typically does not indicate the insider is selling shares for market reasons.
• For retail investors, purchases are usually a stronger signal than tax-withholdings; this filing simply documents the mechanics of RSU vesting and tax remittance.