Life360 Director Chris Hulls: Shares Withheld for Taxes

What Happened Chris Hulls, a director of Life360, had 7,545 shares withheld by the company on Sept 8, 2026 to satisfy income tax withholding obligations related to the vesting and net settlement of previously granted restricted stock units (RSUs). The withheld shares were valued at $44.17 each for a total of $333,263. This was not an open-market sale by the reporting person but a company withholding to cover taxes (transaction code F).

Key Details

• Transaction date and price: Sept 8, 2026 — 7,545 shares withheld at $44.17 each (total ~$333,263).
• Transaction type: Tax withholding/net settlement of vested RSUs (code F); not a voluntary sale by the insider (see footnote F1).
• Related grants: Filing notes 119,673 previously granted RSUs (footnote F2).
• Ownership after transaction: Not specified in this Form 4 filing.
• Filing timeliness: Reported on Sept 10, 2026 for a Sept 8 transaction — appears filed within the typical two-business-day window.
• Other notes: Life360 uses CHESS Depositary Interests (CDIs) on the ASX; filings reference share/CDI conversions (footnotes F3–F4), but this transaction reflects U.S. common stock withholding.

Context Net settlement/tax-withholding transactions like this are routine when RSUs vest: the company retains (withholds) a portion of shares to cover the grantee’s tax liability rather than the insider selling shares on-market. These transactions generally do not signal a change in the insider’s view of the company because they are driven by tax obligations tied to equity compensation, not discretionary sales.