Life360 (LIF) Director Charles Prober Exercises Options & Sells Shares

What Happened

• Charles J. Prober, a director of Life360 (LIF), exercised options and sold the resulting shares on September 14, 2026. He exercised 7,930 shares at an exercise price of $11.18 (cost $88,657) and sold 7,930 shares in an open-market sale at $42.12 per share for gross proceeds of $334,012. The filing also shows a related derivative disposition of 7,930 shares reported at $0.00. The sale was effected pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-09-14; Form 4 filed: 2026-09-16 (filed within the typical 2-business-day window).
• Exercise: 7,930 shares exercised at $11.18/share (total exercise cost $88,657).
• Sale: 7,930 shares sold at $42.12/share (gross proceeds $334,012).
• Derivative line: 7,930 shares disposed at $0.00 (filing lists this as a derivative disposition; the filing does not explain the reason).
• Footnotes: F1 — sale was under a Rule 10b5-1 plan adopted March 14, 2025; F2 — filing references 3,361 restricted stock units previously granted; F3 — the stock option exercised is fully vested and exercisable.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This was an exercise of vested options followed by an immediate sale of the shares (a common, often pre-planned cashless exercise and sale). The use of a Rule 10b5-1 plan indicates the sales were pre-established and automated, which is intended to prevent trading based on material nonpublic information. The reported $0.00 derivative disposition may reflect net-settlement or share withholding practices, but the filing does not provide a specific explanation.