Life360, Inc.: director Alex Haro sold 50,000 shares

What happened Alex Haro, a director, exercised options to acquire 50,000 shares at $2.53 per share for $126,500 and sold 48,608 shares at a weighted average $41.41 for $2,012,857 and 1,392 shares at a weighted average $42.36 for $58,965 on Oct 6, 2026. The filing also reports a disposition of 50,000 derivative shares at $0.00 with a reported value of $0.

Key details

• Transaction dates: Oct 6, 2026.
• Exercise/acquisition: 50,000 shares at $2.53, total $126,500 (transaction code M).
• Sales: 48,608 shares at weighted average $41.41 for $2,012,857 (transaction code S; price range $41.137–$42.135 per share, see footnote), and 1,392 shares at weighted average $42.36 for $58,965 (transaction code S; price range $42.145–$42.74 per share, see footnote).
• Derivative disposition: 50,000 shares at $0.00, value $0 (transaction code M, derivative conversion/disposition).
• Footnotes of record:
  • Rule 10b5-1 trading plan adopted Jun 9, 2026 (sales effected under a pre-established plan).
  • Includes 3,342 restricted stock units previously granted that represent contingent rights to receive one share upon vesting.
  • The reporting person undertakes to provide details on the number of shares sold at each price within the ranges stated in the footnotes.
  • The option exercised was fully vested and exercisable.
• Filing: Form filed Oct 8, 2026 covering the Oct 6, 2026 transactions.

Why it may matter

• The filing shows an exercise of options and simultaneous sales of the same total number of shares on the same date, which is consistent with a cashless exercise (shares acquired by exercise were sold the same day).
• Sales were reported as executed under a Rule 10b5-1 plan adopted Jun 9, 2026.
• The filing does not show why the insider traded or why the company acted.