Life360, Inc.: director Charles J. Prober sold 7,930 shares

What happened Charles J. Prober, a director, exercised stock options for 7,930 shares at $11.18 per share on Oct 13, 2026 (exercise cost $88,657) and sold 7,930 shares in an open-market sale at $43.29 per share the same day for $343,290. The filing also reports a derivative conversion/disposition of 7,930 shares at $0.00.

Key details

• Transaction date: Oct 13, 2026. Exercise price reported at $11.18 (acquired 7,930 shares, $88,657); open-market sale at $43.29 (disposed 7,930 shares, $343,290); derivative conversion/disposition reported at $0.00 for 7,930 shares.
• Filing date and period of report: filed Oct 15, 2026; period of report Oct 13, 2026.
• Shares owned after the transaction: the filing notes that the post-transaction holdings include 3,361 restricted stock units previously granted (each RSU represents a contingent right to one share) (see footnote F2).
• Footnotes: F1—transaction effected under a Rule 10b5-1 trading plan adopted Mar 14, 2025; filing states the plan was adopted when the reporting person was not aware of any material nonpublic information. F3—the stock option is fully vested and exercisable.

Why it may matter

• The insider exercised options and sold the same shares on the same day, i.e., the transaction reflects an immediate sale following exercise (cashless exercise).
• The filing shows an option exercise, an open-market sale, and a derivative conversion; it does not state the insider's motives. A filing does not show why the insider traded or why the company acted.