Chris Hulls - Jun 28, 2023 Form 4 Insider Report for Life360, Inc. (LIFX)

Signature
/s/ Jay Sood, as Attorney-in-Fact
Stock symbol
LIFX
Transactions as of
Jun 28, 2023
Transactions value $
$0
Form type
4
Date filed
6/30/2023, 06:47 PM
Previous filing
Jun 9, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIFX Common Stock Other $0 -571K -18.91% $0.00 2.45M Jun 28, 2023 Direct F1, F2
holding LIFX Common Stock 30K Jun 28, 2023 Held by ICCA Labs, LLC F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Certain shares of the Issuer's common stock underlying Chess Depositary Interests ("CDIs") held by the Reporting Person were previously pledged as collateral to secure certain personal indebtedness of the Reporting Person under a loan facility with a third-party lender. On June 28, 2023, the Reporting Person transferred 1,711,661 CDIs (equivalent to 570,554 shares) to the lender to satisfy the full outstanding amount under the loan as required by the loan documentation.
F2 Includes 1,115,999 shares of the Issuer's common stock underlying 3,347,995 CDIs. The CDIs are traded on the Australian Securities Exchange (the "ASX") and are held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX. Also includes 68,023 restricted stock units, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F3 Represents shares of the Issuer's common stock underlying 89,880 CDIs.
F4 The Reporting Person is a member of ICCA Labs, LLC, an entity that holds an aggregate of 133,408 shares of the Issuer's common stock underlying 400,224 CDIs. The number of shares reported herein by the Reporting Person represents his proportionate ownership interest in ICCA Labs, LLC.

Remarks:

Exhibit 24 - Power of Attorney