Charles J. Prober - Sep 10, 2024 Form 4 Insider Report for Life360, Inc. (LIF)

Role
Director
Signature
/s/ Jay Sood, Attorney-in-Fact
Stock symbol
LIF
Transactions as of
Sep 10, 2024
Transactions value $
-$850,868
Form type
4
Date filed
9/12/2024, 06:57 PM
Previous filing
Jun 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIF Common stock Options Exercise $447K +40K +35.48% $11.18 153K Sep 10, 2024 Direct F1
transaction LIF Common stock Gift $0 -40K -26.19% $0.00 113K Sep 11, 2024 Direct F1, F2
transaction LIF Common Stock Sale -$1.3M -40K -100% $32.45 0 Sep 11, 2024 By Kopansky Prober Revocable Trust F3
transaction LIF Common stock Gift $0 -6K -5.32% $0.00 107K Sep 11, 2024 Direct F1, F4
holding LIF Common Stock 40K Sep 10, 2024 By Kopansky Prober Revocable Trust F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LIF Stock Option (right to buy) Options Exercise $0 -40K -17.19% $0.00 193K Sep 10, 2024 Common stock 40K $11.18 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 5,792 restricted stock units, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F2 On September 11, 2024, the reporting person transferred 40,000 shares of the Issuer's common stock to the Kopansky Prober Revocable Trust for no consideration. The reporting person is trustee of the trust, and he and members of his immediate family are the sole beneficiaries of the trust. The reporting person remains the beneficial owner of the securities held by the trust.
F3 The price reported in Column 4 is the weighted average price. These shares were sold in multiple transactions at prices ranging from $32.03 to $33.50, inclusive, per share. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, full details regarding the number of shares sold at each separate price within the range.
F4 On September 11, 2024, the reporting person contributed 6,000 shares to a donor-advised fund, which will use the gifted shares for charitable purposes.
F5 The stock option vests and becomes exercisable as to 1/2 of the total number of shares on April 12, 2024 and thereafter vests and becomes exercisable as to 1/48th of the total number of shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.