Restricted stock award boosts Life360 (LIF) director’s holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360 director Chris Hulls reported an award of 54,595 shares of common stock tied to performance-based restricted stock units. The PRSUs were granted on April 9, 2025 and became reportable when the performance metric was determined to be met on March 25, 2026.
Each PRSU represents a right to receive one share of common stock upon settlement. Twenty-five percent vested on January 1, 2026, and the remaining 75% converted to time-based RSUs that vest in twelve equal quarterly installments, subject to continued service. After this award, Hulls directly holds 388,914 shares, and separate 2023 irrevocable trusts bearing family names each hold 195,312 shares as indirect positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Hulls Chris
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 54,595 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 388,914 shares (Direct);
Common Stock — 195,312 shares (Indirect, Held by the Robin Hulls 2023 Irrevocable Trust)
Footnotes (1)
- Represents performance-based restricted stock units ("PRSUs") granted to the Reporting Person on April 9, 2025. In light of the performance-based vesting condition, this grant was not reportable under Section 16 until the performance metric was satisfied. On March 25, 2026, it was determined that the performance metric had been met. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 25% of the PRSUs vested on January 1, 2026 with the remaining 75% converting to time-based RSUs and vesting in twelve equal quarterly installments thereafter, subject to the Reporting Person's continuous service through each vest date. Includes common stock and the number of shares of common stock underlying Chess Depositary Interests ("CDIs") as converted on a 1:3 common stock to CDI ratio. 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. Includes 162,966 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting. Represents shares of the Issuer's common stock underlying 585,938 CDIs.
FAQ
What insider transaction did Chris Hulls report for Life360 (LIF)?
Chris Hulls reported an acquisition of 54,595 shares of Life360 common stock tied to performance-based restricted stock units. These units became reportable when a defined performance metric was met on March 25, 2026, converting into equity-based compensation for the director.
How are the Life360 (LIF) performance-based RSUs for Chris Hulls structured?
The performance-based RSUs were granted on April 9, 2025 and became reportable once the performance metric was satisfied on March 25, 2026. Each unit entitles Hulls to one Life360 common share upon settlement, subject to a mix of initial and ongoing time-based vesting conditions.
What is the vesting schedule for Chris Hulls’ Life360 performance RSUs?
Twenty-five percent of the performance-based RSUs vested on January 1, 2026. The remaining 75% converted to time-based RSUs that vest in twelve equal quarterly installments, provided Chris Hulls maintains continuous service with Life360 through each future vesting date.
What role do CHESS Depositary Interests (CDIs) play in Chris Hulls’ Life360 holdings?
Part of Hulls’ reported position includes shares underlying CHESS Depositary Interests, converted on a 1:3 common stock to CDI ratio. These CDIs trade on the Australian Securities Exchange and are held by CHESS Depositary Nominees Pty Limited on behalf of investors in Life360.
How many restricted stock units are included in Chris Hulls’ Life360 position?
His reported holdings include 162,966 previously granted restricted stock units, each representing a contingent right to receive one Life360 common share upon vesting. These RSUs are in addition to the newly reportable performance-based RSUs tied to the 54,595-share award.