Life360 (LIF) CEO covers RSU taxes with 21,130 withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life360, Inc. Chief Executive Officer Lauren Antonoff reported a routine tax-related share withholding. On the RSU vesting date, 21,130 shares of common stock were withheld by the company to cover income tax obligations tied to the net settlement of previously reported restricted stock units.
Following this tax-withholding disposition, Antonoff directly holds 288,651 shares of Life360 common stock. The filing also notes 120,044 RSUs outstanding, each representing a contingent right to receive one share upon future vesting. This event does not represent an open-market sale of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Antonoff Lauren
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 21,130 | $45.37 | $959K |
Holdings After Transaction:
Common Stock — 288,651 shares (Direct, null)
Footnotes (1)
- This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units ("RSUs"). Includes 120,044 RSUs previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
Key Figures
Tax-withheld shares: 21,130 shares
Withholding reference price: $45.37 per share
Shares held after transaction: 288,651 shares
+1 more
4 metrics
Tax-withheld shares
21,130 shares
Common stock withheld for RSU tax obligations
Withholding reference price
$45.37 per share
Price used for tax-withholding disposition
Shares held after transaction
288,651 shares
Direct common stock holdings post-withholding
Outstanding RSUs
120,044 RSUs
Each RSU convertible into one share upon vesting
Key Terms
restricted stock units ("RSUs"), net settlement, income tax withholding, tax-withholding disposition
4 terms
restricted stock units ("RSUs") financial
"previously reported restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
net settlement financial
"in connection with the vesting and net settlement of previously"
income tax withholding financial
"withheld by the Issuer to satisfy its income tax withholding and remittance obligations"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Life360 (LIF) disclose for CEO Lauren Antonoff?
Life360 disclosed that CEO Lauren Antonoff had 21,130 common shares withheld to satisfy income tax obligations on vested RSUs. This was a tax-withholding disposition, not an open-market sale, and reflects routine settlement of equity compensation.
What RSU position does the Life360 (LIF) CEO still have outstanding?
The filing states that Lauren Antonoff has 120,044 restricted stock units (RSUs) outstanding. Each RSU represents a contingent right to receive one share of Life360 common stock upon future vesting, providing additional potential equity exposure beyond currently held shares.
How is the transaction in Life360 (LIF) CEO’s Form 4 classified?
The transaction is coded “F,” indicating a tax-withholding disposition. Shares were delivered to Life360 to satisfy income tax withholding and remittance obligations related to RSU vesting, rather than representing a discretionary purchase or sale in the open market.