Form 4: Life360 CEO Chris Hulls Reports Gift of Shares and Adjustment of Beneficial Ownership

Life360 CEO Chris Hulls reports a gift of shares and adjustments to beneficial ownership, including shares held directly, indirectly through trusts, and via Chess Depositary Interests (CDIs).

Summary

• Chris Hulls, CEO of Life360, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 13, 2025, Hulls gifted 585,938 shares of common stock.
• He also reported acquisitions of 195,312 shares each held by the Mckenzie Hulls 2023 Irrevocable Trust, the Robin Hulls 2023 Irrevocable Trust, and the Rose Hulls 2023 Irrevocable Trust.
• Hulls' direct ownership following the transaction is 440,723 shares, which includes common stock and shares underlying Chess Depositary Interests (CDIs).
• He also has indirect ownership of 1,846 shares through ICCA Labs, LLC.
• The reported holdings include 128,407 restricted stock units, each representing a contingent right to receive one share of Life360's common stock upon vesting.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's ownership stake in the company.

Key Dates