Form 4: Life360 CEO Chris Hulls Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Life360 CEO Chris Hulls reports the withholding of shares to cover income tax obligations related to the vesting of restricted stock units.
Summary
- On March 6, 2025, Life360 CEO Chris Hulls reported a transaction involving the withholding of 3,692 common stock shares by the issuer to cover income tax obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $43.09 per share.
- Following the transaction, Hulls directly owns 943,929 shares of common stock, which 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.
- Hulls also indirectly owns 1,846 shares through ICCA Labs, LLC.
- Hulls has granted power of attorney to Allison Chang, Jay Sood, Cici Sepehri, and Linh Pham to handle SEC filings related to Life360 securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It is common for companies to withhold shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of the transaction (share withholding). |
| 03/10/2025 | Date of signature for the report. |
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