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 vesting restricted stock units, with no sale of shares by the reporting person.
Summary
- On March 27, 2025, Life360 CEO Chris Hulls reported a transaction involving the withholding of 8,365 shares of common stock by the issuer to cover income tax obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $39.88 per share.
- Following the transaction, Hulls directly owns 432,358 shares, including restricted stock units.
- Hulls also has indirect ownership through several trusts and ICCA Labs, LLC.
- The report also mentions that Hulls indirectly owns 195,312 shares through the Robin Hulls 2023 Irrevocable Trust, 195,312 shares through the Rose Hulls 2023 Irrevocable Trust, 195,312 shares through the Mckenzie Hulls 2023 Irrevocable Trust, and 1,846 shares through ICCA Labs, LLC.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is related to tax obligations from vesting restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Date of transaction: Share withholding for tax obligations. |
| 03/31/2025 | Date of signature on the Form 4 filing. |
Keywords
Life360, Chris Hulls, Form 4, Beneficial Ownership, Share Withholding, Restricted Stock Units, Tax Obligations, ICCA Labs LLC, Robin Hulls 2023 Irrevocable Trust, Rose Hulls 2023 Irrevocable Trust, Mckenzie Hulls 2023 Irrevocable Trust
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