Form 4: Life360 CFO Russell John Burke Reports Tax-Related Share Withholding

Russell John Burke, CFO of Life360, Inc., reports the withholding of shares by the issuer to cover income tax obligations related to vesting restricted stock units.

Summary

• On June 20, 2024, Life360, Inc. withheld 6,213 shares from CFO Russell John Burke to satisfy income tax obligations related to the vesting of restricted stock units.
• The shares were withheld at a price of $31.25.
• Following the transaction, Burke beneficially owns 135,108 shares, including common stock and common stock underlying Chess Depositary Interests (CDIs).
• The CDIs are traded on the Australian Securities Exchange (ASX) and are held by CHESS Depositary Nominees Pty, Limited.
• Burke also holds 122,047 restricted stock units, each representing a contingent right to receive one share of Life360's common stock upon vesting.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (tax withholding) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, have transactions involving the company's securities. This filing indicates a routine tax obligation fulfillment related to equity compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it's a standard tax-related withholding.

Key Dates