Form 4: Life360 COO Lauren Antonoff Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Lauren Antonoff, Chief Operating Officer of Life360, reports the withholding of shares by the issuer to cover income tax obligations related to the vesting of restricted stock units.
Summary
- On June 20, 2024, Life360, Inc. withheld 57,806 shares of common stock from COO Lauren Antonoff to satisfy income tax and withholding obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $31.25.
- Following the transaction, Antonoff beneficially owns 338,501 shares, including common stock and common stock underlying Chess Depositary Interests (CDIs) converted at a 1:3 ratio.
- This total also includes 275,792 Restricted Stock Units (RSUs), 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 related to tax obligations, and does not indicate 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 transaction has a neutral impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of share withholding transaction. |
| 06/24/2024 | Date of signature for the Form 4 filing. |
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