Form 4: Life360 Director John Coghlan Reports Share Transfer and Holdings

Life360 director John Coghlan reported a transfer of 2,834 shares to a donor-advised fund and updated his holdings of common stock and restricted stock units.

Summary

• John Coghlan, a director at Life360, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 10, 2024, Mr. Coghlan transferred 2,834 shares of common stock to a donor-advised fund.
• This transfer was a gift for charitable purposes, and Mr. Coghlan no longer has voting or investment control over these shares.
• Following the transaction, Mr. Coghlan directly owns 5,226 shares of common stock and indirectly owns 38,794 shares through the John Coghlan Living Trust and 64,834 shares through The John Philip Coghlan 2024 Grantor Retained Annuity Trust.
• Mr. Coghlan also holds 3,484 restricted stock units, each representing a contingent right to receive one share of Life360 common stock upon vesting.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating no significant positive or negative sentiment. It reflects standard corporate governance practices.

Industry Context

This filing is a routine disclosure of a director's share transactions and is typical for publicly traded companies. It provides transparency into the ownership structure and insider activity.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting of share transfers and holdings by directors is consistent with SEC regulations and industry norms.
• Similar filings are made by directors and officers of other publicly traded companies such as Apple, Google, and Microsoft.

Stakeholder Impact

• The share transfer has a minimal impact on shareholders as it is a personal transaction by a director.
• The filing provides transparency to stakeholders regarding the director's ownership of the company's stock.

Key Dates

Keywords

Life360, Form 4, Beneficial Ownership, John Coghlan, Director, Share Transfer, Restricted Stock Units, Donor-Advised Fund, Charitable Giving