Form 4: Life360 Executive Settles Tax Obligations with Share Withholding

Susan L. Stick, General Counsel of Life360, Inc., had shares withheld by the issuer to cover income tax obligations related to vesting restricted stock units.

Summary

• On June 20, 2024, Life360 withheld 403 shares of common stock from Susan L. Stick, the General Counsel, to cover income tax obligations.
• The shares were withheld at a price of $31.25 per share.
• Following the transaction, Ms. Stick beneficially owns 112,250 shares, including common stock, underlying Chess Depositary Interests (CDIs), and restricted stock units.
• The CDIs are traded on the Australian Securities Exchange (ASX).
• Ms. Stick also holds 111,522 restricted stock units, each representing a contingent right to receive one share of Life360's common stock upon vesting.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it reports a routine transaction related to tax obligations. It doesn't indicate any positive or negative developments for the company.

Industry Context

This is a routine filing related to insider transactions, specifically the withholding of shares to cover tax obligations upon the vesting of restricted stock units. It's a common practice among publicly traded companies.

Key Dates