Life360, Inc. director Brit Morin filed a Form 4 with the SEC on August 12, 2026, reporting a series of option exercises and a sale of common stock that took place on August 10, 2026, all executed under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Option exercise, first tranche: Morin exercised stock options on 8,021 shares at an exercise price of $2.15 per share on August 10, 2026.
  • Option exercise, second tranche: Morin also exercised options on 1,744 shares at an exercise price of $8.19 per share on the same date.
  • Shares sold: 15,582 shares of common stock were disposed of at $65 per share on August 10, 2026.
  • Resulting ownership: Following all reported transactions, Morin directly held 14,340 shares of common stock, which includes 4,636 restricted stock units.
  • Remaining options: After the exercises, Morin retained 68,173 options at the $2.15 strike price and 6,103 options at the $8.19 strike price, both fully vested and exercisable.
  • Trading plan: All transactions were carried out under a Rule 10b5-1 plan adopted on March 13, 2026.

Details of Morin's Transactions in Life360 Common Stock

According to the filing, Brit Morin, a director of Life360, Inc. (NASDAQ:LIF), conducted three transactions in the company's common stock on August 10, 2026. The first involved the exercise of a stock option covering 8,021 shares at a conversion price of $2.15 per share, designated transaction code M. The second was another option exercise, this time covering 1,744 shares at a conversion price of $8.19 per share, also coded M. Both options were reported as fully vested and exercisable at the time of the transactions.

Following those exercises, the filing reports that Morin disposed of 15,582 shares of common stock at a price of $65 per share, coded S. After all three transactions settled, Morin's direct beneficial ownership in Life360 common stock stood at 14,340 shares, a figure the filing notes includes 4,636 restricted stock units, each representing a contingent right to receive one share upon vesting.

Life360 is a family safety and location-sharing technology company. The filing discloses that all transactions were effected pursuant to a Rule 10b5-1 trading plan that Morin adopted on March 13, 2026, described as "a written, pre-established trading plan that provides for the automatic sale of Company stock pursuant to predetermined criteria." The filing further states that the plan was adopted "at a time when they were not aware of any material nonpublic information about the Company." The Form 4 was signed by Jay Sood as Attorney-in-Fact on August 12, 2026.

What Was Disclosed

The filing records two stock option exercises totaling 9,765 underlying shares and the sale of 15,582 shares of Life360 common stock at $65 per share by director Brit Morin on August 10, 2026, all under a pre-established Rule 10b5-1 plan adopted March 13, 2026.