Wiadrowski David 4

What Happened
David Wiadrowski, a director of Life360 (LIF), exercised stock options on March 13, 2026 and sold some shares. He exercised a total of 21,310 option shares (13,850 at $13.35 — $184,898; and 7,460 at $8.19 — $61,097). He sold 5,957 shares in the open market at a weighted-average price of $41.34, generating proceeds of $246,262. The filing indicates the exercise was done on a cashless basis and the market sale was used solely to cover the option exercise cost.

Key Details

• Transaction date: March 13, 2026 (Form filed March 17, 2026).
• Option exercises (code M): 13,850 shares @ $13.35 (acquired, $184,898) and 7,460 shares @ $8.19 (acquired, $61,097).
• Sales (code S): 5,957 shares sold in the open market at a weighted-average price of $41.34 (proceeds $246,262). Reported sale prices ranged $41.27–$41.455 per share.
• Additional disposals at $0 reflect shares surrendered in the cashless exercise (derivative disposition).
• Filing notes: F1 — cashless exercise; F3 — shares sold solely to cover exercise cost; F4 — weighted-average sale price and per-share range; F5 — the options were fully vested and exercisable; F2 — filing references 738 restricted stock units (contingent shares).
• Shares owned after the transaction are not specified in the provided extract.

Context

• This was an option exercise with a cashless/covering sale rather than a straightforward purchase. Cashless exercises often involve surrendering or selling enough shares to cover exercise price and taxes; here the open-market sale was identified as covering the exercise cost.
• The sale to cover exercise costs is generally considered routine and does not necessarily signal bullish or bearish views by the insider.
• The Form 4 was filed four days after the reported transactions (filed Mar 17 for Mar 13 trades); Form 4s are typically due within two business days, so reviewers may note the filing timing.