Hulls Chris 4

What Happened

• Chris Hulls, a director of Life360, exercised options/converted a derivative to acquire 27,000 shares at $8.19 per share (cost $221,130) on March 19, 2026. On the same date, Hulls sold 15,133 shares in an open‑market transaction for a weighted average price of $39.43, netting approximately $596,694.
• The filing also shows a matching derivative disposition of 27,000 shares at $0.00, which in practice typically reflects shares surrendered/withheld in connection with the exercise (e.g., to cover taxes or exercise costs).

Key Details

• Transaction date: March 19, 2026.
• Exercise/acquired: 27,000 shares at $8.19 (total $221,130).
• Surrender/derivative disposed: 27,000 shares at $0.00 (reported as a derivative disposition).
• Sale: 15,133 shares sold at a weighted average $39.43, total proceeds about $596,694. (Sale prices ranged $39.23–$39.71 per share; weighted average reported.)
• Sale conducted under a pre-established Rule 10b5‑1 trading plan adopted Dec 16, 2025 (per footnote); the plan was adopted when the reporting person said they were not aware of material nonpublic information.
• Shares owned after the transactions are not specified in the excerpt provided; consult the full Form 4 for aggregate holdings and any additional footnotes.

Context

• This is a mixed transaction: an option exercise (acquisition) combined with an open‑market sale. Sales under a Rule 10b5‑1 plan are typically automatic and pre‑planned rather than ad hoc decisions about company prospects.
• The reported $0.00 derivative disposition likely reflects shares withheld or surrendered to cover exercise costs or taxes (common in net/withholding option exercises), not a cash sale.
• The Form 4 was filed on March 23, 2026 for transactions dated March 19, 2026; that filing timing is consistent with the usual Form 4 requirement (filed within two business days).