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Life360, Inc. (ASX: 360, NASDAQ: LIF), the San Francisco Bay Area-based family safety and connection platform, announced that director Chris Hulls executed a stock transaction on NASDAQ on 16 July 2026 under a pre-established Rule 10b5-1 trading plan. The transaction involved exercising stock options and selling shares to cover exercise costs and tax liabilities. This sale was conducted according to a written trading plan adopted in December 2025 when the director held no material non-public information about the company.
Key Points
- Life360, Inc. (ASX:360) is a San Francisco Bay Area-based family safety and connection company with dual listings on NASDAQ and ASX via Chess Depositary Interests.
- Director Chris Hulls executed a stock transaction on 16 July 2026 under a Rule 10b5-1 trading plan adopted on 16 December 2025.
- 27,000 stock options were exercised at USD 2.53 per share, followed by the sale of 14,345 shares at a weighted average price of USD 55.74.
- Shares sold were solely to cover option exercise costs and tax withholding, with remaining net shares retained by the director.
- Post-transaction, the director holds beneficial ownership of 433,899 common shares plus indirect holdings through three family trusts.
Life360's Dual-Listing and Market Footprint
Life360, Inc. leads the family safety and connection technology sector, offering services to diverse families via its mobile app and Tile tracking devices. Its offerings include location sharing, safe driver reports, and crash detection with emergency dispatch. Positioned within the consumer safety and connected device market, Life360 provides real-time connectivity and monitoring tools for family peace of mind.
The company is dual-listed on NASDAQ (ticker: LIF) and the Australian Securities Exchange (ticker: 360), where shares trade as Chess Depositary Interests (CDIs) on a 1:3 conversion ratio. This structure broadens Life360’s access to North American and Australian capital markets, enhancing investor reach and liquidity. Headquartered in the San Francisco Bay Area, Life360 benefits from proximity to a global technology and innovation hub.
Rule 10b5-1 Trading Plans: Structured Insider Transactions
Rule 10b5-1 trading plans enable company insiders to conduct securities transactions compliant with securities laws through pre-established, written plans. Chris Hulls adopted his Rule 10b5-1 plan on 16 December 2025, a time when he possessed no material non-public information about Life360. This timing ensures the plan’s legitimacy by confirming absence of confidential information influencing trading decisions.
Such pre-established plans promote regulatory compliance by separating trading decisions from insider knowledge, providing market transparency and eliminating discretionary trading at execution. This framework allows directors to manage their portfolios while adhering to insider trading regulations.
Details of 16 July 2026 Stock Option Exercise and Share Sale
On 16 July 2026, Chris Hulls exercised 27,000 stock options at an exercise price of USD 2.53 per share. Subsequently, 14,345 shares were sold at a weighted average price of USD 55.74, with individual sale prices ranging from USD 55.46 to USD 56.13 across multiple transactions. The shares sold covered the option exercise price and applicable tax withholding obligations.
The company clarified that shares sold exclusively offset exercise and tax costs, with all remaining net shares retained by the director. This approach is typical in executive compensation, enabling option exercises to self-fund costs and taxes while preserving equity upside. Life360 stated that detailed share sale information by price is available upon request to the issuer, any securityholder, or the SEC.
Director’s Beneficial Ownership After Transaction
Following the transaction, Chris Hulls holds direct beneficial ownership of 433,899 Life360 common shares, including shares underlying Chess Depositary Interests on the ASX converted at 1:3 ratio. Additionally, he holds 134,496 restricted stock units, representing contingent rights to receive shares upon vesting.
Indirectly, Hulls maintains beneficial ownership through three family trusts: the Robin Hulls 2023 Irrevocable Trust, Rose Hulls 2023 Irrevocable Trust, and Mckenzie Hulls 2023 Irrevocable Trust, each holding 195,312 common shares (equivalent to 585,938 CDIs on ASX). These trusts are part of estate planning and wealth management strategies, enabling orderly share succession and management.
Stock Option Vesting and Exercise Conditions
The exercised stock options had an exercise price of USD 2.53 per share, were fully vested and exercisable at the time, and expire on 16 July 2028. The significant difference between the exercise price and the approximately USD 55.74 sale price reflects substantial share price appreciation, highlighting material value creation for the executive.
This gain illustrates the alignment of equity-based compensation with shareholder interests. The director’s decision to exercise and sell shares to cover costs and taxes demonstrates a strategy to realize gains while managing tax and liquidity considerations.
Regulatory Compliance and Insider Trading Disclosures
The transaction was disclosed via a Form 4 filing in compliance with Section 16(a) of the Securities Exchange Act of 1934, which mandates reporting of beneficial ownership changes by officers, directors, and significant shareholders. Life360 emphasized that the NASDAQ stock sales were conducted under the Rule 10b5-1 plan adopted in December 2025, ensuring adherence to insider trading laws.
Russell Burke, Life360’s CFO, authorized the announcement to the ASX to fulfill continuous disclosure obligations. The Form 4 filing, signed on 20 July 2026 by attorney-in-fact Jay Sood, serves as the primary U.S. regulatory disclosure. These dual filings ensure compliance with NASDAQ and ASX requirements, providing consistent, timely insider transaction information to market participants.
Life360’s Service Portfolio and Market Leadership
Life360 offers a leading family safety platform combining its mobile app and Tile tracking devices. Key features include real-time location sharing, safe driver reporting for teen and family drivers, and crash detection with emergency dispatch, enhancing family safety and response times.
This integrated suite positions Life360 at the forefront of mobile connectivity, location technology, and family safety services. The crash detection and emergency dispatch feature is a critical differentiator, addressing urgent safety needs and reinforcing Life360’s competitive advantage in brand recognition, user experience, and network effects.
Investor Relations and Contact Information
Life360 provides dedicated contacts for investor and media inquiries in Australia and the U.S. For Australian investor queries, contact Jolanta Masojada at +61 417 261 367 or [email protected]. For Australian media, Giles Rafferty is available at +61 481 467 903 or [email protected].
U.S.-based investors and media can reach out via [email protected] and [email protected] respectively. Additional company and product information is accessible at life360.com. These communication channels reflect Life360’s commitment to transparency and stakeholder engagement across markets.
