Other Information
−Removed: (a) Hubble Transactions
−Removed: On November 12, 2024 (the “Effective Date”), the Company entered into a series of transactions with Hubble, including (i) a technology exclusivity and revenue sharing agreement (the “Hubble Agreement”), (ii) a $5 million SAFE investment by the Company into Hubble, and (iii) Hubble’s issuance of a warrant to the Company to purchase Hubble common stock.
−Removed: The Hubble transactions are subject to Hubble shareholder approval and the Hubble Agreement has an initial term of 5 years beginning on the Effective Date.
−Removed: Pursuant to the Hubble Agreement, Hubble agreed to collaborate with the Company to establish inter-connectivity of the Company’s Bluetooth low energy finder network and scanning technology with Hubble’s satellite network.
−Removed: The parties agreed to defined cross-exclusivity covenants, such that the Company’s Tile hardware will be the sole consumer devices used to track people, pets and personal objects on Hubble’s satellite network, and, subject to the Company receiving minimum revenue, the Company will place certain limitations on the ability for certain enterprise accounts to access its network.
−Removed: The Company will file the Hubble Agreement with its Annual Report on Form 10-K for the year ending December 31, 2024.
(c) Rule 10b5-1 Trading Plans
Our officers, as defined in Rule 16a-1(f) of the Exchange Act (“Section 16 Officers”), may from time to time enter into plans for the purchase or sale of our common stock that are intended to satisfy the affirmative defense in Rule 10b5-1(c) of the Exchange Act.
−Removed: During the three months ended September 30, 2024, the following Section 16 Officers adopted a “Rule 10b5-1 trading arrangement” as defined in Item 408 of Regulation S-K of the Exchange Act:
+Added: During the three months ended March 31, 2025, the following Section 16 Officers adopted a “Rule 10b5-1 trading arrangement” as defined in Item 408 of Regulation S-K of the Exchange Act:
Adoption Date
1 unchanged sentence
Total number of securities to be sold
−Removed: Russell Burke
−Removed: Chief Financial Officer
−Removed: Adoption 9/6/2024 7/28/2025 Up to 49,590 shares
−Removed: Chief Executive Officer
−Removed: Adoption 9/12/2024 8/31/2025 Up to 219,000 shares
−Removed: No other Section 16 Officers or directors adopted and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K of the Exchange Act, during the three months ended September 30, 2024.
+Added: Charles (CJ) Prober
+Added: 3/14/2025 11/30/2026 Up to 142,752 shares
+Added: 3/17/2025 3/16/2026 Up to 48,032 shares
+Added: No other Section 16 Officers or directors adopted and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K of the Exchange Act, during the three months ended March 31, 2025.
+Added: Departure of Named Executive Officer
+Added: On May 9, 2025, the Company and Susan Stick, the Company’s General Counsel and Corporate Secretary, mutually determined that, effective as of June 2, 2025, Ms.
+Added: Stick would no longer serve in her roles as the Company’s General Counsel and Corporate Secretary.
+Added: In connection with her separation and subject to Ms.
+Added: Stick’s execution and non-revocation of a release of claims in favor of the Company, Ms.
+Added: Stick will receive (i) severance payments equal to $187,500, representing six (6) months of her base salary, and $84,375, representing an amount equal to six-months of her 2025 target annual bonus, and (ii) up to six-months of reimbursements for continued coverage under the Company’s health plans.
+Added: In addition, in order to facilitate an orderly transition of her duties, Ms.
+Added: Stick will serve as a consultant to the Company through June 2, 2026, with her outstanding restricted stock units to continue to vest during the term of Ms.
+Added: Stick’s service as a consultant.
Incorporated by Reference
4 unchanged sentences
3.2 Amended and Restated Bylaws of the Company
−Removed: J abil Manufac t ur ing S e rvice s Agreement
31.1 Chief Executive Officer Certification Pursuant to Rule 13a-14(a) of the Exchange Act.
12 unchanged sentences
LIFE360, INC.
−Removed: November 12, 2024
/s/ Chris Hulls
1 unchanged sentence
(Principal Executive Officer)
−Removed: November 12, 2024
/s/ Russell Burke
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.