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Life360 Inc

For the period ended Sep 30, 2024. Filed Nov 12, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 12, 2024

LIF$45.02-5.0%Stored close · as of Nov 9, 2026

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Item 5. Other Information

(a) Hubble Transactions

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. 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.

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. 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. The Company will file the Hubble Agreement with its Annual Report on Form 10-K for the year ending December 31, 2024.

(b) None

(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. 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:

NameTitleActionAdoption DateExpiration DateTotal number of securities to be sold
Russell BurkeChief Financial OfficerAdoption9/6/20247/28/2025Up to 49,590 shares
Chris HullsChief Executive OfficerAdoption9/12/20248/31/2025Up to 219,000 shares

No other Section 16 Officers or directors adopted and/orterminated 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.

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