Life360 announces Share Repurchase Program

• Life360 Board authorizes $225M share repurchase program
• Program aims to offset stock-based compensation dilution
• Repurchases to occur over a multi-year period
• Program reflects confidence in company's model

Life360, Inc., the leading family safety and connection mobile app provider, announced that its Board of Directors has authorized a multi-year share repurchase program of up to $225 million. The program aims to return value to shareholders by minimizing dilution from stock-based instruments. The repurchases will occur over a multi-year period and will be made at prevailing market prices. The timing and amount of repurchases will be determined by management based on market conditions, share price, liquidity, and other factors. The program reflects the Board's confidence in the company's model, disciplined capital allocation, and ability to generate consistent long-term cash flow.

Life360 expects to return up to $225 million to shareholders through the repurchase program.

Life360 remains focused on investing in its platform and growing its global member base, with confidence in its model and ability to generate long-term cash flow.