Life360 Inc. (ASX: 360) experienced a 6.2% drop in its share price to AU$21.34 after co-founder and CEO Chris Hulls sold over 1% of his equity in the company. The decision by Hulls to reduce his shareholding appears to have triggered investor concerns, leading to a more than 5% decline in the family safety app developer’s stock value. The sell-off reflects a notable shift in Hulls' ownership stake, which may influence market sentiment about the company's future.
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