Thank you for joining this Life360 conference call. This is Jolanta Masojada, and I head up Investor Relations for Life360. This call is being conducted as a Zoom audio webinar. All participants will be in a listen-only mode until the Q&A. When we come to the Q&A, please raise your hand by pressing the Raise Hand icon at the bottom center of your screen, and your line will be unmuted in turn. Participants who have joined by telephone will be in a listen-only mode throughout. Just a reminder that we'll make forward-looking statements regarding future events, which are subject to material risks and uncertainties. Some of these risks have been set forth in the risk factors in our filings with the ASX and SEC. These forward-looking statements are based on assumptions that we believe to be reasonable as of today, and we have no obligation to update these statements as a result of new information or future events. We'll begin today's call with some brief opening remarks from Co-founder and CEO, Chris Hulls, after which we will open up for Q&A. I would now like to turn the call over to Chris. Hello, all. I'm gonna start with reading from the script, given this is a more official release, and then, I will have a Q&A, as Jolanta mentioned, where I can be just a bit more informal. I'm gonna start by largely repeating what was in the announcement. Good morning, everyone, and thanks for joining this call at short notice. You'll have seen our announcement to the ASX this morning that I've sold a small percentage of my Life360 shares with a value of approximately AUD 4 million. I'd like to provide some background on this decision and provide the opportunity for any questions you may have. This sale has been undertaken to cover personal tax obligations that are related to my previously disclosed share buyback loans and this transaction. The taxes are due beginning in January 2024, and therefore, this is the last trading window for me to sell to fund these obligations. The overwhelming majority of my assets are in shares of Life360, and therefore, this is my primary means of covering the tax liability. While I do not have any other major liabilities coming due, I plan to slowly diversify my holdings over the next five years in line with U.S. market norms, where founders with a significant concentration in their companies regularly implement conservative diversification plans. After this five-year period, I still expect the majority of my net worth will remain in Life360 shares. I am discussing a process with the company to provide market visibility into any future transactions while also complying with ASX and SEC regulations. In coming weeks, I will also be transferring additional shares into trust for family members, which will appear as a change in my holdings, however, will not result in any additional tax liabilities or share sales. That concludes my prepared remarks, and I'll now turn the call over to Melissa, who will manage the Q&A portion of our call. Thanks, Chris. As a reminder, to participate in the Q&A, please raise your hand by pressing the Raise Hand icon at the bottom of your screen within the Zoom app. You'll need to unmute yourself to ask your question. Also, once unmuted, please tell us your full name and what company you're calling from. Looking through the list now, I don't see any raised hands. Here we go. Adding Chris. Chris Gawler. Yeah. Good morning, Chris. Can you hear me okay? I can. Beautiful. Yes, so sorry, just, Chris Gawler from Goldman Sachs here. Yeah, thanks for hosting the call this morning. I mean, it's pretty straightforward. I just had a couple of sort of follow-up questions. Yep. I just wanted to get a sense for over this, you know, potential five-year transition period where you might be selling down some more shares. Are you able to give us a sense at this stage for, you know, the amount that you plan to, you know, you plan to sell down? Yeah, I don't have firm plans. In general, I've tried to build a reputation in the market of being as transparent as possible and avoiding surprises. And we knew with this, an obvious question would be: What's coming next? So this is a meta point. You know, I'll get a little bit into personal territory. I turned 40 this year. This is my 16th year at the company, even longer if you kind of look at when I first had the idea in school. I've had a number of, you know, family members getting later in life, getting sick, and a few people passing away, and so it is a just a natural time for me to say, "Hey, I, I do have..." This is not scientific or legalistic answer, but about 85% of my net worth in Life360 and 95% of my liquid net worth, where simple prudence would say that is very strong exposure. But when I hit 45, which is about five years from now, I'll have over 20 years in this. I would like to feel diversified. There's no immediate plan. I would probably not have sold anything this time around at the share price if it were not for this tax liability, which I have coming up in literally just a few weeks. But I just did want to be open that over that much longer period of time, I would like some diversification, but I don't have further plans. I did make a note that my expectation, obviously things change over many, many years, is that even after five years, the majority of my net worth I still expect to be in Life360 holdings. Yeah, sure. Gotcha. And I suppose the next question that sort of follows on from that commentary, Chris, that the people are probably thinking was just, you know, just around your plans in general. As you know, obviously, Founder and CEO of the company, does this have any sort of implications for that going forward? No, this is literally the IRS says I owe them money, and at least in America, we have the cliché of nothing more certain than death and taxes. I actually thought I had a few more months to pay this thing, but my accountants told me that the state portion is due January 15th. So it is as simple as timelines and tax realities. ... And And then I guess just one final question. Does this sort of change your thinking and the company's thinking around, like, comp going forward and the split between cash and shares? Again, in this one, it was—this is purely largely procedural thing around taxes. We have been trying to think, unrelated to me more fully and more about how we're hiring over future years, is how do we come up with an equity plan that the market is excited about? Market norms are different between the U.S. and Australia. I'm—we are discussing how we do new plans there. I'm a bit reticent to kinda give any specifics without Russell on the line. But suffice to say that we really are listening to the market and trying to figure out how to incentivize people for the long term and give clarity and certainty to everyone in the investor community. Of course, as everybody knows, we continue to reiterate our plan for statutory EBITDA breakeven in 2025, and we are going to have a call tomorrow, which is more about just a bit of that reiteration on strategy and, being able to answer some follow-up questions that came, post-earnings. Yep. Sure. Thanks, Chris. I'll look at that. As of right now, I don't see any additional raised hands. As there are more... no more questions, I will hand it back over to Chris. Well, I do not have too much beyond this. As I just mentioned, there is another call tomorrow. I think that I will be able to talk a little bit more about the strategy. We'll have Russell on that. But thank you everyone for your time.