Estate move shifts 51K Ethos (LIFE) shares to director trusts
Rhea-AI Filing Summary
For Ethos Technologies Inc. (LIFE), director Roelof Botha reported an indirect acquisition of 51,735 shares of Class A Common Stock on 2026-08-17, coded as an "other" restructuring transaction. These shares were received by the reporting person's estate planning vehicles in a pro rata in-kind distribution from investment funds in which those vehicles are partners.
After this transaction, Botha’s estate planning vehicles held a total of 312,260 indirect shares, which the company notes includes 260,525 shares that had been transferred to an estate planning vehicle in a transaction exempt from Section 16 under Rule 16a-13. Separately, Botha also held 7,592 shares directly, including shares issuable upon settlement of restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 51,735 shares
Net Buy
2 txns
Insider
BOTHA ROELOF
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1, F2 | 51,735 | $0.00 | $0.00 |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 312,260 shares (Indirect, By estate planning vehicles);
Class A Common Stock — 7,592 shares (Direct)
Footnotes (3)
- F1. These shares were received as part of a pro rata in-kind distribution to the partners of investment funds in which the reporting person's estate planning vehicles are partners.
- F2. Includes 260,525 shares transferred to an estate planning vehicle in a transaction exempt from Section 16 pursuant to Rule 16a-13.
- F3. Includes shares issuable on settlement of restricted stock units.
Key Figures
Indirect shares acquired: 51,735 shares
Indirect holdings after transaction: 312,260 shares
Shares in exempt transfer: 260,525 shares
+2 more
5 metrics
Indirect shares acquired
51,735 shares
Class A Common Stock received on 2026-08-17 via pro rata in-kind distribution
Indirect holdings after transaction
312,260 shares
Total Class A Common Stock held indirectly by estate planning vehicles after 2026-08-17
Shares in exempt transfer
260,525 shares
Included within indirect holdings, transferred to an estate planning vehicle under Rule 16a-13
Direct holdings after transaction
7,592 shares
Class A Common Stock held directly, including shares issuable on settlement of RSUs
Restructuring shares
51,735 shares
Shares counted as restructuring-related in transaction summary
Key Terms
pro rata in-kind distribution, estate planning vehicles, restricted stock units, Section 16, +1 more
5 terms
pro rata in-kind distribution financial
"These shares were received as part of a pro rata in-kind distribution"
estate planning vehicles financial
"nature_of_ownership": "By estate planning vehicles"
restricted stock units financial
"Includes shares issuable on settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16 regulatory
"transaction exempt from Section 16 pursuant to Rule 16a-13"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-13 regulatory
"exempt from Section 16 pursuant to Rule 16a-13"
FAQ
What transaction did Roelof Botha report in this Form 4 for LIFE?
Roelof Botha reported an indirect acquisition of 51,735 Class A shares of Ethos Technologies Inc. (LIFE) on 2026-08-17. The shares were received by estate planning vehicles through a pro rata in-kind distribution from investment funds in which those vehicles are partners.
What does the transaction code J mean in Roelof Botha’s LIFE Form 4?
Transaction code J indicates an “other” acquisition or disposition, often used for restructurings. Here, it reflects a pro rata in-kind distribution of 51,735 shares to estate planning vehicles, not an open-market purchase or sale of Ethos Technologies (LIFE) stock.
Are any of Roelof Botha’s LIFE holdings tied to restricted stock units?
Yes. The direct holding of 7,592 shares in Ethos Technologies Inc. includes shares issuable on settlement of restricted stock units. This means part of the reported position consists of RSU-based shares that will be delivered upon settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
