Ethos Technologies president sells 46K shares
Ethos Technologies Inc. president and director Wang Lingke reported a mix of share conversions and sales in Class A and Class B Common Stock.
Rhea-AI Filing Summary
Ethos Technologies Inc. president and director Wang Lingke reported a mix of share conversions and sales in Class A and Class B Common Stock. He converted 69,534 shares of Class B into Class A at a 1:1 ratio and sold a total of 46,349 Class A shares in open-market transactions at weighted average prices around $22 per share. A portion of these sales was used to cover tax withholding on vested restricted stock units. Following these transactions, Wang directly holds 771,690 shares of Class A Common Stock and has additional exposure through Class B shares held by several 2024 trusts and by his spouse, as well as 695,302 RSUs that may settle into Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
12 txns
Insider
Wang Lingke
Role
President
Sold
46,349 shs ($1.02M)
Approx. gross sale proceeds
$1.02M
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 69,534 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 39,495 | $21.99 | $868K |
| Sale | Class A Common Stock | 6,854 | $22.77 | $156K |
| Conversion | Class A Common Stock | 69,534 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,012,813 contracts (Direct);
Class A Common Stock — 695,302 shares (Direct);
Class B Common Stock — 64,043 contracts (Indirect, by spouse);
Class B Common Stock — 2,137,993 contracts (Indirect, by trust)
Footnotes (14)
- F1. Represents shares sold to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs").
- F2. The price reported above reflects the weighted average price of the shares sold. The sale price ranged from $21.66 to $22.64 per share, inclusive. Upon request from the SEC staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F3. Adjusted due to scrivener's error.
- F4. The price reported above reflects the weighted average price of the shares sold. The sale price ranged from $22.695 to $22.88 per share, inclusive. Upon request from the SEC staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F5. Each share of Class A Common Stock was exchanged at a 1:1 ratio for shares of Class B Common Stock.
- F6. Includes 695,302 shares issuable on settlement of RSUs, each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting and may be exchanged at a 1:1 ratio for shares of Class B Common Stock.
- F7. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. The Class B Common Stock has no expiration.
- F8. Shares held by The B 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F9. Shares held by The J 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F10. Shares held by The K 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F11. Shares held by The L 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F12. Shares held by The D 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F13. Shares held by The W 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- F14. Shares held by The X 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 46,349 shares
Conversion amount: 69,534 shares
Sale price 1: $22.77 per share
+5 more
8 metrics
Shares sold
46,349 shares
Total Class A shares sold in open-market transactions on May 15, 2026
Conversion amount
69,534 shares
Class B Common Stock converted into Class A at 1:1 on May 15, 2026
Sale price 1
$22.77 per share
Weighted average price for 6,854 Class A shares sold
Sale price 2
$21.99 per share
Weighted average price for 39,495 Class A shares sold
Direct Class A holdings
771,690 shares
Class A Common Stock directly owned after transactions
RSUs outstanding
695,302 RSUs
RSUs that may settle into Class A Common Stock
Indirect Class B block
388,726 shares
One Class B Common Stock position held indirectly by trust
Net share direction
-46,349 shares
Net buy/sell shares across reported transactions (net-sell)
Key Terms
restricted stock units ("RSUs"), weighted average price, scrivener's error, pecuniary interest, +2 more
6 terms
restricted stock units ("RSUs") financial
"Represents shares sold to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
weighted average price financial
"The price reported above reflects the weighted average price of the shares sold."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
scrivener's error financial
"Adjusted due to scrivener's error."
pecuniary interest financial
"Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein."
Class B Common Stock financial
"Each share of Class A Common Stock was exchanged at a 1:1 ratio for shares of Class B Common Stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
convertible at any time financial
"Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock."
FAQ
What insider transactions did Ethos Technologies (LIFE) president Wang Lingke report?
Wang Lingke reported converting Class B into Class A shares and selling Class A shares. He converted 69,534 Class B shares at a 1:1 ratio, then sold 46,349 Class A shares in open-market trades at weighted average prices around $22 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
