Ethos Technologies (NASDAQ: LIFE) sees Sequoia convert 1.8M shares
Rhea-AI Filing Summary
Ethos Technologies Inc. (ticker LIFE) reported that entities affiliated with Sequoia Capital converted an aggregate 1,778,626 shares of Class B Common Stock into the same number of Class A Common Stock on August 17, 2026, at a stated price of $0.00 per share, on a one-for-one basis. On the same date, those Class A shares were distributed as pro rata in-kind distributions by the Sequoia funds to their partners or members for no consideration. The positions are held indirectly through Sequoia-managed funds, and certain general partners may be deemed to share voting and dispositive power but disclaim beneficial ownership except to the extent of their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,778,626 shares exercised/converted
Exercise
15 txns
Insider
SC US (TTGP), LTD., SC U.S. Venture XV Management, L.P., SEQUOIA CAPITAL U.S. VENTURE FUND XV, L.P., SEQUOIA CAPITAL U.S. VENTURE PARTNERS FUND XV (Q), L.P., SEQUOIA CAPITAL U.S. VENTURE PARTNERS FUND XV, L.P., SEQUOIA CAPITAL U.S. VENTURE XV PRINCIPALS FUND, L.P., SC U.S. Growth VIII Management, L.P., Sequoia Capital U.S. Growth Fund VIII, L.P.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1, F3, F4 | 1,204,092 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F3, F4 | 50,699 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F3, F4 | 18,231 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F3, F4 | 185,742 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F3, F4 | 319,862 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F3, F4 | 1,204,092 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F3, F4 | 50,699 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F3, F4 | 18,231 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F3, F4 | 185,742 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F3, F4 | 319,862 | $0.00 | $0.00 |
| Other | Class A Common Stock F2, F3, F4 | 1,204,092 | $0.00 | $0.00 |
| Other | Class A Common Stock F2, F3, F4 | 50,699 | $0.00 | $0.00 |
| Other | Class A Common Stock F2, F3, F4 | 18,231 | $0.00 | $0.00 |
| Other | Class A Common Stock F2, F3, F4 | 185,742 | $0.00 | $0.00 |
| Other | Class A Common Stock F2, F3, F4 | 319,862 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 6,823,189 shares (Indirect, Sequoia Capital U.S. Venture Fund XV, L.P.);
Class B Common Stock — 287,297 shares (Indirect, Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.);
Class B Common Stock — 103,310 shares (Indirect, Sequoia Capital U.S. Venture Partners Fund XV, L.P.);
Class B Common Stock — 1,052,540 shares (Indirect, Sequoia Capital U.S. Venture XV Principals Fund, L.P.);
Class B Common Stock — 1,812,546 shares (Indirect, Sequoia Capital U.S. Growth Fund VIII, L.P.);
Class A Common Stock — 0 shares (Indirect, Sequoia Capital U.S. Venture Fund XV, L.P.);
Class A Common Stock — 0 shares (Indirect, Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.);
Class A Common Stock — 0 shares (Indirect, Sequoia Capital U.S. Venture Partners Fund XV, L.P.);
Class A Common Stock — 0 shares (Indirect, Sequoia Capital U.S. Venture XV Principals Fund, L.P.);
Class A Common Stock — 0 shares (Indirect, Sequoia Capital U.S. Growth Fund VIII, L.P.)
Footnotes (4)
- F1. The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the option of the holder thereof and has no expiration date.
- F2. Represents a pro rata in-kind distribution of shares of Class A Common Stock of the Issuer to partners or members for no consideration and includes subsequent pro rata in-kind distributions by general partners or managing members to their respective partners or members for no consideration.
- F3. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. (GFVIII), and (ii) the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P., and Sequoia Capital U.S. Venture XV Principals Fund, L.P. (collectively, the XV Funds).
- F4. [continued from Footnote 2] As a result, SC US (TTGP), Ltd. may be deemed to share voting and dispositive power with respect to the shares held by GFVIII and the XV Funds. Each of SC US (TTGP), Ltd., SC U.S. Growth VIII Management, L.P. and SC U.S. Venture XV Management, L.P. disclaims beneficial ownership of the shares held by GFVIII and the XV Funds, as applicable, except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Key Figures
Total Class B shares converted: 1,778,626 shares
Class A shares received by Sequoia Capital U.S. Venture Fund XV, L.P.: 1,204,092 shares
Class A shares received by Sequoia Capital U.S. Growth Fund VIII, L.P.: 319,862 shares
+5 more
8 metrics
Total Class B shares converted
1,778,626 shares
Aggregate Class B Common Stock converted into Class A on August 17, 2026
Class A shares received by Sequoia Capital U.S. Venture Fund XV, L.P.
1,204,092 shares
Class A Common Stock acquired upon conversion of Class B on August 17, 2026
Class A shares received by Sequoia Capital U.S. Growth Fund VIII, L.P.
319,862 shares
Class A Common Stock acquired upon conversion of Class B on August 17, 2026
Class A shares received by Sequoia Capital U.S. Venture XV Principals Fund, L.P.
185,742 shares
Class A Common Stock acquired upon conversion of Class B on August 17, 2026
Class A shares received by Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.
50,699 shares
Class A Common Stock acquired upon conversion of Class B on August 17, 2026
Class A shares received by Sequoia Capital U.S. Venture Partners Fund XV, L.P.
18,231 shares
Class A Common Stock acquired upon conversion of Class B on August 17, 2026
Class B holding after conversion for Sequoia Capital U.S. Venture Fund XV, L.P.
6,823,189 shares
Class B Common Stock reported as held indirectly following the transaction
Class B holding after conversion for Sequoia Capital U.S. Growth Fund VIII, L.P.
1,812,546 shares
Class B Common Stock reported as held indirectly following the transaction
Key Terms
pro rata in-kind distribution, dispositive power, pecuniary interest, beneficial ownership, +1 more
5 terms
pro rata in-kind distribution financial
"Represents a pro rata in-kind distribution of shares of Class A Common Stock"
dispositive power financial
"may be deemed to share voting and dispositive power with respect to the shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interest financial
"disclaims beneficial ownership of the shares ... except to the extent of its pecuniary interest"
beneficial ownership financial
"disclaims beneficial ownership of the reported securities for purposes of Section 16"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
convertible financial
"Class B Common Stock is convertible into the Issuer's Class A Common Stock"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What did the Sequoia-affiliated holders report in this Form 4 for LIFE?
They reported converting 1,778,626 Class B shares of Ethos Technologies Inc. into the same number of Class A shares and then making pro rata in-kind distributions of those Class A shares to their partners or members, all on August 17, 2026, for no consideration.
Were there any open-market purchases or sales of LIFE stock in this Form 4?
No open-market purchases or sales were reported. The filing shows conversions of Class B into Class A Common Stock and pro rata in-kind distributions of Class A shares to fund partners for no consideration, rather than market transactions at a trading price.
What is the conversion feature of Ethos Technologies (LIFE) Class B Common Stock?
Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder and has no expiration date. This feature allowed the Sequoia funds to convert their Class B holdings into Class A shares reported in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
