Alphabet (LIFE investor) offloads 147K Ethos Technologies shares via GV entities
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alphabet Holdings LLC, an affiliate of Alphabet Inc., reported open-market sales of Ethos Technologies Inc. Class A Common Stock held indirectly through GV funds. On May 14–15, it sold a total of 147,552 shares at weighted average prices between about $23 and $24 per share.
The filing also shows related pro rata in-kind distributions for no consideration between Alphabet Holdings LLC and GV 2019, L.P., classified as other transactions. After these moves, GV 2019, L.P. is shown holding 3,050,697 shares and GV 2021, L.P. holding 571,907 shares of Ethos Technologies Inc., all as indirect positions tied to Alphabet’s investment structure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 147,552 shares ($3,459,809)
Net Sell
6 txns
Insider
GV 2019 GP, L.L.C., GV 2019 GP, L.P., GV 2019, L.P., GV 2021 GP, L.L.C., GV 2021 GP, L.P., GV 2021, L.P., Alphabet Inc.
Role
null | null | null | null | null | null | null
Sold
147,552 shs ($3.46M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 87,475 | $0.00 | -- |
| Sale | Class A Common Stock | 45,410 | $23.2691 | $1.06M |
| Sale | Class A Common Stock | 42,065 | $24.2679 | $1.02M |
| Other | Class A Common Stock | 60,077 | $0.00 | -- |
| Sale | Class A Common Stock | 60,077 | $23.0093 | $1.38M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,050,697 shares (Indirect, By GV 2019, L.P.)
Footnotes (1)
- The reported transaction represents a pro rata in-kind distribution, for no consideration, by the GV 2019, L.P. ("2019 Partnership") to its partners, which resulted in all of the securities reported in Column 4 of this row being distributed to the direct ownership of the 2019 Partnership's affiliate, Alphabet Holdings LLC ("Alphabet Holdings"). The aforementioned distribution was made in accordance with the exemptions afforded pursuant to Rules 16a-13 and/or 16a-9 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The securities reported in this row are directly beneficially owned by the 2019 Partnership. GV 2019 GP, L.P. (the "2019 GP") is the general partner of the 2019 Partnership. GV 2019 GP, L.L.C. ("GV 2019 LLC") is the general partner of the 2019 GP. Alphabet Holdings is the sole member of GV 2019 LLC. XXVI Holdings Inc. ("XXVI") is the sole member of Alphabet Holdings. Alphabet Inc. is the controlling stockholder of XXVI. Each of the 2019 GP, GV 2019 LLC, Alphabet Holdings, XXVI and Alphabet Inc. may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Exchange Act) the securities directly beneficially owned by the 2019 Partnership. Each of the 2019 GP, GV 2019 LLC, Alphabet Holdings, XXVI, and Alphabet Inc. disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.81 to $23.42, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote and in footnotes 5 and 6 of this Form 4. The securities reported in this row were directly beneficially owned by Alphabet Holdings at the time of sale. The sole member of Alphabet Holdings is XXVI. The controlling stockholder of XXVI is Alphabet Inc. Each of XXVI and Alphabet Inc. may be deemed to indirectly beneficially own (as the term is defined in Rule 13d-3 of the Exchange Act) securities directly beneficially owned by Alphabet Holdings. Each of the aforementioned entities disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.83 to $23.81 per share, inclusive. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.835 to $24.74 per share, inclusive. The securities reported in this row are directly beneficially owned by GV 2021, L.P. (the "2021 Partnership"). GV 2021 GP, L.P. (the "2021 GP") is the general partner of the 2021 Partnership. GV 2021 GP, L.L.C. ("GV 2021 LLC") is the general partner of the 2021 GP. Alphabet Holdings is the sole member of GV 2021 LLC. XXVI is the sole member of Alphabet Holdings. Alphabet Inc. is the controlling stockholder of XXVI. Each of the 2021 GP, GV 2021 LLC, Alphabet Holdings, XXVI and Alphabet Inc. may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Exchange Act) the securities directly beneficially owned by the 2021 Partnership. Each of the 2021 GP, GV 2021 LLC, Alphabet Holdings, XXVI, and Alphabet Inc. disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
Key Figures
Total shares sold: 147,552 shares
Sale price 1: $23.0093 per share
Sale price 2: $23.2691 per share
+3 more
6 metrics
Total shares sold
147,552 shares
Open-market sales of Class A Common Stock on May 14–15
Sale price 1
$23.0093 per share
Weighted average price for 60,077-share sale on May 14
Sale price 2
$23.2691 per share
Weighted average price for 45,410-share sale on May 15
Sale price 3
$24.2679 per share
Weighted average price for 42,065-share sale on May 15
GV 2019, L.P. holdings
3,050,697 shares
Class A Common Stock held indirectly after J-code distributions
GV 2021, L.P. holdings
571,907 shares
Indirect holdings of Class A Common Stock as of May 14
Key Terms
pro rata in-kind distribution, weighted average price, indirectly beneficially own, pecuniary interest, +1 more
5 terms
pro rata in-kind distribution financial
"The reported transaction represents a pro rata in-kind distribution, for no consideration, by the GV 2019, L.P."
weighted average price financial
"The price reported in Column 4 is a weighted average price."
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.
indirectly beneficially own regulatory
"may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 of the Exchange Act)"
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein."
Rules 16a-13 and 16a-9 regulatory
"in accordance with the exemptions afforded pursuant to Rules 16a-13 and/or 16a-9 promulgated under the Securities Exchange Act"
FAQ
What insider transactions did Alphabet-affiliated entities report in Ethos Technologies (LIFE)?
Alphabet Holdings LLC reported selling 147,552 shares of Ethos Technologies Class A Common Stock in open-market transactions. These sales occurred on May 14–15 at weighted average prices in the low-to-mid $20s, alongside internal in-kind distributions among affiliated GV funds.
What are the ‘other’ transactions reported in the Ethos Technologies (LIFE) Form 4?
The filing labels certain entries with code J as “other transactions,” describing pro rata in-kind distributions for no consideration. These involve GV 2019, L.P. and Alphabet Holdings LLC and are characterized as internal transfers under Exchange Act Rules 16a-13 and 16a-9.
Does Alphabet Inc. claim full beneficial ownership of its Ethos Technologies (LIFE) holdings?
The footnotes state Alphabet Inc. and intermediate entities may be deemed to indirectly beneficially own securities held by GV partnerships, but each disclaims beneficial ownership except to the extent of its pecuniary interest. This limits how much ownership they attribute to themselves economically.