Ethos Technologies (LIFE) president sells 118K shares in 10b5-1 plan
Rhea-AI Filing Summary
Ethos Technologies Inc. (LIFE) president and director Wang Lingke reported a conversion and sale of shares. On August 20, 2026, he converted 83,197 shares of Class B Common Stock into Class A and then sold an aggregate of 118,333 Class A shares in open-market transactions under a Rule 10b5-1 trading plan. Following the conversion, he held 3,929,616 Class B shares directly, plus additional Class B shares held indirectly by a spouse and several 2024 trusts, each convertible into Class A on a one-for-one basis with no expiration.
Positive
- None.
Negative
- None.
Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
Wang Lingke
Role
President
Sold
118,333 shs ($3.94M)
Approx. gross sale proceeds
$3.94M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1 | 83,197 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 83,197 | -- | -- |
| Sale | Class A Common Stock F3, F4, F2 | 32,309 | $32.63 | $1.05M |
| Sale | Class A Common Stock F3, F5, F2 | 80,012 | $33.51 | $2.68M |
| Sale | Class A Common Stock F3, F6, F2 | 6,012 | $33.98 | $204K |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F1, F7 | -- | -- | -- |
| holding | Class B Common Stock F1, F8 | -- | -- | -- |
| holding | Class B Common Stock F1, F9 | -- | -- | -- |
| holding | Class B Common Stock F1, F10 | -- | -- | -- |
| holding | Class B Common Stock F1, F11 | -- | -- | -- |
| holding | Class B Common Stock F1, F12 | -- | -- | -- |
| holding | Class B Common Stock F1, F13 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,929,616 shares (Direct);
Class A Common Stock — 1,537,543 shares (Direct);
Class B Common Stock — 64,043 shares (Indirect, By spouse);
Class B Common Stock — 2,137,993 shares (Indirect, By trust)
Footnotes (13)
- F1. 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.
- F2. Includes shares issuable on settlement of restricted stock units.
- F3. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2026, and occurred pursuant to the pre-established terms of such plan rather than as a result of a discretionary decision by the Reporting Person to sell shares at that time.
- F4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.8475 to $32.8450 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.855 to $33.84 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.88 to $34.11 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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.
- F12. 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.
- F13. 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
Class B shares converted: 83,197 shares
Class A shares sold: 118,333 shares
Sale price block 1: $32.63 per share
+5 more
8 metrics
Class B shares converted
83,197 shares
Class B Common Stock converted into Class A Common Stock on August 20, 2026
Class A shares sold
118,333 shares
Total Class A Common Stock sold in open-market transactions on August 20, 2026
Sale price block 1
$32.63 per share
Weighted average price for 32,309 Class A shares sold, with trades from $31.8475 to $32.8450
Sale price block 2
$33.51 per share
Weighted average price for 80,012 Class A shares sold, with trades from $32.855 to $33.84
Sale price block 3
$33.98 per share
Weighted average price for 6,012 Class A shares sold, with trades from $33.88 to $34.11
Direct Class B holdings
3,929,616 shares
Class B Common Stock held directly by Wang Lingke after the reported conversion
Indirect spouse holdings
64,043 shares
Class B Common Stock held indirectly, by spouse, each convertible into one Class A share
Largest trust holding
388,726 shares
Class B Common Stock held by The B 2024 Trust, with Wang disclaiming beneficial ownership except for pecuniary interest
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was made pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported is a weighted average price. These shares were 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.
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.
pecuniary interest financial
"disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest"
beneficial ownership regulatory
"Mr. Wang disclaims beneficial ownership of the shares held by the trust"
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.
FAQ
What did Wang Lingke report in this Form 4 for LIFE?
Wang Lingke reported converting 83,197 Class B shares into Class A Common Stock of LIFE and selling a total of 118,333 Class A shares on August 20, 2026, in open-market transactions executed under a pre-established Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
