Sequoia funds trim Ethos Technologies (LIFE) stake while keeping over 10M convertible shares
Rhea-AI Filing Summary
For Ethos Technologies Inc. (LIFE), investment entities associated with Sequoia Capital reported conversions of Class B Common Stock into Class A and related sales on August 19–20, 2026. Scout fund entities Nalrena, L.L.C. and Spelunker Channel Holdings, LLC converted and then sold an aggregate 142,616 Class A shares at weighted average prices between $31.8450 and $34.1961 per share. The Class B shares are convertible into Class A on a one-for-one basis with no expiration. Separately, Sequoia-managed funds reported indirect holdings of Class B convertible into an aggregate of over 10 million Class A shares, while disclaiming beneficial ownership beyond their pecuniary interests. The Rule 10b5-1 trading plan checkbox was not marked.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1, F2, F3 | 59,897 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F2, F3 | 47,898 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2, F3 | 59,897 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2, F3 | 47,898 | $0.00 | $0.00 |
| Sale | Class A Common Stock F5, F2, F3 | 19,924 | $32.522 | $648K |
| Sale | Class A Common Stock F5, F2, F3 | 15,933 | $32.522 | $518K |
| Sale | Class A Common Stock F6, F2, F3 | 37,250 | $33.3745 | $1.24M |
| Sale | Class A Common Stock F6, F2, F3 | 29,788 | $33.3745 | $994K |
| Sale | Class A Common Stock F7, F2, F3 | 2,723 | $34.0517 | $93K |
| Sale | Class A Common Stock F7, F2, F3 | 2,177 | $34.0517 | $74K |
| Conversion | Class B Common Stock F1, F2, F3 | 19,349 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F2, F3 | 15,472 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2, F3 | 19,349 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2, F3 | 15,472 | $0.00 | $0.00 |
| Sale | Class A Common Stock F4, F2, F3 | 19,349 | $32.8215 | $635K |
| Sale | Class A Common Stock F4, F2, F3 | 15,472 | $32.8215 | $508K |
| holding | Class B Common Stock F1, F8, F9 | -- | -- | -- |
| holding | Class B Common Stock F1, F8, F9 | -- | -- | -- |
| holding | Class B Common Stock F1, F8, F9 | -- | -- | -- |
| holding | Class B Common Stock F1, F8, F9 | -- | -- | -- |
| holding | Class B Common Stock F1, F8, F9 | -- | -- | -- |
Footnotes (9)
- 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. SC US SSF 2013 (TTGP), L.L.C. is the general partner of SC U.S. Scout Seed Fund 2013 Management, L.P., which is the general partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P., which wholly owns Sequoia Capital U.S. Scout Fund IV, L.L.C., which in turn wholly owns Nalrena, L.L.C. and Spelunker Channel Holdings, LLC (collectively, the Scout Funds). As a result, SC US SSF 2013 (TTGP), L.L.C., SC U.S. Scout Seed Fund 2013 Management, L.P., Sequoia Capital U.S. Scout Seed Fund 2013, L.P., and Sequoia Capital U.S. Scout Fund IV, L.L.C. may be deemed to share voting and dispositive power with respect to the shares held by the Scout Funds.
- F3. [continued from Footnote 2] Each of SC US SSF 2013 (TTGP), L.L.C., SC U.S. Scout Seed Fund 2013 Management, L.P., Sequoia Capital U.S. Scout Seed Fund 2013, L.P., and Sequoia Capital U.S. Scout Fund IV, L.L.C. disclaims beneficial ownership of the securities held by the Scout Funds 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.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.2472 to $33.0547, 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 ranges set forth in footnotes (4), (5), (6) and (7) to this Form 4.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.8450 to $32.8350, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.8450 to $33.8400, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.8750 to $34.1961, inclusive.
- F8. 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).
- F9. [continued from Footnote 8] 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
Key Terms
weighted average price financial
disclaims beneficial ownership regulatory
pecuniary interest financial
Class B Common Stock financial
voting and dispositive power regulatory
FAQ
What did the Form 4 disclose about LIFE Class B Common Stock convertibility?
Were the LIFE insider trades under a Rule 10b5-1 trading plan?
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