Ethos Technologies (LIFE) Accel holders convert B to A shares, distribute to partners
Rhea-AI Filing Summary
Accel Growth investment entities, each a ten percent owner of Ethos Technologies Inc., reported a series of internal equity restructurings on August 11, 2026. Class B Common Stock was converted into an equal number of Class A Common Stock shares, including 711,190, 34,050 and 4,050 share conversions, with no stated exercise price. The resulting Class A shares, totaling 711,900, 34,050 and 4,050 in separate transactions, were then distributed for no consideration to limited partners and members of the Accel funds, each recipient receiving its pro rata interest. The company notes these distributions were made in reliance on exemptions under Rules 16a-13 and 16a-9 of the Exchange Act and reflect transfers among affiliated holders rather than market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
749,290 shares exercised/converted
Exercise
9 txns
Insider
Accel Growth Fund IV L.P., Accel Growth Fund Investors 2016 L.L.C., Accel Growth Fund IV Strategic Partners L.P., Accel Growth Fund IV Associates L.L.C.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1 | 711,190 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1 | 34,050 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1 | 4,050 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 711,900 | -- | -- |
| Conversion | Class A Common Stock F1 | 34,050 | -- | -- |
| Conversion | Class A Common Stock F1 | 4,050 | -- | -- |
| Other | Class A Common Stock F2 | 711,900 | $0.00 | $0.00 |
| Other | Class A Common Stock F3 | 34,050 | $0.00 | $0.00 |
| Other | Class A Common Stock F4 | 4,050 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 4,373,831 shares (Direct);
Class B Common Stock — 209,205 shares (Indirect, By Accel Growth Fund Investors 2016 L.L.C.);
Class B Common Stock — 24,879 shares (Indirect, By Accel Growth Fund IV Strategic Partners L.P.);
Class A Common Stock — 0 shares (Direct);
Class A Common Stock — 0 shares (Indirect, By Accel Growth Fund Investors 2016 L.L.C.);
Class A Common Stock — 0 shares (Indirect, By Accel Growth Fund IV L.P. Strategic Partners L.P.)
Footnotes (4)
- F1. Each share of Class B Common Stock is convertible at the option of the holder thereof into one share of Class A Common Stock and otherwise in accordance with the terms of the Issuer's Certificate of Incorporation. The securities have no expiration date.
- F2. On August 11, 2026, Accel Growth Fund IV L.P. distributed, for no consideration, 711,900 shares of Class A common stock of the Issuer (the "Accel Growth IV Shares") to its limited partners and to Accel Growth Fund IV Associates L.L.C., the general partner of Accel Growth Fund IV L.P., representing each such partner's pro rata interest in such Accel Growth IV Shares. On the same date, Accel Growth Fund IV Associates L.L.C. distributed, for no consideration, the Accel Growth IV Shares it received in the distribution by Accel Growth Fund IV L.P. to its members, representing each such member's pro rata interest in such Accel Growth IV Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
- F3. On August 11, 2026, Accel Growth Fund Investors 2016 L.L.C. distributed, for no consideration, 34,050 shares of Class A common stock of the Issuer to its members, representing each such member's pro rata interest in such shares. The aforementioned distribution was made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
- F4. On August 11, 2026, Accel Growth Fund IV Strategic Partners L.P. distributed, for no consideration, 4,050 shares of Class A common stock of the Issuer (the "Accel Growth IV SP Shares") to its limited partners and to Accel Growth Fund IV Associates L.L.C., the general partner of Accel Growth Fund IV Strategic Partners L.P., representing each such partner's pro rata interest in such Accel Growth IV SP Shares. On the same date, Accel Growth Fund IV Associates L.L.C. distributed, for no consideration, the Accel Growth IV SP Shares it received in the distribution by Accel Growth Fund IV Strategic Partners L.P. to its members, representing each such member's pro rata interest in such Accel Growth IV SP Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
Key Figures
Class B to Class A conversion: 711,190 shares
Additional Class B to Class A conversions: 34,050 and 4,050 shares
Class A shares distributed by Accel Growth Fund IV L.P.: 711,900 shares
+4 more
7 metrics
Class B to Class A conversion
711,190 shares
Class B Common Stock converted into Class A Common Stock on August 11, 2026
Additional Class B to Class A conversions
34,050 and 4,050 shares
Indirect holdings converted from Class B into Class A on August 11, 2026
Class A shares distributed by Accel Growth Fund IV L.P.
711,900 shares
Distributed for no consideration to limited partners and general partner on August 11, 2026
Class A shares distributed by Accel Growth Fund Investors 2016 L.L.C.
34,050 shares
Distributed for no consideration to members on August 11, 2026
Class A shares distributed by Accel Growth Fund IV Strategic Partners L.P.
4,050 shares
Distributed for no consideration to limited partners and general partner on August 11, 2026
Class B conversion ratio
1 Class B share into 1 Class A share
Conversion feature of Class B Common Stock; no expiration date
Shares following main Class B conversion
4,373,831 shares
Class B shares held directly after 711,190-share conversion
Key Terms
Class B Common Stock, Class A Common Stock, pro rata interest, Rule 16a-13, +1 more
5 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible at the option"
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.
Class A Common Stock financial
"shares of Class A common stock of the Issuer to its members"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
pro rata interest financial
"representing each such partner's pro rata interest in such"
Rule 16a-13 regulatory
"in accordance with the exemptions afforded by Rules 16a-13 and"
Rule 16a-9 regulatory
"exemptions afforded by Rules 16a-13 and 16a-9 of the Securities"
FAQ
What did Accel entities report in this Form 4 for LIFE on August 11, 2026?
Accel entities reported conversions of Class B into Class A Common Stock and subsequent distributions of those Class A shares for no consideration to their own partners and members as internal equity reallocations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
