Ethos Technologies president sells 118K shares
Ethos Technologies’ president converted Class B into Class A shares and sold 118,333 Class A shares under a Rule 10b5-1 plan.
Rhea-AI Filing Summary
Ethos Technologies Inc. (LIFE) director and President Wang Lingke reported transactions on September 17, 2026 involving a conversion and sales of company stock. Wang converted 118,333 shares of Class B Common Stock into the same number of Class A Common Stock and then sold 118,333 Class A shares in multiple transactions at weighted average prices around the high‑$30 range. After the conversion, Wang held 3,811,283 Class B shares directly, and additional Class B shares are held indirectly through a spouse and several 2024 trusts. The reported sales were made under a Rule 10b5-1 trading plan adopted on May 20, 2026.
Positive
- None.
Negative
- None.
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 ($4.61M)
Approx. gross sale proceeds
$4.61M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F1 | 118,333 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 118,333 | -- | -- |
| Sale | Class A Common Stock F3, F4, F2 | 7,431 | $38.36 | $285K |
| Sale | Class A Common Stock F3, F5, F2 | 110,587 | $39.00 | $4.31M |
| Sale | Class A Common Stock F3, F2 | 315 | $39.67 | $12K |
| holding | Class B Common Stock F1 | -- | -- | -- |
| holding | Class B Common Stock F1, F6 | -- | -- | -- |
| 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 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,811,283 contracts (Direct);
Class A Common Stock — 1,537,543 shares (Direct);
Class B Common Stock — 64,043 contracts (Indirect, by spouse);
Class B Common Stock — 2,137,993 contracts (Indirect, By trust)
Footnotes (12)
- 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 $37.585 to $38.58 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 $38.605 to $39.55 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. 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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.
- F12. 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: 118,333 shares
Class A shares sold total: 118,333 shares
Sale price block 1: $38.36 per share
+5 more
8 metrics
Class B shares converted
118,333 shares
Class B Common Stock converted into Class A on September 17, 2026
Class A shares sold total
118,333 shares
Class A Common Stock sales on September 17, 2026
Sale price block 1
$38.36 per share
7,431 Class A shares; weighted average price with range $37.585–$38.58
Sale price block 2
$39.00 per share
110,587 Class A shares; weighted average price with range $38.605–$39.55
Sale price block 3
$39.67 per share
315 Class A shares sold on September 17, 2026
Direct Class B holdings after transaction
3,811,283 shares
Class B Common Stock directly held by Wang following conversion
Spouse indirect holding (underlying Class A)
64,043 shares
Class B held by spouse corresponding to 64,043 underlying Class A shares
The B 2024 Trust underlying shares
388,726 shares
Underlying Class A shares associated with Class B held by The B 2024 Trust
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, Class A Common Stock, restricted stock units, +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.
Class B Common Stock financial
"Each share of Class B Common Stock held by the Reporting Person will"
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
"Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock"
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.
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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Ethos Technologies (LIFE) President Wang Lingke report on this Form 4?
Wang Lingke reported converting 118,333 Class B Common shares into Class A Common shares and selling 118,333 Class A shares on September 17, 2026, while retaining a substantial Class B position and indirect holdings through a spouse and several trusts.
What did the Class B to Class A conversion involve for Ethos Technologies (LIFE)?
Wang converted 118,333 shares of Class B Common Stock into 118,333 shares of Class A Common Stock. Each Class B share is convertible into one Class A share at any time and also converts automatically upon certain sales or transfers, with no expiration.
What indirect holdings of Ethos Technologies (LIFE) stock are reported for Wang?
Indirect holdings include Class B shares corresponding to 64,043 underlying Class A shares held by Wang’s spouse and several trusts, such as 388,726 underlying Class A shares held by The B 2024 Trust, with Wang disclaiming beneficial ownership except for his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
