Ethos Technologies' Wang sells shares under plan
The reported sales followed a Rule 10b5-1 plan adopted May 20, 2026, using pre-established terms rather than a discretionary decision.
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Form Type
4
Rhea-AI Filing Summary
Ethos Technologies Inc. President and director Lingke Wang converted 118,333 Class B shares into Class A shares on October 15, 2026. He also reported three sales of Class A shares that day: 22,669 at a weighted-average price of $37.64, 94,864 at $38.52, and 800 at $39.14. The reported direct Class B position following the conversion was 3,692,950 shares.
The sales were made under a Rule 10b5-1 trading plan Wang adopted on May 20, 2026, pursuant to pre-established terms rather than a discretionary decision to sell at that time. The reported trade-price ranges were $37.02 to $38.015, $38.02 to $39.01, and $39.13 to $39.145, respectively; each range is inclusive.
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 ($4.54M)
Approx. gross sale proceeds
$4.54M
| 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 | 22,669 | $37.64 | $853K |
| Sale | Class A Common Stock F3, F5, F2 | 94,864 | $38.52 | $3.65M |
| Sale | Class A Common Stock F3, F6, F2 | 800 | $39.14 | $31K |
| 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 — 3,692,950 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 (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 $37.02 to $38.015 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 $38.02 to $39.01 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 $39.13 to $39.145 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 to Class A: 118,333 shares
Class A shares sold: 22,669 shares at a weighted-average $37.64 per share
Class A shares sold: 94,864 shares at a weighted-average $38.52 per share
+2 more
5 metrics
Class B shares converted to Class A
118,333 shares
October 15, 2026; one-for-one conversion
Class A shares sold
22,669 shares at a weighted-average $37.64 per share
October 15, 2026
Class A shares sold
94,864 shares at a weighted-average $38.52 per share
October 15, 2026
Class A shares sold
800 shares at a weighted-average $39.14 per share
October 15, 2026
Direct Class B position following transaction
3,692,950 shares
Reported following the October 15, 2026 transaction
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units
3 terms
Rule 10b5-1 trading plan regulatory
"made pursuant to a Rule 10b5-1 trading plan"
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"
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
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What indirect LIFE holdings are listed for Lingke Wang?
The reported indirect Class A underlying-share amounts include 64,043 held by his spouse; 388,726 held by The B 2024 Trust; 291,545 each held by The J 2024 Trust, The K 2024 Trust and The L 2024 Trust; and 291,544 each held by The D 2024 Trust, The W 2024 Trust and The X 2024 Trust. Wang disclaims beneficial ownership of trust-held shares except to the extent of his pecuniary interest therein.
AI-generated analysis. How Rhea-AI works. Not financial advice.
