SoftBank-linked holders report 10.1% stake in Ethos

Ethos Technologies Inc. Schedule 13G shows SoftBank-affiliated entities report shared beneficial ownership of 3,128,902 shares of Class A Common Stock as of March 31, 2026.

Rhea-AI Filing Summary

Ethos Technologies Inc. Schedule 13G shows SoftBank-affiliated entities report shared beneficial ownership of 3,128,902 shares of Class A Common Stock as of March 31, 2026. The filing states this represents 10.1% of the class based on 30,914,997 shares outstanding as of April 30, 2026.

The ownership is reported by multiple related entities (SoftBank, SB Global Advisers Limited, SoftBank Vision Fund II-2 L.P. and affiliated holding companies). The report lists shared voting and shared dispositive power for the 3,128,902 shares and is filed as a joint Schedule 13G.

Insights

Institutional Ownership Analyst

SoftBank group reports a 10.1% passive stake via related funds and managers.

SoftBank and affiliated investment entities collectively disclose beneficial ownership of 3,128,902 shares, representing 10.1% of Class A common stock based on an outstanding share count of 30,914,997 as of April 30, 2026. The filing attributes shared voting and dispositive power across multiple entities in the SoftBank ownership chain.

The position is reported on a Schedule 13G joint-filing basis, indicating a passive investment posture under the terms of that form. Subsequent filings would be required if the nature of ownership or intentions change.

Corporate Governance Counsel

Complex ownership chain is documented with entity-by-entity attribution.

The filing traces the chain: SoftBank → SB Global Advisers Limited → SoftBank Vision Fund II-2 L.P. → a series of aggregator and holding LLCs, culminating in SVF II Aggregator (DE) LLC as record holder. Each entity is listed as sharing beneficial ownership of the same 3,128,902 shares.

Signatures from multiple authorized representatives and a joint filing agreement are included. Changes in voting or disposition authority would require updating the filing status.

Key Figures

Beneficial ownership: 3,128,902 shares Percent of class: 10.1% Shares outstanding: 30,914,997 shares

3 metrics

Beneficial ownership 3,128,902 shares Owned as of March 31, 2026

Percent of class 10.1% Percent of Class A based on outstanding shares

Shares outstanding 30,914,997 shares Outstanding as of April 30, 2026

Key Terms

Schedule 13G, Beneficial ownership, Shared dispositive power, Joint Filing Agreement

4 terms

Schedule 13G regulatory

"This statement is filed on behalf of: SoftBank Group Corp.; SB Global Advisers Limited; SoftBank Vision Fund II-2 L.P."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"The ownership information presented herein represents beneficial ownership of Class A Common Stock as of March 31, 2026"

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.

Shared dispositive power regulatory

"Shared Dispositive Power 3,128,902.00"

Joint Filing Agreement legal

"Exhibit Information Joint Filing Agreement"

FAQ

What stake does SoftBank report in Ethos Technologies (LIFE)?

SoftBank-affiliated entities report beneficial ownership of 3,128,902 shares, equal to 10.1% of Class A Common Stock based on 30,914,997 shares outstanding as of April 30, 2026.

Which entities are listed on the Schedule 13G for Ethos (LIFE)?

The joint filing lists SoftBank Group Corp., SB Global Advisers Limited, SoftBank Vision Fund II-2 L.P. and several affiliated holding and aggregator entities as reporting persons.

What voting and dispositive powers are reported by SoftBank-affiliated holders?

The filing reports 0 sole voting and 3,128,902 shared voting rights, and 0 sole dispositive with 3,128,902 shared dispositive power over the reported shares.

As of which dates are the ownership and outstanding share counts reported?

Beneficial ownership is reported as of March 31, 2026; the issuer's outstanding share count used for the percentage is 30,914,997 shares as of April 30, 2026.

Does the Schedule 13G indicate active control or passive investment?

The filing is a joint Schedule 13G, which is used for passive investors. It does not assert active control; no change-of-control language is included in the excerpt.

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Accepted by SEC EDGAR 05/15/2026 - 09:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Ethos Technologies Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 par value

(Title of Class of Securities)

29765A101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SoftBank Group Corp.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JAPAN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SB Global Advisers Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SoftBank Vision Fund II-2 L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SVF II Aggregator (Jersey) L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SVF II Holdings (DE) LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Limited Liability Company

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SVF II Investment Holdings (Jersey) L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SVF II Investment Holdings LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Limited Liability Company

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SVF II Investment Holdings (Subco) LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Limited Liability Company

SCHEDULE 13G

CUSIP Number(s): 29765A101

1

Names of Reporting Persons

SVF II Aggregator (DE) LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,128,902.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,128,902.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,128,902.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Limited Liability Company

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ethos Technologies Inc.
(b)	Address of issuer's principal executive offices: 90 New Montgomery Street, Suite 1500, San Francisco, CA 94105
Item 2.
(a)	Name of person filing: Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: SoftBank Group Corp. ("SoftBank") SB Global Advisers Limited ("SBGA") SoftBank Vision Fund II-2 L.P. SVF II Aggregator (Jersey) LP SVF II Holdings (DE) LLC SVF II Investment Holdings (Jersey) L.P. SVF II Investment Holdings LLC SVF II Investment Holdings (Subco) LLC SVF II Aggregator (DE) LLC
(b)	Address or principal business office or, if none, residence: The address for SoftBank is 1-7-1 Kaigan, Minato-ku, Tokyo, 105-7537, Japan. The address for SBGA is 69 Grosvenor Street, Mayfair, London W1K 3JP, England, United Kingdom. The address for each of SoftBank Vision Fund II-2 L.P., SVF II Aggregator (Jersey) L.P. and SVF II Investment Holdings (Jersey) L.P. is c/o Gen II (Jersey) Limited, 47 Esplanade, St. Helier, Jersey, JE1 0BD. The address for each of the other Reporting Persons is 1521 Concord Pike, Wilmington, DE 19803.
(c)	Citizenship: SoftBank is organized under the laws of Japan. SBGA is organized under the laws of England and Wales. Each of SoftBank Vision Fund II-2 L.P., SVF II Aggregator (Jersey) L.P. and SVF II Investment Holdings (Jersey) L.P. is organized under the laws of Jersey. Each of the other Reporting Persons is organized under the laws of the State of Delaware.
(d)	Title of class of securities: Class A Common Stock, $0.0001 par value
(e)	CUSIP Number(s): 29765A101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The ownership information presented herein represents beneficial ownership of Class A Common Stock as of March 31, 2026, based upon 30,914,997 shares of Class A Common Stock outstanding as of April 30, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2026. SVF II Aggregator (DE) LLC is the record holder of the securities reported herein. SoftBank, which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SBGA, which has been appointed as manager and is responsible for making final decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund II-2 L.P.'s investments, including as held by SVF II Aggregator (DE) LLC. SoftBank Vision Fund II-2 L.P. is the sole limited partner of SVF II Aggregator (Jersey) LP, which is the sole member of SVF II Holdings (DE) LLC, which is the sole limited partner of SVF II Investment Holdings (Jersey) L.P., which is the sole member of SVF II Investment Holdings LLC, which is the sole member of SVF II Investment Holdings (Subco) LLC, which is the sole member of SVF II Aggregator (DE) LLC. As a result of these relationships, each of these entities may be deemed to share beneficial ownership of the securities reported herein.
(b)	Percent of class: 10.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 3,128,902
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 3,128,902
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SoftBank Group Corp.

Signature:	/s/ Yuko Yamamoto
Name/Title:	Yuko Yamamoto, Head of Corporate Legal Department
Date:	05/15/2026

SB Global Advisers Limited

Signature:	/s/ Stephen Lam
Name/Title:	Stephen Lam, General Counsel
Date:	05/15/2026

SoftBank Vision Fund II-2 L.P.

Signature:	By: SB Global Advisers Limited, its Manager, By: /s/ Stephen Lam
Name/Title:	Stephen Lam, General Counsel
Date:	05/15/2026

SVF II Aggregator (Jersey) L.P.

Signature:	/s/ Michael Johnson
Name/Title:	Michael Johnson, Director
Date:	05/15/2026

SVF II Holdings (DE) LLC

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	05/15/2026

SVF II Investment Holdings (Jersey) L.P.

Signature:	By: SVF II GP (Jersey) Limited, its general partner, By: /s/ Robert Milner
Name/Title:	Robert Milner, Director
Date:	05/15/2026

SVF II Investment Holdings LLC

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	05/15/2026

SVF II Investment Holdings (Subco) LLC

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	05/15/2026

SVF II Aggregator (DE) LLC

Signature:	/s/ Jonathan Duckles
Name/Title:	Jonathan Duckles, Director
Date:	05/15/2026

Exhibit Information

Joint Filing Agreement