Alphabet Inc. 4

What Happened
GV 2017 GP, L.L.C. (reported as a 10% owner) converted multiple derivative securities into Ethos Class A common stock and sold 1,845,308 shares on Jan 30, 2026. The sales were two disposals at $19.00 per share: 1,755,632 shares for $33,357,008 and 89,676 shares for $1,703,844, for aggregate proceeds of $35,060,852. The filing also shows several conversion entries (preferred/derivative securities converted into common) in connection with the issuer’s IPO.

Key Details

• Transaction date: January 30, 2026. Sales executed at $19.00 per share.
• Shares sold: 1,755,632 + 89,676 = 1,845,308 shares; total proceeds ≈ $35,060,852.
• Conversions: filing reports multiple conversions of derivative securities into Class A common stock (automatic conversions upon IPO; see F1).
• Shares owned after the transactions: not stated in the provided filing details.
• Notable footnotes: F1 (Series B/C/D preferred automatically converted into Class A common at IPO); F2–F4 (ownership path showing GV 2017 GP/partnership structure and ties up the chain to Alphabet entities); F5 (the sale was reported as a participation in a secondary offering in connection with the Issuer’s underwritten IPO).
• Filing timeliness: no late-filing indicator shown in the provided information.

Context
This activity is by an institutional 10% owner (GV 2017 GP and related partnerships), not an operating executive. The conversions reflect automatic conversion of preferred stock into common at the company’s IPO (per F1), and the reported sales were part of a secondary offering tied to that IPO (F5). Institutional secondary sales after an IPO are common and do not necessarily indicate management sentiment about the company’s prospects.