Ethos (LIFE) 10% Owner GV 2019 GP Sells 315,069 Shares

What Happened
GV 2019 GP, L.L.C. (reported as a 10% owner) disposed of a total of 315,069 Ethos Technologies (LIFE) shares across two days. On 2026-07-27 it reported a pro rata in-kind distribution (code J) of 196,931 shares (no cash) and concurrent open‑market sales (code S) of the same 196,931 shares at a weighted average price of $19.46 for proceeds of $3,832,848. On 2026-07-28 it reported an in‑kind distribution of 118,138 shares and sales of those 118,138 shares at a weighted average price of $18.90 for proceeds of $2,232,761. Total reported cash proceeds from the open-market sales were approximately $6.07 million. The J entries represent in‑kind distributions to an affiliate (Alphabet Holdings) per the filing footnotes.

Key Details

• Transaction dates and prices:
  • 2026-07-27: 196,931 shares sold, weighted avg $19.46 (sales ranged $19.21–$19.795 per footnote) — proceeds $3,832,848.
  • 2026-07-28: 118,138 shares sold, weighted avg $18.90 (sales ranged $18.45–$19.19 per footnote) — proceeds $2,232,761.
• Total shares sold: 315,069; total cash proceeds ≈ $6,065,609.
• The $0.00 "Other disposition" entries (code J) reflect a pro rata in‑kind distribution by the 2019 Partnership to Alphabet Holdings (see footnote F1), not a cash sale.
• Beneficial‑ownership chain: securities are held/linked through venture partnerships and affiliate entities (GV 2019/2021 partnerships, Alphabet Holdings, XXVI, Alphabet Inc.) — see footnotes F2, F4, F6.
• Shares owned after the transactions: not specified in the excerpt provided.
• Filing timeliness: Form filed 2026-07-29 for transactions on 7/27–7/28; this appears to be timely (filed within standard Form 4 reporting window).

Context

• These transactions involve institutional/affiliate entities (a venture GP and related partnerships and Alphabet affiliates), not an individual company executive. In‑kind distributions followed by open‑market sales often reflect portfolio reallocation or transfers through fund structures rather than a manager’s personal trading decision.
• The filing notes weighted‑average prices and that the sales occurred in multiple trades; the reporting person offers to provide the breakdown of prices on request.