BOTHA ROELOF 4
4 · Ethos Technologies Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Ethos (LIFE) 10% Owner Roelof Botha Buys $4.95M Stock
What Happened
- Roelof Botha (reported as a 10% owner) made an open‑market purchase of 260,525 shares of Ethos Technologies (LIFE) on 2026-01-29 at $19.00 per share, for a total of $4,949,975.
- On 2026-01-30 the filing shows numerous zero‑dollar transactions tied to the company’s IPO: multiple conversions of preferred/derivative securities into common stock, corresponding dispositions to the issuer, and related grants/awards. The filing reports 12,000,124 shares as zero‑price grants/conversions (and multiple equal zero‑price dispositions to the issuer) associated with the IPO reclassification.
Key Details
- Transaction dates & prices:
- 2026-01-29: Open‑market purchase — 260,525 shares @ $19.00 = $4,949,975.
- 2026-01-30: Many conversions, awards and dispositions reported at $0.00 (IPO-related reclassifications and exchanges).
- Reported incremental shares: 260,525 (cash purchase) plus 12,000,124 shares from zero‑price conversions/awards shown on the form. Many of those zero‑price shares were also reported as transferred/disposed to the issuer in connection with the IPO steps.
- Shares owned after transaction: the Form 4 lists the individual conversion/award and disposition line items; the filing’s itemization yields reported additions totaling 12,260,649 shares (260,525 cash purchase + 12,000,124 zero‑price conversions/awards). Note: many zero‑price items reflect IPO conversion and reclassification per the footnotes rather than a cash purchase.
- Notable footnotes:
- F1: Preferred shares automatically converted to Class A on the IPO and then exchanged 1:1 for Class B common; Class B shares are convertible into Class A. These IPO reclassifications were reported at $0.00 and have no expiration.
- F2–F3: Botha’s holdings are reported through Sequoia‑affiliated entities; he disclaims beneficial ownership except to the extent of pecuniary interest.
- F4–F5: Certain amounts include shares held by affiliated entities (Spelunker Channel Holdings, Nalrena LLC).
- Timeliness: Filing date 2026-02-02 for transactions on 2026-01-29 and 2026-01-30 — Form 4 was filed within the required two business days and is timely.
Context
- The large zero‑dollar lines reflect IPO-related automatic conversions/exchanges and awards, not open‑market buys — these are bookkeeping/reclassification entries common around an IPO. The only cash purchase reported was the 260,525 shares at $19 on 1/29 (~$4.95M), which is the clearest bullish signal in this filing.
- As a reported 10% owner and Sequoia‑affiliated investor, Botha’s report mixes institutional fund holdings and corporate reclassifications; the filing includes disclaimers that reduce implication of personal beneficial ownership beyond pecuniary interest.
Insider Transaction Report
Form 4
BOTHA ROELOF
Director10% Owner
Transactions
- Purchase
Class A Common Stock
2026-01-29$19.00/sh+260,525$4,949,975→ 260,525 total - Conversion
Class A Common Stock
[F1][F2]2026-01-30+8,027,281→ 8,027,281 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.) - Conversion
Class A Common Stock
[F1][F2]2026-01-30+337,996→ 337,996 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.) - Conversion
Class A Common Stock
[F1][F2]2026-01-30+121,541→ 121,541 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.) - Conversion
Class A Common Stock
[F1][F2]2026-01-30+1,238,282→ 1,238,282 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.) - Conversion
Class A Common Stock
[F1][F2]2026-01-30+2,132,408→ 2,132,408 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.) - Conversion
Class A Common Stock
[F1][F3][F4]2026-01-30+142,616→ 142,616 total(indirect: See Footnotes) - Disposition to Issuer
Class A Common Stock
[F1][F2]2026-01-30−8,027,281→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F2]2026-01-30−337,996→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F2]2026-01-30−121,541→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F2]2026-01-30−1,238,282→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F2]2026-01-30−2,132,408→ 0 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F3][F4]2026-01-30−142,616→ 0 total(indirect: See Footnotes) - Conversion
Series A-2 Preferred Stock
[F1][F2]2026-01-30−1,897,656→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (1,897,656 underlying) - Conversion
Series A-2 Preferred Stock
[F1][F2]2026-01-30−79,975→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (79,975 underlying) - Conversion
Series A-2 Preferred Stock
[F1][F2]2026-01-30−28,725→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (28,725 underlying) - Conversion
Series A-2 Preferred Stock
[F1][F2]2026-01-30−291,875→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (291,875 underlying) - Conversion
Series A-2 Preferred Stock
[F1][F3][F4]2026-01-30−142,616→ 0 total(indirect: See Footnotes)→ Class A Common Stock (142,616 underlying) - Conversion
Series A Preferred Stock
[F1][F2]2026-01-30−4,767,653→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (4,767,653 underlying) - Conversion
Series A Preferred Stock
[F1][F2]2026-01-30−200,936→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (200,936 underlying) - Conversion
Series A Preferred Stock
[F1][F2]2026-01-30−72,174→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (72,174 underlying) - Conversion
Series A Preferred Stock
[F1][F2]2026-01-30−733,307→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (733,307 underlying) - Conversion
Series B Preferred Stock
[F1][F2]2026-01-30−1,124,709→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (1,124,709 underlying) - Conversion
Series B Preferred Stock
[F1][F2]2026-01-30−47,400→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (47,400 underlying) - Conversion
Series B Preferred Stock
[F1][F2]2026-01-30−17,025→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (17,025 underlying) - Conversion
Series B Preferred Stock
[F1][F2]2026-01-30−172,989→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (172,989 underlying) - Conversion
Series C Preferred Stock
[F1][F2]2026-01-30−180,988→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (180,988 underlying) - Conversion
Series C Preferred Stock
[F1][F2]2026-01-30−7,627→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (7,627 underlying) - Conversion
Series C Preferred Stock
[F1][F2]2026-01-30−2,739→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (2,739 underlying) - Conversion
Series C Preferred Stock
[F1][F2]2026-01-30−27,837→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (27,837 underlying) - Conversion
Series C Preferred Stock
[F1][F2]2026-01-30−1,917,944→ 0 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.)→ Class A Common Stock (1,917,944 underlying) - Conversion
Series D Preferred Stock
[F1][F2]2026-01-30−56,275→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (56,275 underlying) - Conversion
Series D Preferred Stock
[F1][F2]2026-01-30−2,058→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (2,058 underlying) - Conversion
Series D Preferred Stock
[F1][F2]2026-01-30−878→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (878 underlying) - Conversion
Series D Preferred Stock
[F1][F2]2026-01-30−12,274→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (12,274 underlying) - Conversion
Series D Preferred Stock
[F1][F2]2026-01-30−214,464→ 0 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.)→ Class A Common Stock (214,464 underlying) - Award
Class B Common Stock
[F1][F2]2026-01-30+8,027,281→ 8,027,281 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (8,027,281 underlying) - Award
Class B Common Stock
[F1][F2]2026-01-30+337,996→ 337,996 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (337,996 underlying) - Award
Class B Common Stock
[F1][F2]2026-01-30+121,541→ 121,541 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (121,541 underlying) - Award
Class B Common Stock
[F1][F2]2026-01-30+1,238,282→ 1,238,282 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (1,238,282 underlying) - Award
Class B Common Stock
[F1][F2]2026-01-30+2,132,408→ 2,132,408 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.)→ Class A Common Stock (2,132,408 underlying) - Award
Class B Common Stock
[F1][F3][F5]2026-01-30+142,616→ 142,616 total(indirect: See Footnotes)→ Class A Common Stock (142,616 underlying)
Footnotes (5)
- [F1]Upon the closing of the Issuer's IPO, all shares of Series A-2, Series A, Series B, Series C, and Series D Preferred Stock automatically converted into shares of Class A Common Stock of the Issuer (the "Class A Conversion") based on the IPO price of the Class A Common Stock. Immediately following the Class A Conversion, shares of the Class A Common Stock included in this Form 4 exchanged at a 1:1 ratio for shares of Class B Common Stock. Each share of Class B Common Stock is convertible at the option of the holder thereof into one share of Class A Common Stock and otherwise in accordance with the terms of the Issuer's Certificate of Incorporation. The securities have no expiration date.
- [F2]The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. (GFVIII), and (ii) the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P., and Sequoia Capital U.S. Venture XV Principals Fund, L.P. (collectively, the XV Funds). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed to be an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F3]The Reporting Person is a director and stockholder of SC US SSF 2013 (TTGP), L.L.C. SC US SSF 2013 (TTGP), L.L.C. is the general partner of SC U.S. Scout Seed Fund 2013 Management, L.P., which is the general partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P., which wholly owns Sequoia Capital U.S. Scout Fund IV, L.L.C., which in turn wholly owns Nalrena, L.L.C. and Spelunker Channel Holdings, LLC (collectively, the Scout Funds). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed to be an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F4]Includes 79,246 shares of Class A Common Stock held by Spelunker Channel Holdings, LLC and 63,370 shares of Class A Common Stock held by Nalrena LLC.
- [F5]Includes 79,246 shares of Class B Common Stock held by Spelunker Channel Holdings, LLC and 63,370 shares of Class B Common Stock held by Nalrena LLC.
Signature
/s/ Jung Yeon Son, Attorney-in-fact for Roelof Botha|2026-02-02