Accel Growth Fund IV L.P. 4
4 · Ethos Technologies Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Ethos (LIFE) 10% Owner Accel Growth Converts Derivative Securities
What Happened
- Accel Growth Fund IV L.P. (reported as a 10% owner) reported multiple conversions of derivative securities on 2026-01-30 related to Ethos Technologies' IPO. The filings show conversions totaling 14,287,772 shares (various lots such as 6,780,975; 324,338; 38,573 and many smaller lots) at $0.00 per share (total value $0). These entries reflect conversion/reclassification of preferred/derivative holdings into the issuer’s common stock (and subsequent 1:1 exchange into Class B common per the footnote), not open-market purchases or sales.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (no late filing indicated).
- Price: $0.00 per share; reported total value: $0 (administrative conversion).
- Total shares converted/reclassified: 14,287,772 (multiple conversion entries that net to zero change in cash proceeds).
- Shares owned after transaction: the Form 4 shows the conversions but does not disclose a separate net cash purchase/sale — economic interest was reclassified via conversion; consult the full filing for post-transaction holdings.
- Footnote: Upon the closing of the issuer’s IPO, Series B/C/D preferred automatically converted into Class A common (based on IPO price) and those Class A shares were immediately exchanged 1:1 for Class B common. Each Class B share is convertible into Class A per the certificate of incorporation; the securities have no expiration.
Context
- These are institutional conversion transactions by a 10% owner, not an executive buy/sell signal. Conversions at $0 reflect automatic contractual conversion of preferred/derivative securities in connection with the IPO, not a market trade; they do not represent a directional purchase or sale by the holder.
Insider Transaction Report
Form 4
Accel Growth Fund IV L.P.
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1]2026-01-30+6,780,975→ 6,780,975 total - Conversion
Class A Common Stock
[F1]2026-01-30−6,780,975→ 0 total - Conversion
Class A Common Stock
[F1]2026-01-30+324,338→ 324,338 total(indirect: By Accel Growth Fund Investors 2016 L.L.C.) - Conversion
Class A Common Stock
[F1]2026-01-30−324,338→ 0 total(indirect: By Accel Growth Fund Investors 2016 L.L.C.) - Conversion
Class A Common Stock
[F1]2026-01-30+38,573→ 38,573 total(indirect: By Accel Growth Fund IV L.P. Strategic Partners L.P.) - Conversion
Class A Common Stock
[F1]2026-01-30−38,573→ 0 total(indirect: By Accel Growth Fund IV L.P. Strategic Partners L.P.) - Conversion
Series B Preferred Stock
[F1]2026-01-30−5,602,701→ 0 totalExercise: $0.00→ Class A Common Stock (5,602,701 underlying) - Conversion
Series C Preferred Stock
[F1]2026-01-30−988,276→ 0 totalExercise: $0.00→ Class A Common Stock (988,276 underlying) - Conversion
Series D Preferred Stock
[F1]2026-01-30−189,998→ 0 totalExercise: $0.00→ Class A Common Stock (189,998 underlying) - Conversion
Series B Preferred Stock
[F1]2026-01-30−267,983→ 0 total(indirect: By Accel Growth Fund Investors 2016 L.L.C.)Exercise: $0.00→ Class A Common Stock (267,983 underlying) - Conversion
Series C Preferred Stock
[F1]2026-01-30−47,268→ 0 total(indirect: By Accel Growth Fund Investors 2016 L.L.C.)Exercise: $0.00→ Class A Common Stock (47,268 underlying) - Conversion
Series D Preferred Stock
[F1]2026-01-30−9,087→ 0 total(indirect: By Accel Growth Fund Investors 2016 L.L.C.)Exercise: $0.00→ Class A Common Stock (9,087 underlying) - Conversion
Series B Preferred Stock
[F1]2026-01-30−31,871→ 0 total(indirect: By Accel Growth Fund IV L.P. Strategic Partners L.P.)Exercise: $0.00→ Class A Common Stock (31,871 underlying) - Conversion
Series C Preferred Stock
[F1]2026-01-30−5,622→ 0 total(indirect: By Accel Growth Fund IV L.P. Strategic Partners L.P.)Exercise: $0.00→ Class A Common Stock (5,622 underlying) - Conversion
Series D Preferred Stock
[F1]2026-01-30−1,080→ 0 total(indirect: By Accel Growth Fund IV L.P. Strategic Partners L.P.)Exercise: $0.00→ Class A Common Stock (1,080 underlying) - Conversion
Class B Common Stock
[F1]2026-01-30+6,780,975→ 6,780,975 totalExercise: $0.00→ Class A Common Stock (6,780,975 underlying) - Conversion
Class B Common Stock
[F1]2026-01-30+324,338→ 324,338 total(indirect: By Accel Growth Fund Investors 2016 L.L.C.)Exercise: $0.00→ Class A Common Stock (324,338 underlying) - Conversion
Class B Common Stock
[F1]2026-01-30+38,573→ 38,573 total(indirect: By Accel Growth Fund IV L.P. Strategic Partners L.P.)Exercise: $0.00→ Class A Common Stock (38,573 underlying)
Footnotes (1)
- [F1]Upon the closing of the Issuer's IPO, all shares of 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.