Accel Growth Fund IV L.P. 4

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.