Ethos (LIFE) 10% Owner Accel Growth Fund IV Distributes 1.79M Shares

What Happened
Accel Growth Fund IV L.P., disclosed as a 10% owner of Ethos Technologies, converted Class B common stock into Class A shares and distributed a total of 1,785,971 Class A shares on August 4, 2026. The distribution consisted of 1,695,244 shares from Accel Growth Fund IV L.P., 81,083 shares from Accel Growth Fund Investors 2016 L.L.C., and 9,644 shares from Accel Growth Fund IV Strategic Partners L.P. All transfers were reported at $0.00 (no consideration) and show up in the filing as conversions of derivative securities followed by distributions.

Key Details

• Transaction date: August 4, 2026; Form 4 filed August 6, 2026 (filed within typical two-business-day window).
• Shares moved: 1,695,244 + 81,083 + 9,644 = 1,785,971 Class A shares distributed for no consideration.
• Reported prices: $0.00 (no cash exchanged). Some entries recorded as conversion of derivative securities (code C) and other acquisition/disposition (code J).
• Shares owned after transaction: Not specified in the Form 4 summary provided.
• Footnotes: Conversions reflect that each Class B share is convertible into one Class A share (no expiration). Distributions were made in accordance with SEC Rules 16a-13 and 16a-9 (exempt pro rata distributions to partners/members).

Context
This filing reflects an institutional reallocation/distribution of shares to limited partners and related entities, not an open-market sale by company insiders. Distributions for no consideration (gifts/pro rata allocations) typically represent internal fund housekeeping and do not necessarily signal management trading intent or market sentiment. The transactions involved conversion of convertible shares into Class A common stock followed by pro rata distributions under exemptive rules.