Ethos (LIFE) 10% Owner Accel Growth Fund IV Distributes 750k Shares

What Happened

• Accel Growth Fund IV L.P. (reported as a 10% owner) converted and/or transferred a total of 750,000 Class A shares of Ethos Technologies Inc. on August 11, 2026 and distributed those shares to its partners and related entities for no consideration. The breakdown in the filing: 711,900 shares, 34,050 shares, and 4,050 shares (total = 750,000), with reported cash proceeds of $0. The transactions are recorded as conversions of derivative securities and other dispositions (codes C and J) and reflect internal distributions, not open-market sales.

Key Details

• Transaction date: August 11, 2026. Filing date: August 13, 2026 (appears timely).
• Reported price/proceeds: $0.00 — distributions were made for no consideration.
• Shares disposed: 750,000 Class A shares in aggregate (711,900 + 34,050 + 4,050).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Class B common shares are convertible 1:1 into Class A common shares (no expiration).
  • F2–F4: The listed distributions were made to limited partners/members and general partner members and were effected under exemptions in Rules 16a‑13 and 16a‑9 of the Exchange Act.
• Filing timeliness: Form 4 filed two days after the transaction date (Aug 13 for Aug 11 activity), which is generally within the Form 4 reporting window.

Context

• These were institutional/internal distributions to fund partners, not open‑market sales by an executive. Such transfers are routine for private fund allocations and do not necessarily signal buying or selling sentiment about the company’s prospects.
• The filing shows conversions of derivative securities (Class B → Class A) followed by distributions; this is an administrative restructuring of holdings rather than a cash‑sale liquidity event.