SOFTBANK GROUP CORP. 4

4 · Ethos Technologies Inc. · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 4, 2026

Ethos (LIFE): SoftBank (10% owner) Converts Derivative Securities

What Happened

SoftBank Group Corp. (reported as a 10% owner through affiliated entities) recorded conversions of derivative/preferred securities into Class A common stock of Ethos Technologies (LIFE) on 2026-01-30. The filing shows an acquired block of 2,697,089 shares and three disposed blocks of 11,830; 394,139; and 2,192,203 shares (all conversion transactions). No per-share price is reported (N/A). Net change from these conversion entries: +98,917 shares.
These were conversions (transaction code C) tied to the issuer’s IPO: per the filing, Series A, A-2 and D-1 preferred stock automatically converted to Class A common based on the IPO price (see footnote F1). This is not a typical buy or sell in the open market but a conversion related to the IPO mechanics.

Key Details

Transaction date: 2026-01-30; Form 4 filed: 2026-02-03 (filed within the required SEC period).
Transactions: Converted/Acquired 2,697,089 shares; Converted/Disposed 11,830; 394,139; 2,192,203 shares. Net +98,917 shares from the reported conversion entries.
Price: N/A (conversion based on IPO price; specific per-share dollar amounts not shown in this excerpt).
Shares owned after transaction: Not specified in the provided excerpt.
Beneficial ownership note (F2): Securities are held of record by SVF II Aggregator (DE) LLC (SVF). SoftBank Group’s control chain is described in F2, so these filings reflect institutional/affiliated ownership rather than an individual executive trade.

Context

Conversion (C) simply means previously held preferred/derivative securities converted into common stock at IPO-related terms — not an open-market purchase or sale that signals a discretionary buy/sell decision.
For retail investors: this is institutional reclassification of holdings tied to the IPO structure. It’s factual reporting of share-class conversion and transfers; it should not be interpreted as a personal endorsement or directional trade by an individual insider.

Form 4

Period: 2026-01-30

10% Owner

Transactions

Conversion
Class A Common Stock
[F1][F2]
2026-01-30+2,697,089→ 3,128,902 total(indirect: See footnote)
Conversion
Series A-2 Preferred Stock
[F1][F2]
2026-01-30−11,830→ 0 total(indirect: See footnote)
→ Class A Common Stock (11,881 underlying)
Conversion
Series A Preferred Stock
[F1][F2]
2026-01-30−394,139→ 0 total(indirect: See footnote)
→ Class A Common Stock (395,837 underlying)
Conversion
Series D-1 Preferred Stock
[F1][F2]
2026-01-30−2,192,203→ 0 total(indirect: See footnote)
→ Class A Common Stock (2,289,371 underlying)

Footnotes (2)

[F1]Upon the closing of the Issuer's initial public offering (the "IPO"), all shares of Series A, Series A-2, and Series D-1 Preferred Stock automatically converted into shares of Class A Common Stock of the Issuer based on a ratio dependent on the public offerig price of the Class A Common Stock in the IPO.
[F2]Securities held directly by SVF II Aggregator (DE) LLC ("SVF"). SoftBank Group Corp., which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SB Global Advisers Limited, which has been appointed as manager and is responsible for making final decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund II-2 L.P.'s investments, including as held by SVF. SoftBank Vision Fund II-2 L.P. is the sole limited partner of SVF II Aggregator (Jersey) LP, which is the sole member of SVF II Holdings (DE) LLC, which is the sole limited partner of SVF II Investment Holdings (Jersey) L.P., which is the sole member of SVF II Investment Holdings LLC, which is the sole member of SVF II Investment Holdings (Subco) LLC, which is the sole member of SVF. As a result of these relationships, each of these entities may be deemed to share beneficial ownership of the securities held of record by SVF.

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