SOFTBANK GROUP CORP. 4

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.