SC US (TTGP), LTD. 4
4 · Ethos Technologies Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Ethos (LIFE) 10% Owner SC US (TTGP), Ltd. Converts Preferred to Common
What Happened
SC US (TTGP), Ltd. (reported as a 10% owner and general partner for several Sequoia funds) recorded a series of automatic conversions/exchanges related to Ethos Technologies' IPO on 2026-01-30. In aggregate the filing shows 12,000,124 shares involved (multiple conversion, disposition-to-issuer and grant entries), all reported at $0. These entries reflect conversion of preferred/derivative securities into Class A common stock in connection with the IPO and an immediate 1:1 exchange of those Class A shares for Class B common stock per the issuer’s terms — not open-market buys or sales.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-02.
- Total shares involved (aggregate): 12,000,124 shares; all transactions reported at $0 (no cash proceeds).
- Types of entries: conversions of derivative securities, dispositions to the issuer, and grant/award entries — all related to IPO conversion/exchange mechanics.
- Footnote highlights: (F1) Preferred Series A–D automatically converted into Class A Common at the IPO price, then exchanged 1:1 for Class B Common; (F2–F3, F4–F7) SC US (TTGP), Ltd. is the GP of various Sequoia funds and disclaims beneficial ownership of certain fund-held securities except to the extent of pecuniary interest.
- Shares owned after the transactions are not explicitly listed in the excerpt provided.
Context
These filings document corporate conversion and exchange mechanics triggered by the issuer's IPO (a structural reclassification), not discretionary insider trading. For retail investors: conversions at $0 tied to IPO terms are routine and do not by themselves signal a manager's buy/sell opinion. Also note this reporter is an institutional 10% owner (a GP for multiple funds), not an individual officer — the footnotes disclaim direct beneficial ownership of some fund-held shares.
Insider Transaction Report
Form 4
SC US (TTGP), LTD.
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1][F2][F3]2026-01-30+8,027,281→ 8,027,281 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.) - Conversion
Class A Common Stock
[F1][F2][F3]2026-01-30+337,996→ 337,996 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.) - Conversion
Class A Common Stock
[F1][F2][F3]2026-01-30+121,541→ 121,541 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.) - Conversion
Class A Common Stock
[F1][F2][F3]2026-01-30+1,238,282→ 1,238,282 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.) - Conversion
Class A Common Stock
[F1][F2][F3]2026-01-30+2,132,408→ 2,132,408 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.) - Conversion
Class A Common Stock
[F1][F4][F5][F6]2026-01-30+142,616→ 142,616 total(indirect: See Footnotes) - Disposition to Issuer
Class A Common Stock
[F1][F2][F3]2026-01-30−8,027,281→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F2][F3]2026-01-30−337,996→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F2][F3]2026-01-30−121,541→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F2][F3]2026-01-30−1,238,282→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F2][F3]2026-01-30−2,132,408→ 0 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.) - Disposition to Issuer
Class A Common Stock
[F1][F4][F5][F6]2026-01-30−142,616→ 0 total(indirect: See Footnotes) - Conversion
Series A-2 Preferred Stock
[F1][F2][F3]2026-01-30−1,897,656→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (1,897,656 underlying) - Conversion
Series A-2 Preferred Stock
[F1][F2][F3]2026-01-30−79,975→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (79,975 underlying) - Conversion
Series A-2 Preferred Stock
[F1][F2][F3]2026-01-30−28,725→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (28,725 underlying) - Conversion
Series A-2 Preferred Stock
[F1][F2][F3]2026-01-30−291,875→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (291,875 underlying) - Conversion
Series A-2 Preferred Stock
[F1][F4][F5][F6]2026-01-30−142,616→ 0 total(indirect: See Footnotes)→ Class A Common Stock (142,616 underlying) - Conversion
Series A Preferred Stock
[F1][F2][F3]2026-01-30−4,767,653→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (4,767,653 underlying) - Conversion
Series A Preferred Stock
[F1][F2][F3]2026-01-30−200,936→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (200,936 underlying) - Conversion
Series A Preferred Stock
[F1][F2][F3]2026-01-30−72,174→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (72,174 underlying) - Conversion
Series A Preferred Stock
[F1][F2][F3]2026-01-30−733,307→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (733,307 underlying) - Conversion
Series B Preferred Stock
[F1][F2][F3]2026-01-30−1,124,709→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (1,124,709 underlying) - Conversion
Series B Preferred Stock
[F1][F2][F3]2026-01-30−47,400→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (47,400 underlying) - Conversion
Series B Preferred Stock
[F1][F2][F3]2026-01-30−17,025→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (17,025 underlying) - Conversion
Series B Preferred Stock
[F1][F2][F3]2026-01-30−172,989→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (172,989 underlying) - Conversion
Series C Preferred Stock
[F1][F2][F3]2026-01-30−180,988→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (180,988 underlying) - Conversion
Series C Preferred Stock
[F1][F2][F3]2026-01-30−7,627→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (7,627 underlying) - Conversion
Series C Preferred Stock
[F1][F2][F3]2026-01-30−2,739→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (2,739 underlying) - Conversion
Series C Preferred Stock
[F1][F2][F3]2026-01-30−27,837→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (27,837 underlying) - Conversion
Series C Preferred Stock
[F1][F2][F3]2026-01-30−1,917,944→ 0 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.)→ Class A Common Stock (1,917,944 underlying) - Conversion
Series D Preferred Stock
[F1][F2][F3]2026-01-30−56,275→ 0 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (56,275 underlying) - Conversion
Series D Preferred Stock
[F1][F2][F3]2026-01-30−2,058→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (2,058 underlying) - Conversion
Series D Preferred Stock
[F1][F2][F3]2026-01-30−878→ 0 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (878 underlying) - Conversion
Series D Preferred Stock
[F1][F2][F3]2026-01-30−12,274→ 0 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (12,274 underlying) - Conversion
Series D Preferred Stock
[F1][F2][F3]2026-01-30−214,464→ 0 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.)→ Class A Common Stock (214,464 underlying) - Award
Class B Common Stock
[F1][F2][F3]2026-01-30+8,027,281→ 8,027,281 total(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)→ Class A Common Stock (8,027,281 underlying) - Award
Class B Common Stock
[F1][F2][F3]2026-01-30+337,996→ 337,996 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)→ Class A Common Stock (337,996 underlying) - Award
Class B Common Stock
[F1][F2][F3]2026-01-30+121,541→ 121,541 total(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)→ Class A Common Stock (121,541 underlying) - Award
Class B Common Stock
[F1][F2][F3]2026-01-30+1,238,282→ 1,238,282 total(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)→ Class A Common Stock (1,238,282 underlying) - Award
Class B Common Stock
[F1][F2][F3]2026-01-30+2,132,408→ 2,132,408 total(indirect: Sequoia Capital U.S. Growth Fund VIII, L.P.)→ Class A Common Stock (2,132,408 underlying) - Award
Class B Common Stock
[F1][F4][F5][F7]2026-01-30+142,616→ 142,616 total(indirect: See Footnotes)→ Class A Common Stock (142,616 underlying)
Footnotes (7)
- [F1]Upon the closing of the Issuer's IPO, all shares of Series A-2, Series A, Series B, Series C, and Series D Preferred Stock automatically converted into shares of Class A Common Stock of the Issuer (the "Class A Conversion") based on the IPO price of the Class A Common Stock. Immediately following the Class A Conversion, shares of the Class A Common Stock included in this Form 4 exchanged at a 1:1 ratio for shares of Class B Common Stock. Each share of Class B Common Stock is convertible at the option of the holder thereof into one share of Class A Common Stock and otherwise in accordance with the terms of the Issuer's Certificate of Incorporation. The securities have no expiration date.
- [F2]SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Growth VIII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. (GFVIII), and (ii) the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P., and Sequoia Capital U.S. Venture XV Principals Fund, L.P. (collectively, the XV Funds).
- [F3][continued from Footnote 2] As a result, SC US (TTGP), Ltd. may be deemed to share voting and dispositive power with respect to the shares held by GFVIII and the XV Funds. Each of SC US (TTGP), Ltd., SC U.S. Growth VIII Management, L.P. and SC U.S. Venture XV Management, L.P. disclaims beneficial ownership of the shares held by GFVIII and the XV Funds, as applicable, except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F4]SC US SSF 2013 (TTGP), L.L.C. is the general partner of SC U.S. Scout Seed Fund 2013 Management, L.P., which is the general partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P., which wholly owns Sequoia Capital U.S. Scout Fund IV, L.L.C., which in turn wholly owns Nalrena, L.L.C. and Spelunker Channel Holdings, LLC (collectively, the Scout Funds). As a result, SC US SSF 2013 (TTGP), L.L.C., SC U.S. Scout Seed Fund 2013 Management, L.P., Sequoia Capital U.S. Scout Seed Fund 2013, L.P., and Sequoia Capital U.S. Scout Fund IV, L.L.C. may be deemed to share voting and dispositive power with respect to the shares held by the Scout Funds.
- [F5][continued from Footnote 4] Each of SC US SSF 2013 (TTGP), L.L.C., SC U.S. Scout Seed Fund 2013 Management, L.P., Sequoia Capital U.S. Scout Seed Fund 2013, L.P., and Sequoia Capital U.S. Scout Fund IV, L.L.C. disclaims beneficial ownership of the securities held by the Scout Funds except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F6]Includes 79,246 shares of Class A Common Stock held by Spelunker Channel Holdings, LLC and 63,370 shares of Class A Common Stock held by Nalrena LLC.
- [F7]Includes 79,246 shares of Class B Common Stock held by Spelunker Channel Holdings, LLC and 63,370 shares of Class B Common Stock held by Nalrena LLC.