SC US (TTGP), LTD. 4

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.