SEQUOIA CAPITAL U.S. SCOUT SEED FUND 2013, L.P. 4
4 · Ethos Technologies Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Ethos (LIFE) 10% Owner Converts Preferred into 12M Common Shares
What Happened
- SC US (TTGP), Ltd., a reported 10% owner (Sequoia-related), reported multiple conversions, disposals and grants tied to Ethos Technologies' IPO. On 2026-01-30 the filing shows conversions of preferred securities into Class A common (and an immediate 1:1 exchange into Class B per the charter), with primary line items totaling 12,000,124 shares acquired by conversion and matching disposals/grants at $0.00 per share.
- The entries include conversion (code C), disposition to the issuer (D), and grant/award (A) transactions — all recorded at $0.00. Many additional derivative-conversion/disposition lines in the filing sum to the same 12,000,124-share amount, reflecting related internal reclassifications following the IPO.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (filed within required period; not marked late).
- Price: $0.00 for all reported conversions/dispositions/grants (automatic conversion on IPO rather than market purchases/sales).
- Shares reported in the key conversion batch: 12,000,124 shares converted; 12,000,124 shares reported as disposed to issuer; additional derivative conversions/dispositions/grants also total 12,000,124 in aggregate across related lines.
- Footnotes of note:
- F1: Automatic conversion of Series A-2/A/B/C/D preferred into Class A common at the IPO price, then an immediate 1:1 exchange of those Class A shares for Class B common; Class B shares remain convertible into Class A.
- F2–F3, F4–F5: SC US (TTGP), Ltd. is a Sequoia-affiliated GP and may be deemed to share power with several funds; disclaimers state limited pecuniary beneficial ownership.
- F6–F7: Small blocks of shares are held by related LLCs (Spelunker Channel Holdings and Nalrena).
- This filing reflects institutional/10% owner activity, not an individual executive trading.
Context
- These entries appear to document routine, non-cash corporate conversions tied to the issuer’s IPO (automatic preferred-to-common conversions and internal exchanges), not open-market buying or selling. For retail investors, such IPO-driven conversions generally do not signal a buying/selling decision by the institution — they reflect capitalization and share-class changes required by the IPO.
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.