Ethos (LIFE) 10% Owner SC US (TTGP), Ltd. Sells Shares

What Happened
SC US (TTGP), Ltd. (a Sequoia-related 10% owner) converted 142,616 Class B shares of Ethos Technologies (LIFE) into Class A common stock (one-for-one, $0 cost) on Aug 19–20, 2026, and sold all 142,616 converted shares in open-market transactions. Total reported proceeds from the sales are approximately $4,713,232. Sales occurred across multiple transactions at weighted-average prices shown below (see Key Details).

Key Details

• Transaction dates: conversions and sales on 2026-08-19 and 2026-08-20. Filing date: 2026-08-21 (appears timely under Form 4 two-business-day rule).
• Shares converted (acquired at $0): 142,616 total (19,349 + 15,472 on 8/19; 59,897 + 47,898 on 8/20).
• Shares sold (open-market/private sales): 142,616 total; proceeds ≈ $4,713,232. Individual sale lines and weighted-average prices include:
  • 8/19: 19,349 @ $32.82 (≈ $635,063) and 15,472 @ $32.82 (≈ $507,814)
  • 8/20: 19,924 @ $32.52 (≈ $647,968) and 15,933 @ $32.52 (≈ $518,173)
  • 8/20: 37,250 @ $33.37 (≈ $1,243,200) and 29,788 @ $33.37 (≈ $994,160)
  • 8/20: 2,723 @ $34.05 (≈ $92,723) and 2,177 @ $34.05 (≈ $74,131)
• Price range: reported per-footnote ranges span approximately $31.8450 to $34.1961 across the multiple trades; weighted averages are reported on the form and the filer offers to provide breakdowns on request.
• Footnotes: Class B shares convert one-for-one into Class A with no expiration (F1). The filer is a Sequoia-related entity; related Sequoia entities disclaim beneficial ownership except for pecuniary interest and may share dispositive power over certain funds (F2–F3, F8–F9).
• The filing does not state the filer’s remaining post-transaction holdings on the face of the reported lines.

Context
This activity involves an institutional 10% owner (a Sequoia fund affiliate), not an individual executive. The transactions show conversion of voting Class B shares into Class A and immediate sales of the converted shares (i.e., converted-and-sold rather than a purchase). Such institutional sales frequently reflect portfolio liquidity or rebalancing rather than a simple signal of management sentiment; the filing is factual and does not disclose the filer’s motivation.