Ethos (LIFE) 10% Owner SC US (TTGP) Converts & Distributes 1.78M Shares

What Happened

• SC US (TTGP), Ltd. (reported as a 10% owner) converted a total of 1,778,626 shares of the issuer’s Class B common stock into Class A common stock on 2026-08-21 and then effected pro rata in-kind distributions of those Class A shares to partners or members for no consideration. All reported conversions and distributions show $0.00 per share (no cash exchanged).

Key Details

• Transaction date: August 21, 2026. Filing date: August 25, 2026.
• Total shares converted and distributed: 1,778,626 shares (broken down as 1,204,092; 50,699; 18,231; 185,742; 319,862).
• Reported price: $0.00 per share (conversion / in-kind distribution).
• Shares owned after transaction: not specified in the provided entries.
• Relevant footnotes: F1 — Class B converts one-for-one into Class A with no expiration; F2 — distributions were pro rata in-kind to partners/members for no consideration; F3/F4 — SC US (TTGP), Ltd. is the general partner of certain Sequoia funds and may be deemed to share voting/dispositive power for those funds but disclaims beneficial ownership except to the extent of pecuniary interest.
• Timeliness: Filing was made on Aug 25 for Aug 21 transactions; this filing date is within the standard two-business-day Section 16 reporting window.

Context

• This was a conversion of a derivative (convertible Class B stock) and an in-kind distribution, not a market purchase or cash sale. Such distributions are typically administrative or partnership-related and do not necessarily signal a buy/sell decision by an individual insider.
• SC US (TTGP), Ltd. is an institutional 10% owner (general partner for Sequoia funds), not an operating executive; the filing reflects entity-level actions and downstream distributions to fund partners.