Ethos (LIFE) 10% Owner Converts and Distributes 2.37M Shares

What Happened
SC US (TTGP), Ltd., reported as a 10% owner, converted derivative securities into Class A common stock and completed pro rata in‑kind distributions on 2026-09-08. The filing shows five conversion entries (C) and corresponding distribution entries (J) for the following share amounts: 1,605,456; 67,599; 24,308; 247,656; and 426,482 — totaling 2,371,501 shares. All transactions show $0 per share and $0 total proceeds (this was a conversion and distribution, not a cash sale).

Key Details

• Transaction date: 2026-09-08; Form 4 filed 2026-09-10 (accession 0001607841-26-000030).
• Prices: $0.00 per share — conversions and in‑kind distributions for no consideration.
• Total shares affected: 2,371,501 shares (sum of five tranches).
• Shares owned after transaction: Not specified in the Form 4.
• Footnotes:
  • F1 — Class B common stock is convertible to Class A on a 1:1 basis with no expiration.
  • F2 — Transactions include pro rata in‑kind distributions of Class A shares to partners/members for no consideration.
  • F3/F4 — SC US (TTGP), Ltd. is the general partner of Sequoia-related funds and may be deemed to share voting/dispositive power for those funds but disclaims beneficial ownership except to the extent of its pecuniary interest.

Context
These entries reflect an institutional conversion and distribution by a Sequoia-related general partner, not an insider cash sale or purchase. For retail investors: conversions and in‑kind distributions like this are administrative and do not necessarily signal buying or selling intent by an individual executive.