Wang Lingke 4
4 · Ethos Technologies Inc. · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
Ethos (LIFE) President Wang Lingke Converts Derivatives, Withholds 410K
What Happened
Wang Lingke, President and Director of Ethos Technologies Inc. (LIFE), converted a total of 6,145,317 derivative securities into shares of common stock on January 30, 2026 (reported Jan 30). These conversions recorded $0 cash consideration per share (conversion/settlement rather than an open-market purchase or sale). Separately, 410,726 shares were withheld prior to market open on January 29, 2026 to satisfy tax withholding obligations related to vesting restricted stock units (RSUs).
Key Details
- Transaction types: C (conversion of derivative securities) and F (shares withheld for tax withholding on RSU vesting).
- Dates: Shares withheld for taxes on 2026-01-29; multiple conversions reported on 2026-01-30.
- Counts and price: 6,145,317 shares acquired via conversion at $0.00 per share; 410,726 shares withheld for taxes (no cash proceeds reported).
- Post-transaction ownership: Not specified in the provided summary (check the full Form 4 for holdings table).
- Notable footnotes: F1 = tax-withheld shares to satisfy RSU vesting tax; F2 = filing references 811,183 RSUs issuable on settlement; F10–F9 indicate various trusts holding shares in which Mr. Wang disclaims beneficial ownership except to extent of pecuniary interest; F11 explains Class B ↔ Class A conversion mechanics.
- Timeliness: Filing was made on 2026-01-30 for transactions through 2026-01-29/30 — appears timely under Form 4 reporting rules.
Context
These were not open-market purchases or sales: the activity reflects conversion/settlement of derivative securities (including RSU-related activity) and routine tax-withholding on vested RSUs. Conversions at $0 reflect structural exchanges (derivative → common shares) rather than a cash transaction and do not by themselves indicate a buy/sell market signal.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-01-29−410,726→ 4,754,464 total - Conversion
Class A Common Stock
[F3]2026-01-30−3,943,281→ 811,183 total - Conversion
Class A Common Stock
[F3]2026-01-30−64,043→ 0 total(indirect: By Spouse) - Conversion
Class A Common Stock
[F3][F4]2026-01-30−388,726→ 0 total(indirect: By Trust) - Conversion
Class A Common Stock
[F3][F5]2026-01-30−291,545→ 0 total(indirect: By Trust) - Conversion
Class A Common Stock
[F3][F6]2026-01-30−291,545→ 0 total(indirect: By Trust) - Conversion
Class A Common Stock
[F3][F7]2026-01-30−291,545→ 0 total(indirect: By Trust) - Conversion
Class A Common Stock
[F3][F8]2026-01-30−291,544→ 0 total(indirect: By Trust) - Conversion
Class A Common Stock
[F3][F9]2026-01-30−291,544→ 0 total(indirect: By Trust) - Conversion
Class A Common Stock
[F3][F10]2026-01-30−291,544→ 0 total(indirect: By Trust) - Conversion
Class B Common Stock
[F3][F11]2026-01-30+3,943,281→ 3,943,281 total→ Class A Common Stock (3,943,281 underlying) - Conversion
Class B Common Stock
[F3][F11]2026-01-30+64,043→ 64,043 total(indirect: By Spouse)→ Class A Common Stock (64,043 underlying) - Conversion
Class B Common Stock
[F3][F11][F4]2026-01-30+388,726→ 388,726 total(indirect: By Trust)→ Class A Common Stock (388,726 underlying) - Conversion
Class B Common Stock
[F3][F11][F5]2026-01-30+291,545→ 291,545 total(indirect: By Trust)→ Class A Common Stock (291,545 underlying) - Conversion
Class B Common Stock
[F3][F11][F6]2026-01-30+291,545→ 291,545 total(indirect: By Trust)→ Class A Common Stock (291,545 underlying) - Conversion
Class B Common Stock
[F3][F11][F7]2026-01-30+291,545→ 291,545 total(indirect: By Trust)→ Class A Common Stock (291,545 underlying) - Conversion
Class B Common Stock
[F3][F11][F8]2026-01-30+291,544→ 291,544 total(indirect: By Trust)→ Class A Common Stock (291,544 underlying) - Conversion
Class B Common Stock
[F3][F11][F9]2026-01-30+291,544→ 291,544 total(indirect: By Trust)→ Class A Common Stock (291,544 underlying) - Conversion
Class B Common Stock
[F3][F11][F10]2026-01-30+291,544→ 291,544 total(indirect: By Trust)→ Class A Common Stock (291,544 underlying)
Footnotes (11)
- [F1]Represents shares withheld to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs") prior to the open of trading on January 29, 2026 to satisfy the tax obligation realized upon vesting of such RSUs.
- [F10]Shares held by The X 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F11]Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon the sale or transfer of such share of Class B Common Stock, subject to certain exceptions, and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. The Class B Common Stock has no expiration.
- [F2]Includes 811,183 shares issuable on settlement of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Issuer's Class A Common Stock upon vesting and may be exchanged at a 1:1 ratio for a share of Class B Common Stock.
- [F3]Upon the completion of the Issuer's initial public offering of Class A Common Stock ("IPO"), each share of Class A Common Stock was exchanged at a 1:1 ratio for shares of Class B Common Stock.
- [F4]Shares held by The B 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F5]Shares held by The J 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F6]Shares held by The K 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F7]Shares held by The L 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F8]Shares held by The D 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.
- [F9]Shares held by The W 2024 Trust. Mr. Wang disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.