Ethos Technologies: president Wang Lingke sold 118,333 shares

What happened

• Wang Lingke, president and director, converted derivative securities and sold a total of 118,333 shares on Oct 15, 2026. The filing shows conversions and three open-market sales totaling $4,538,734.
• Transactions reported in the filing:
  • Conversion of derivative security (C) — 118,333 shares acquired (conversion).
  • Sale (S) — 22,669 shares at $37.64 for $853,261.
  • Sale (S) — 94,864 shares at $38.52 for $3,654,161.
  • Sale (S) — 800 shares at $39.14 for $31,312.
  • Conversion of derivative security (C) — 118,333 shares disposed at $0.00 (derivative entry).

Key details

• Transaction date: Oct 15, 2026. Reported sale prices: weighted averages of $37.64, $38.52 and $39.14 for the three sale lots; footnotes list transaction price ranges for these lots.
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Relevant footnotes from the filing:
  • F1: Class B common stock converts to one share of Class A upon sale or transfer; Class B shares are convertible at the option of the reporting person and have no expiration (as described in the issuer's certificate of incorporation).
  • F3: At least some sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2026.
  • F4, F5, F6: Reported sale prices are weighted averages; the filing provides ranges of transaction prices and offers to provide per-price details on request.
• Filing timeliness: not indicated in the provided summary.

Why it may matter

• The filing shows a conversion of derivative securities and immediate open-market sales of the resulting shares in multiple transactions on the same date rather than a single lump-sum sale.
• Some sales occurred under a pre-established Rule 10b5-1 plan and sale prices are reported as weighted averages across multiple trades.
• A filing does not show why the insider traded or why the company acted.