Colis Peter George 4
4 · Ethos Technologies Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Ethos Technologies (LIFE) CEO Peter Colis Sells Shares
What Happened
Peter G. Colis, CEO (and Secretary/Director) of Ethos Technologies (LIFE), reported sales and a conversion tied to RSU vesting. On 2026-05-15 he sold 54,890 shares (reported at $22.00 each) for $1,207,580 and 5,145 shares (reported at $22.78 each) for $117,203 — total proceeds ≈ $1,324,783. The filing also shows the conversion/acquisition of 55,848 shares from a derivative security (0.00 price), consistent with RSU settlement.
Key Details
- Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (timely).
- Sales: 54,890 shares (reported $22.00; weighted price range for that lot $21.66–$22.64 per F2) and 5,145 shares (reported $22.78; weighted range $22.685–$23.06 per F4).
- Conversion: 55,848 shares acquired on conversion of a derivative security (reported at $0.00).
- Reason: Footnote F1 states the sales represent shares sold to satisfy tax withholding on RSU vesting.
- Shares owned after transaction: Not specified in the provided excerpt.
- Other notes: Form includes footnotes about RSU pool size (695,302 shares issuable on settlement per F6) and trust holdings (F8, F9).
Context
This is a routine insider sale to cover tax withholding from RSU vesting (transaction code S for sale and C for conversion). The conversion indicates RSUs or similar derivative awards were settled into common stock; part of those shares (or other holdings) were sold to satisfy taxes. Such withholding sales are common and do not necessarily signal the CEO's view on company prospects.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-05-15$22.00/sh−54,890$1,207,580→ 756,295 total - Sale
Class A Common Stock
[F1][F4]2026-05-15$22.78/sh−5,145$117,203→ 751,150 total - Conversion
Class A Common Stock
[F5][F6]2026-05-15−55,848→ 695,302 total - Conversion
Class B Common Stock
[F7][F3]2026-05-15+55,848→ 6,210,529 total→ Class A Common Stock (55,848 underlying)
- 128,893(indirect: By Trust)
Class B Common Stock
[F7][F8]→ Class A Common Stock (128,893 underlying) - 214,822(indirect: By Trust)
Class B Common Stock
[F7][F9]→ Class A Common Stock (214,822 underlying)
Footnotes (9)
- [F1]Represents shares sold to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs").
- [F2]The price reported above reflects the weighted average price of the shares sold. The sale price ranged from $21.66 to $22.64 per share, inclusive. Upon request from the SEC staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F3]Adjusted due to scrivener's error.
- [F4]The price reported above reflects the weighted average price of the shares sold. The sale price ranged from $22.685 to $23.06 per share, inclusive. Upon request from the SEC staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- [F5]Each share of Class A Common Stock was exchanged at a 1:1 ratio for shares of Class B Common Stock.
- [F6]Includes 695,302 shares issuable on settlement of 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 shares of Class B Common Stock.
- [F7]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.
- [F8]Shares held by John N. Colis, not individually, but solely as Trustee of the Peter G. Colis Family Trust U/A/D 7/4/2021.
- [F9]Shares held by Cresset Trust Company, a South Dakota-charted public trust company solely as Trustee of the PGC Beta Trust U/A/D 10/18/2024.