SC US (TTGP), LTD. and affiliated Sequoia Capital entities filed a Form 4 with the SEC on August 21, 2026, reporting conversions of Class B Common Stock and sales of Class A Common Stock in Ethos Technologies Inc. (NASDAQ:LIFE) on August 19 and August 20, 2026.

Key Highlights

  • Reporting person: SC US (TTGP), LTD., identified as a 10% owner, filed on behalf of multiple Sequoia Capital-affiliated entities.
  • Conversions: On August 19, 2026, 19,349 and 15,472 shares of Class B Common Stock were converted into Class A Common Stock at $0 through entities Spelunker Channel Holdings, LLC and Nalrena, L.L.C., respectively.
  • Additional conversions: On August 20, 2026, a further 59,897 and 47,898 Class B shares were converted into Class A shares at $0 through the same two entities.
  • Sales on August 19, 2026: 19,349 Class A shares sold through Spelunker Channel Holdings, LLC and 15,472 through Nalrena, L.L.C., both at a weighted average price of $32.8215, leaving 0 shares in each entity following those transactions.
  • Sales on August 20, 2026: Additional Class A shares were sold through both entities across multiple tranches at weighted average prices of $32.522, $33.3745, and $34.0517, with all remaining shares in both entities reduced to 0 following the final tranche.
  • Remaining Class B holdings: The filing reports Class B Common Stock positions underlying Class A shares still held indirectly, including 6,823,189 shares through Sequoia Capital U.S. Venture Fund XV, L.P. and 1,812,546 shares through Sequoia Capital U.S. Growth Fund VIII, L.P., among others.

SC US (TTGP), LTD. Converts and Sells Ethos Technologies Class A Shares Across Two Days

According to the filing, SC US (TTGP), LTD. reported transactions involving Class A and Class B Common Stock of Ethos Technologies Inc. on August 19 and August 20, 2026. The filing states that the issuer's Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the holder and has no expiration date. All conversions were reported at a price of $0.

On August 19, 2026, the filing reports that Spelunker Channel Holdings, LLC converted 19,349 Class B shares and then sold the resulting 19,349 Class A shares at a weighted average price of $32.8215. Nalrena, L.L.C. executed the same sequence with 15,472 shares at the same weighted average price. The filing notes that August 19 sales occurred in multiple transactions at prices ranging from $32.2472 to $33.0547, inclusive. On August 20, 2026, Spelunker Channel Holdings, LLC and Nalrena, L.L.C. converted additional shares (59,897 and 47,898, respectively) and sold them across three tranches at weighted average prices of $32.522, $33.3745, and $34.0517. Following all reported transactions, both entities held 0 Class A shares.

The filing identifies SC US SSF 2013 (TTGP), L.L.C. as general partner of entities that ultimately wholly own both Spelunker Channel Holdings, LLC and Nalrena, L.L.C., collectively referred to as the "Scout Funds." The filing states that each of those upstream entities "disclaims beneficial ownership of the securities held by the Scout Funds except to the extent of its pecuniary interest therein." Separate from the Scout Fund activity, the filing also lists ongoing indirect beneficial ownership of Class B shares across several other Sequoia-affiliated funds, including 6,823,189 shares through Sequoia Capital U.S. Venture Fund XV, L.P., 287,297 through Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., 103,310 through Sequoia Capital U.S. Venture Partners Fund XV, L.P., 1,052,540 through Sequoia Capital U.S. Venture XV Principals Fund, L.P., and 1,812,546 through Sequoia Capital U.S. Growth Fund VIII, L.P.

What Was Disclosed

The filing disclosed conversions of Class B Common Stock into Class A Common Stock and subsequent sales of Class A shares in Ethos Technologies Inc. through two Scout Fund entities on August 19 and 20, 2026, with all such Class A positions reduced to zero following the transactions.