Accel Growth Fund IV L.P. and affiliated entities filed a Form 4 with the SEC on August 13, 2026, disclosing pro-rata in-kind distributions of Class A Common Stock of Ethos Technologies Inc. (NASDAQ:LIFE) made on August 11, 2026, for no consideration.

Key Highlights

  • Three distributions, no consideration: Accel Growth Fund IV L.P. distributed 711,900 shares, Accel Growth Fund Investors 2016 L.L.C. distributed 34,050 shares, and Accel Growth Fund IV Strategic Partners L.P. distributed 4,050 shares of Class A Common Stock, all for $0.
  • Transaction date: All distributions occurred on August 11, 2026.
  • Post-distribution holdings: Following the transactions, Accel Growth Fund IV L.P. directly holds 0 shares of Class A Common Stock; related indirect holdings through the two affiliated entities also reduced to 0.
  • Remaining derivative securities: After the conversions, Accel Growth Fund IV L.P. holds 4,373,831 shares of Class B Common Stock (direct); Accel Growth Fund Investors 2016 L.L.C. holds 209,205 shares (indirect); and Accel Growth Fund IV Strategic Partners L.P. holds 24,879 shares (indirect).
  • Conversion feature: According to the filing, each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock, with no expiration date.
  • Exemptions cited: The filing states all distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.

Accel Growth Fund IV Pro-Rata Share Distributions in Detail

According to the filing, on August 11, 2026, Accel Growth Fund IV L.P. first converted 711,190 shares of Class B Common Stock into Class A Common Stock, then distributed 711,900 shares of Class A Common Stock to its limited partners and to Accel Growth Fund IV Associates L.L.C., the general partner, representing each partner's pro-rata interest. On the same date, Accel Growth Fund IV Associates L.L.C. distributed the shares it received in that distribution to its own members on a pro-rata basis. The filing describes these transactions as using transaction code "C" (conversion) and "J" (other) at a price of $0.

Separately, Accel Growth Fund Investors 2016 L.L.C. distributed 34,050 shares of Class A Common Stock to its members for no consideration, and Accel Growth Fund IV Strategic Partners L.P. distributed 4,050 shares of Class A Common Stock to its limited partners and to Accel Growth Fund IV Associates L.L.C., with the latter then distributing those shares to its members. The filing states that all of these distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.

The four reporting persons - Accel Growth Fund IV L.P., Accel Growth Fund Investors 2016 L.L.C., Accel Growth Fund IV Strategic Partners L.P., and Accel Growth Fund IV Associates L.L.C. - are each identified in the filing as 10% owners of Ethos Technologies Inc. All four entities are located at 500 University Avenue, Palo Alto, California 94301. The form was signed by Jaspreet Singh as Attorney-in-Fact on behalf of each entity on August 13, 2026.

What Was Disclosed

The filing reports that three Accel-affiliated funds distributed a combined 750,000 shares of Ethos Technologies Class A Common Stock to their respective partners and members for no consideration on August 11, 2026, citing exemptions under Rules 16a-13 and 16a-9.