Wang Lingke, President and Director of Ethos Technologies Inc. (NASDAQ:LIFE), filed a Form 4 on September 18, 2026, disclosing the conversion of Class B Common Stock and the sale of Class A Common Stock on September 17, 2026, pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Conversion: Wang Lingke converted 118,333 shares of Class B Common Stock into 118,333 shares of Class A Common Stock on September 17, 2026, at a price of $0.
  • First sale tranche: 7,431 shares of Class A Common Stock were sold at a weighted average price of $38.36, with individual transaction prices ranging from $37.585 to $38.58.
  • Second sale tranche: 110,587 shares of Class A Common Stock were sold at a weighted average price of $39, with individual transaction prices ranging from $38.605 to $39.55.
  • Third sale tranche: 315 shares of Class A Common Stock were sold at $39.67 per share.
  • Remaining direct ownership: Following all reported transactions, Wang Lingke directly held 1,537,543 shares of Class A Common Stock (including shares issuable on settlement of restricted stock units).
  • 10b5-1 plan: According to the filing, all three sales were made pursuant to a Rule 10b5-1 trading plan adopted by Wang Lingke on May 20, 2026.

Wang Lingke's Class B Conversion and Planned Share Sales at Ethos Technologies

According to the Form 4 filed with the SEC, Wang Lingke, who serves as President and Director of Ethos Technologies Inc., executed a series of transactions in Class A Common Stock on September 17, 2026. The filing discloses that Wang first converted 118,333 shares of Class B Common Stock into an equal number of Class A Common Stock shares. Per the filing, each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock, and each share also automatically converts upon sale or transfer, subject to certain exceptions described in the issuer's amended and restated certificate of incorporation. The Class B Common Stock has no expiration, according to the filing.

Following the conversion, Wang Lingke sold a total of 118,333 shares of Class A Common Stock across three separate transactions, all on September 17, 2026. The filing states that these sales occurred pursuant to a Rule 10b5-1 trading plan adopted on May 20, 2026, and were executed "pursuant to the pre-established terms of such plan rather than as a result of a discretionary decision by the Reporting Person to sell shares at that time." The weighted average prices reported were $38.36 and $39 for the first two tranches, respectively, while the third tranche of 315 shares transacted at $39.67. For the first two tranches, the reporting person has undertaken to provide full per-price detail upon request to the issuer, any security holder, or SEC staff.

The filing also reports that Wang Lingke holds indirect beneficial ownership in Class B Common Stock through a spouse and seven separate trusts, including The B 2024 Trust, The J 2024 Trust, The K 2024 Trust, The L 2024 Trust, The D 2024 Trust, The W 2024 Trust, and The X 2024 Trust. The filing notes that Wang Lingke disclaims beneficial ownership of shares held by the trusts except to the extent of any pecuniary interest therein. After all reported transactions, Wang Lingke's directly held Class A Common Stock totaled 1,537,543 shares, with 3,811,283 Class B Common Stock shares remaining directly held.

What Was Disclosed

The filing reports the conversion of 118,333 Class B shares into Class A shares and the subsequent sale of 118,333 Class A shares by Ethos Technologies President Wang Lingke on September 17, 2026, under a Rule 10b5-1 plan adopted May 20, 2026.