SC US (TTGP), Ltd. and affiliated Sequoia Capital entities filed a Form 4 on September 10, 2026, disclosing Class B Common Stock conversions and subsequent in-kind distributions of Class A Common Stock of Ethos Technologies Inc. (NASDAQ:LIFE) dated September 8, 2026.

Key Highlights

  • Conversion transactions: Five Sequoia-affiliated funds converted Class B Common Stock into Class A Common Stock on a one-for-one basis at $0 price on September 8, 2026.
  • Total Class A shares acquired via conversion: 1,605,456 shares by Sequoia Capital U.S. Venture Fund XV, L.P.; 67,599 by Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.; 24,308 by Sequoia Capital U.S. Venture Partners Fund XV, L.P.; 247,656 by Sequoia Capital U.S. Venture XV Principals Fund, L.P.; and 426,482 by Sequoia Capital U.S. Growth Fund VIII, L.P.
  • In-kind distributions: All converted Class A shares were subsequently distributed pro rata to partners or members for no consideration, resulting in zero Class A beneficial ownership in each fund following the distributions.
  • Remaining Class B holdings: After the conversions, Class B shares remaining include 4,013,641 for Sequoia Capital U.S. Venture Fund XV, L.P.; 168,999 for Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.; 60,771 for Sequoia Capital U.S. Venture Partners Fund XV, L.P.; 619,142 for Sequoia Capital U.S. Venture XV Principals Fund, L.P.; and 1,066,202 for Sequoia Capital U.S. Growth Fund VIII, L.P.
  • Reporting persons: Eight entities filed jointly, all located at 2800 Sand Hill Road Suite 101, Menlo Park, California 94025, each identified as a 10% owner.
  • Disclaimer of beneficial ownership: According to the filing, SC US (TTGP), Ltd., SC U.S. Growth VIII Management, L.P., and SC U.S. Venture XV Management, L.P. each disclaim beneficial ownership of the reported shares except to the extent of their respective pecuniary interest.

Sequoia Capital Entities Convert and Distribute Ethos Technologies Shares

According to the filing, SC US (TTGP), Ltd. serves as the general partner of SC U.S. Growth VIII Management, L.P., which is itself the general partner of Sequoia Capital U.S. Growth Fund VIII, L.P. SC US (TTGP), Ltd. also serves as the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of four XV Funds. As a result, the filing states, SC US (TTGP), Ltd. may be deemed to share voting and dispositive power over shares held by those funds.

The transactions reported on September 8, 2026, involved two steps. First, each of the five funds converted shares of Class B Common Stock into Class A Common Stock at a one-for-one ratio and at a price of $0, using transaction code "C." The filing notes that the Class B Common Stock "is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the option of the holder thereof and has no expiration date." Second, all of the newly converted Class A shares were disposed of through transaction code "J," described as "a pro rata in-kind distribution of shares of Class A Common Stock of the Issuer to partners or members for no consideration," including subsequent pro rata in-kind distributions by general partners or managing members to their own partners or members, also for no consideration.

Following both sets of transactions, each fund's reported beneficial ownership of Class A Common Stock stands at zero, while Class B Common Stock holdings remain across all five funds. The filing was signed by Jung Yeon Son acting by power of attorney for SC US (TTGP), Ltd. and the relevant affiliated entities on September 10, 2026.

What Was Disclosed

The filing reported Class B to Class A conversions and immediate pro rata in-kind distributions of Class A Common Stock of Ethos Technologies Inc. across five Sequoia Capital funds on September 8, 2026, with all conversions and disposals occurring at $0 consideration.