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

Key Highlights

  • Conversion transactions: Class B Common Stock was converted into Class A Common Stock on a one-for-one basis at $0 on both August 19 and August 20, 2026, across two holding entities: Spelunker Channel Holdings, LLC and Nalrena, L.L.C.
  • August 19 sales: 19,349 shares held through Spelunker Channel Holdings, LLC and 15,472 shares held through Nalrena, L.L.C. were sold at a weighted average price of $32.8215 per share, reducing both positions to zero.
  • August 20 sales: Additional shares were sold through both entities in three separate tranches at weighted average prices of $32.522, $33.3745, and $34.0517, also reducing both positions to zero.
  • August 20 price ranges: The three sale tranches carried individual transaction price ranges of $31.8450 to $32.8350, $32.8450 to $33.8400, and a third range with a weighted average of $34.0517 per share.
  • Resulting ownership: Following all reported transactions, beneficial ownership of Class A Common Stock held through Spelunker Channel Holdings, LLC and Nalrena, L.L.C. is reported as 0 shares each.
  • Remaining Class B holdings: The filing reports Class B Common Stock positions (convertible to Class A on a one-for-one basis) held indirectly through several Sequoia Capital funds, including 6,823,189 shares through Sequoia Capital U.S. Venture Fund XV, L.P.
  • Reporting relationship: SC US (TTGP), LTD. is identified as a 10% owner of Ethos Technologies Inc.

SC US (TTGP), LTD. Converts and Sells LIFE Shares Via Scout Fund Entities

According to the filing, the primary reporting person is SC US (TTGP), LTD., located at 2800 Sand Hill Road Suite 101, Menlo Park, California 94025. The transactions involved two indirect holding vehicles: Spelunker Channel Holdings, LLC and Nalrena, L.L.C. The filing discloses that SC US SSF 2013 (TTGP), L.L.C. serves as the general partner of SC U.S. Scout Seed Fund 2013 Management, L.P., which in turn is the general partner of Sequoia Capital U.S. Scout Seed Fund 2013, L.P., which wholly owns Sequoia Capital U.S. Scout Fund IV, L.L.C., which itself wholly owns both Nalrena, L.L.C. and Spelunker Channel Holdings, LLC, collectively referred to in the filing as the "Scout Funds."

On August 19, 2026, the filing reports that Class B Common Stock was converted into Class A Common Stock (transaction code C) at $0 per share, with 19,349 shares acquired through Spelunker Channel Holdings, LLC and 15,472 shares acquired through Nalrena, L.L.C. Those same share amounts were then sold (transaction code S) at a weighted average price of $32.8215, with individual transaction prices ranging from $32.2472 to $33.0547, according to the filing. Following these sales, both positions were reduced to zero.

On August 20, 2026, the filing reports further conversions of 59,897 shares through Spelunker Channel Holdings, LLC and 47,898 shares through Nalrena, L.L.C., again at $0. These were subsequently sold in multiple tranches. The filing also discloses that several Sequoia Capital funds continue to hold Class B Common Stock convertible into Class A Common Stock, including 6,823,189 shares through Sequoia Capital U.S. Venture Fund XV, L.P., 1,812,546 shares through Sequoia Capital U.S. Growth Fund VIII, L.P., 1,052,540 shares through Sequoia Capital U.S. Venture XV Principals Fund, L.P., 287,297 shares through Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., and 103,310 shares through Sequoia Capital U.S. Venture Partners Fund XV, L.P.

What Was Disclosed

The filing reports the conversion of Class B Common Stock into Class A Common Stock and the subsequent sale of those shares through two Scout Fund entities affiliated with Sequoia Capital, across two trading days in August 2026, with all converted shares sold and both positions brought to zero.