Wang Lingke, President of Ethos Technologies Inc. (NASDAQ:LIFE), sold a total of 46,349 shares of Class A Common Stock on May 15, 2026, for a total value of $1,024,560.
The transactions were primarily conducted to satisfy tax withholding obligations related to the vesting of restricted stock units. The sales came as the stock has declined roughly 22% over the past week, now trading at $19.08.
The shares were sold in two separate transactions. The first involved 39,495 shares at a weighted average price of $21.99, with prices ranging from $21.66 to $22.64. The second transaction saw the sale of 6,854 shares at a weighted average price of $22.77, with prices ranging from $22.695 to $22.88.
On the same date, Mr. Wang also exchanged 69,534 shares of Class A Common Stock for an equal number of Class B Common Stock. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and does not have an expiration date.
According to Bond.az analysis, Ethos Technologies appears undervalued at current levels based on its Fair Value assessment. The company, valued at $1.3 billion, is scheduled to report earnings on June 4.
Following these transactions, Mr. Wang directly holds 695,302 shares of Class A Common Stock. His direct holdings of Class B Common Stock now stand at 4,012,813 shares. Additionally, Mr. Wang holds indirect beneficial ownership of Class B Common Stock through various trusts and by his spouse.
In other recent news, Ethos Technologies reported significant Q1 2026 results with revenues reaching $193 million, a 104% increase year-over-year. BofA Securities noted the total revenue was 33% above Street estimates. Citizens raised its price target to $27, while BofA increased its target to $28.
