FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SOFTBANK GROUP CORP.
2. Issuer Name and Ticker or Trading Symbol

Ethos Technologies Inc. [ LIFE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

1-7-1, KAIGAN, 
3. Date of Earliest Transaction (MM/DD/YYYY)

1/30/2026
(Street)

MINATO-KU TOKYO, M0 105-7537
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person
(City)        (State)        (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 1/30/2026  C  2,697,089 A (1)3,128,902 I See footnote (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Series A-2 Preferred Stock  (1)1/30/2026  C     11,830   (1) (1)Class A Common Stock 11,881  (1)0 I See footnote (2)
Series A Preferred Stock  (1)1/30/2026  C     394,139   (1) (1)Class A Common Stock 395,837  (1)0 I See footnote (2)
Series D-1 Preferred Stock  (1)1/30/2026  C     2,192,203   (1) (1)Class A Common Stock 2,289,371  (1)0 I See footnote (2)

Explanation of Responses:
(1) Upon the closing of the Issuer's initial public offering (the "IPO"), all shares of Series A, Series A-2, and Series D-1 Preferred Stock automatically converted into shares of Class A Common Stock of the Issuer based on a ratio dependent on the public offerig price of the Class A Common Stock in the IPO.
(2) Securities held directly by SVF II Aggregator (DE) LLC ("SVF"). SoftBank Group Corp., which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SB Global Advisers Limited, which has been appointed as manager and is responsible for making final decisions related to the acquisition, structuring, financing and disposal of SoftBank Vision Fund II-2 L.P.'s investments, including as held by SVF. SoftBank Vision Fund II-2 L.P. is the sole limited partner of SVF II Aggregator (Jersey) LP, which is the sole member of SVF II Holdings (DE) LLC, which is the sole limited partner of SVF II Investment Holdings (Jersey) L.P., which is the sole member of SVF II Investment Holdings LLC, which is the sole member of SVF II Investment Holdings (Subco) LLC, which is the sole member of SVF. As a result of these relationships, each of these entities may be deemed to share beneficial ownership of the securities held of record by SVF.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
SOFTBANK GROUP CORP.
1-7-1, KAIGAN
MINATO-KU TOKYO, M0 105-7537

X

SB Global Advisers Ltd
69 GROSVENOR STREET,
LONDON,, X0 W1K 3JP

X

SOFTBANK VISION FUND II-2 L.P.
C/O GEN II (JERSEY) LIMITED,
47 ESPLANADE,
ST. HELIER,, Y9 JE1 0BD

X

SVF II Aggregator (Jersey) L.P.
C/O GEN II (JERSEY) LIMITED,
47 ESPLANADE,
ST. HELIER,, Y9 JE1 0BD

X

SVF II Holdings (DE) LLC
1521 CONCORD PIKE,
WILMINGTON,, DE 19803

X


Signatures
SoftBank Group Corp., By: /s/ Yuko Yamamoto, Head of Corporate Legal Department2/3/2026
**Signature of Reporting PersonDate

SB Global Advisers Limited, By: /s/ Stephen Lam, General Counsel2/3/2026
**Signature of Reporting PersonDate

SoftBank Vision Fund II-2 L.P., By: SB Global Advisers Limited, its Manager, By: /s/ Stephen Lam, General Counsel2/3/2026
**Signature of Reporting PersonDate

SVF II Aggregator (Jersey) L.P., By: /s/ Michael Johnson, Director2/3/2026
**Signature of Reporting PersonDate

SVF II Holdings (DE) LLC, By: /s/ Jonathan Duckles, Director2/3/2026
**Signature of Reporting PersonDate

SVF II Investment Holdings (Jersey) L.P., By: SVF II GP (Jersey) Limited, its general partner, By: /s/ Robert Milner2/3/2026
**Signature of Reporting PersonDate

SVF II Investment Holdings LLC, By: /s/ Jonathan Duckles, Director2/3/2026
**Signature of Reporting PersonDate

SVF II Investment Holdings (Subco) LLC, By: /s/ Jonathan Duckles, Director2/3/2026
**Signature of Reporting PersonDate

SVF II Aggregator (DE) LLC, By: /s/ Jonathan Duckles, Director2/3/2026
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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