Recent advances in egocentric video understanding models are promising, but their heavy computational expense is a barrier for many real-world applications. To address this challenge, we propose EgoDistill, a distillation-based approach that learns to reconstruct heavy ego-centric video clip features by combining the semantics from a sparse set of video frames with head motion from lightweight IMU readings. We further devise a novel IMU-based self-supervised pretraining strategy. Our method leads to significant improvements in efficiency, requiring 200× fewer GFLOPs than equivalent video models. We demonstrate its effectiveness on the Ego4D and EPIC- Kitchens datasets, where our method outperforms state-of-the-art efficient video understanding methods.