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WEALTHFRONT (WLTH) CEO Fortunato nets RSU shares as taxes paid in stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

WEALTHFRONT CORP CEO David Fortunato reported compensation-related equity activity involving restricted stock units and associated tax withholding. On June 15, 2026, he exercised derivative awards to acquire an aggregate of 215,174 shares of Common Stock through restricted stock unit settlements. In connection with these settlements, 116,088 shares of Common Stock were withheld at $8.80 per share to satisfy tax withholding liabilities, a non‑market disposition. Following these transactions, Fortunato directly held 1,895,553 shares of Common Stock, with an additional 61,996 shares indirectly held by his spouse. The restricted stock units vest in equal quarterly installments on June 15, September 15, December 15, and March 15, subject to his continued service.

Positive

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Insider Fortunato David
Role CEO and President
Type Security Shares Price Value
Exercise Restricted Stock Units 76,462 $0.00 --
Exercise Restricted Stock Units 79,181 $0.00 --
Exercise Restricted Stock Units 59,531 $0.00 --
Exercise Common Stock 76,462 $0.00 --
Exercise Common Stock 79,181 $0.00 --
Exercise Common Stock 59,531 $0.00 --
Tax Withholding Common Stock 116,088 $8.80 $1.02M
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 229,388 shares (Direct, null); Common Stock — 1,872,929 shares (Direct, null); Common Stock — 61,996 shares (Indirect, By Spouse)
Footnotes (1)
  1. The transaction represents the number of shares of Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units. The reported securities are directly held by the reporting person's spouse. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2023. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2024. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2025.
RSU shares settled 215,174 shares Common Stock acquired via RSU settlements on June 15, 2026
Shares withheld for taxes 116,088 shares Common Stock withheld at $8.80 per share for tax liabilities
Tax withholding price $8.80 per share Value used for shares withheld to satisfy tax obligations
Direct holdings after transactions 1,895,553 shares Common Stock directly held by Fortunato following June 15, 2026 activity
Indirect spouse holdings 61,996 shares Common Stock held by Fortunato’s spouse as reported
RSU quarterly vesting fraction 1/16 of award Vests quarterly on June 15, September 15, December 15, March 15
Restricted Stock Units financial
"The award vested or vests as to 1/16 of the total award quarterly..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding liabilities financial
"shares of Common Stock withheld by the Issuer to satisfy tax withholding liabilities..."
net settlement financial
"in connection with the net settlement of restricted stock units."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share..."
vesting date financial
"subject to the reporting person's continued service to the Issuer on each vesting date..."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Fortunato David
(Last)(First)(Middle)
C/O WEALTHFRONT CORPORATION
261 HAMILTON AVENUE
(Street)
PALO ALTO CALIFORNIA 94301
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
WEALTHFRONT CORP [ WLTH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction 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)
CodeVAmount(A) or (D)Price
Common Stock06/15/2026M76,462A$01,872,929D
Common Stock06/15/2026M79,181A$01,952,110D
Common Stock06/15/2026M59,531A$02,011,641D
Common Stock06/15/2026F(1)116,088D$8.81,895,553D
Common Stock61,996IBy Spouse(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. 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: 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
Restricted Stock Units(3)06/15/2026M76,462 (4) (5)Common Stock76,462$0229,388D
Restricted Stock Units(3)06/15/2026M79,181 (6) (5)Common Stock79,181$0554,269D
Restricted Stock Units(3)06/15/2026M59,531 (7) (5)Common Stock59,531$0654,844D
Explanation of Responses:
1. The transaction represents the number of shares of Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
2. The reported securities are directly held by the reporting person's spouse.
3. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
4. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2023.
5. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
6. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2024.
7. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2025.
/s/ Lauren Lin, as Attorney-in-Fact06/17/2026
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did WLTH CEO David Fortunato report on June 15, 2026?

David Fortunato reported equity activity tied to restricted stock units. He acquired 215,174 shares of WEALTHFRONT CORP Common Stock through RSU settlements and had 116,088 shares withheld at $8.80 per share to cover tax obligations rather than selling shares on the open market.

Were any of David Fortunato’s WLTH share movements open-market sales or purchases?

The reported activity did not include open-market buys or sells. Shares were acquired through derivative exercises of restricted stock units and a portion, 116,088 shares, was withheld by the issuer solely to satisfy tax withholding liabilities related to those equity awards.

How many WEALTHFRONT CORP shares does David Fortunato hold after these Form 4 transactions?

After the reported transactions, David Fortunato directly held 1,895,553 shares of WEALTHFRONT CORP Common Stock. Additionally, 61,996 shares of Common Stock are indirectly held by his spouse, as disclosed, which are reported separately from his direct ownership position.

What role do restricted stock units play in WLTH CEO David Fortunato’s compensation?

Restricted stock units are a key part of Fortunato’s equity compensation. Each RSU represents a contingent right to receive one WEALTHFRONT CORP share and vests in 1/16 increments quarterly, subject to his continued service, then settles into Common Stock upon each vesting date.

How frequently do David Fortunato’s WLTH restricted stock units vest under the current awards?

The RSU awards vest quarterly in equal 1/16 installments. Vesting occurs on the fifteenth calendar day of June, September, December, and March, beginning with initial tranches that started on June 15, 2023, June 15, 2024, and June 15, 2025, depending on the specific award.