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WEALTHFRONT CORP (WLTH) director exercises 2,126 RSUs into common stock

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

Rhea-AI Filing Summary

WEALTHFRONT CORP director Michael Reed Schmidt exercised restricted stock units into common shares in a compensation-related transaction. On June 15, 2026, he acquired 2,126 shares of Common Stock through the exercise of restricted stock units. Following the transaction, he directly held 4,251 shares of Common Stock and 29,763 Restricted Stock Units. Each restricted stock unit represents a right to receive one share of common stock upon settlement, and the award vests in sixteenth increments quarterly, subject to continued service.

Positive

  • None.

Negative

  • None.
Insider Schmidt Michael Reed
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 2,126 $0.00 --
Exercise Common Stock 2,126 $0.00 --
Holdings After Transaction: Restricted Stock Units — 29,763 shares (Direct, null); Common Stock — 4,251 shares (Direct, null)
Footnotes (1)
  1. 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 March, June, September, and December, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on March 15, 2026. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Common shares acquired 2,126 shares Exercise of restricted stock units on June 15, 2026
Common shares held after 4,251 shares Direct holdings following transaction
RSUs transacted 2,126 units Restricted Stock Units exercised into common stock
RSUs remaining 29,763 units Restricted Stock Units held after the transaction
Exercise price per share $0.0000/share Reported for RSU exercise into common stock
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement."
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
vesting date financial
"subject to the reporting person's continued service to the Issuer on each vesting date"
derivative financial
"transaction_type: derivative"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
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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*
Schmidt Michael Reed
(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
Officer (give title below)Other (specify below)
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 Stock06/15/2026M2,126A$04,251D
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(1)06/15/2026M2,126 (2) (3)Common Stock2,126$029,763D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
2. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of March, June, September, and December, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on March 15, 2026.
3. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
/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 transaction did WEALTHFRONT CORP (WLTH) report for Michael Reed Schmidt?

WEALTHFRONT CORP reported that director Michael Reed Schmidt acquired 2,126 shares of Common Stock by exercising restricted stock units. This is a compensation-related derivative exercise, not an open-market purchase or sale, and reflects the vesting and settlement of equity awards.

How many WEALTHFRONT CORP (WLTH) shares does Michael Reed Schmidt hold after this Form 4?

After the reported transactions, Michael Reed Schmidt directly holds 4,251 shares of WEALTHFRONT CORP Common Stock. In addition, he holds 29,763 Restricted Stock Units, each representing a contingent right to receive one share of common stock upon settlement, subject to vesting.

What was the size of the restricted stock unit exercise for WEALTHFRONT CORP (WLTH)?

The Form 4 shows an exercise of 2,126 Restricted Stock Units into 2,126 shares of WEALTHFRONT CORP Common Stock. The transaction code was “M,” indicating an exercise or conversion of a derivative security, and the price per share for the exercise was reported as $0.0000.

How do Michael Reed Schmidt’s WEALTHFRONT CORP (WLTH) restricted stock units vest?

His restricted stock unit award vests as to 1/16 of the total award quarterly on March 15, June 15, September 15, and December 15. Vesting is conditioned on his continued service with WEALTHFRONT CORP on each vesting date, and unvested units may be cancelled.

Do Michael Reed Schmidt’s WEALTHFRONT CORP (WLTH) restricted stock units expire?

The filing states that these restricted stock units do not expire. Instead, they either vest on scheduled quarterly vesting dates, subject to continued service, or are cancelled prior to vesting. Each vested unit entitles him to receive one share of WEALTHFRONT CORP Common Stock upon settlement.