[Form 4] WEALTHFRONT CORP Insider Trading Activity
Rhea-AI Filing Summary
Wealthfront Corp reported that a director and 10% owner converted multiple series of preferred stock into common shares on 12/15/2025 in connection with the completion of its initial public offering of common stock. According to the terms in its restated certificate of incorporation, each share of the preferred stock series automatically converted into common stock at a 1-for-1 ratio and the preferred securities have no expiration date.
Following these conversions, the Rachleff Family Revocable Trust UTD 5/19/92, for which the reporting person and spouse are co-trustees, beneficially owns 16,424,204 Wealthfront common shares indirectly. Two additional 2015 irrevocable trusts for the reporting person’s children each directly hold 403,225 common shares, with the reporting person and spouse also serving as co-trustees of those trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Preferred Stock | 1,012,500 | $0.00 | -- |
| Conversion | Series B Preferred Stock | 2,832,280 | $0.00 | -- |
| Conversion | Series C Preferred Stock | 298,160 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 3,704,406 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 158,278 | $0.00 | -- |
| Conversion | Series G Preferred Stock | 761,294 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 203,009 | $0.00 | -- |
| Conversion | Common Stock | 1,012,500 | $0.00 | -- |
| Conversion | Common Stock | 2,832,280 | $0.00 | -- |
| Conversion | Common Stock | 298,160 | $0.00 | -- |
| Conversion | Common Stock | 3,704,406 | $0.00 | -- |
| Conversion | Common Stock | 158,278 | $0.00 | -- |
| Conversion | Common Stock | 761,294 | $0.00 | -- |
| Conversion | Common Stock | 203,009 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Pursuant to the Issuer's Restated Certificate of Incorporation, each share of Series D Convertible Preferred Stock, Series E Convertible Preferred Stock, Series F Convertible Preferred Stock, Series G Convertible Preferred Stock, or Series G-1 Convertible Preferred Stock (collectively, "Preferred Stock") may be converted, at the option of the holder, at any time. In connection with the completion of the Issuer's initial public offering of its Common Stock, each share of Preferred Stock automatically converted into shares of Common Stock at a ratio of 1-for-1. The securities have no expiration date. The reported securities are directly held by the Rachleff Family Revocable Trust UTD 5/19/92, for which the reporting person and his spouse serve as co-trustees, and of which the reporting person and his household members are the beneficiaries. The reported securities are directly held by The Jake Alexander Rachleff 2015 Irrevocable Trust u/a/d 5/15/2015, for which the reporting person and his spouse serve as co-trustees, and of which their child is the beneficiary. The reported securities are directly held by The Shelby Elizabeth Rachleff 2015 Irrevocable Trust u/a/d 5/15/2015, for which the reporting person and his spouse serve as co-trustees, and of which their child is the beneficiary.
