Wealthfront Corp (WLTH) directors report large preferred-to-common conversion
Rhea-AI Filing Summary
Wealthfront Corp reported that investment entities affiliated with DAG Ventures converted multiple series of preferred stock into common stock in connection with the company’s initial public offering. On 12/15/2025, DAG Ventures IV, L.P. acquired 1,134,899 shares of common stock and held 1,167,469 shares indirectly afterward. DAG Ventures IV-QP, L.P. acquired 10,738,874 shares and held 11,047,106 shares indirectly, while DAG Ventures IV-A, LLC acquired and held 1,598,899 shares of common stock indirectly.
The filing shows that Series C, D, E, F, G and G-1 preferred stock automatically converted on a 1-for-1 basis into common stock immediately before the IPO closing, for no additional consideration and with no expiration date. All listed preferred stock positions in these DAG funds went to zero as they converted into the indicated amounts of common stock, and the reporting persons are identified as directors of Wealthfront Corp.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series C Preferred Stock | 430,596 | $0.00 | -- |
| Conversion | Series C Preferred Stock | 4,074,426 | $0.00 | -- |
| Conversion | Series C Preferred Stock | 787,400 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 462,842 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 4,379,624 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 333,176 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 133,936 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 1,267,374 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 46,568 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 440,642 | $0.00 | -- |
| Conversion | Series G Preferred Stock | 48,124 | $0.00 | -- |
| Conversion | Series G Preferred Stock | 455,376 | $0.00 | -- |
| Conversion | Series G Preferred Stock | 377,624 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 12,833 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 121,432 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 100,699 | $0.00 | -- |
| Conversion | Common Stock | 1,134,899 | $0.00 | -- |
| Conversion | Common Stock | 10,738,874 | $0.00 | -- |
| Conversion | Common Stock | 1,598,899 | $0.00 | -- |
Footnotes (1)
- Each share of Series C, Series D, Series E, Series F, Series G and Series G-1 Preferred Stock automatically converted immediately prior to the closing of the Issuer's initial public offering for no additional consideration on a 1-for-1 basis and had no expiration date. Securities are directly held by DAG Ventures IV, L.P. ("DAG IV"). DAG Ventures Management IV, LLC ("DAG IV LLC") is the general partner of DAG IV. Messrs. Cadeddu and Goodrich are the managers of DAG IV LLC and may be deemed to share voting and dispositive power over the securities held by DAG IV. Each of DAG IV LLC and Messrs. Cadeddu and Goodrich disclaims beneficial ownership of these securities except to the extent of its or his proportionate pecuniary interest therein. Securities are directly held by DAG Ventures IV-QP, L.P. ("DAG IV-QP"). DAG IV LLC is the general partner of DAG IV-QP. Messrs. Cadeddu and Goodrich are the managers of DAG IV LLC and may be deemed to share voting and dispositive power over the securities held by DAG IV-QP. Each of DAG IV LLC and Messrs. Cadeddu and Goodrich disclaims beneficial ownership of these securities except to the extent of its or his proportionate pecuniary interest therein. Securities are directly held by DAG Ventures IV-A, LLC ("DAG IV-A"). DAG IV LLC is the manager of DAG IV-A. Messrs. Cadeddu and Goodrich are the managers of DAG IV LLC and may be deemed to share voting and dispositive power over the securities held by DAG IV-A. Each of DAG IV LLC and Messrs. Cadeddu and Goodrich disclaims beneficial ownership of these securities except to the extent of its or his proportionate pecuniary interest therein.
