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.

SEC Form 4

FORM 4

UNITED 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

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X

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^*

DAG Ventures Management IV, LLC

(Last) (First) (Middle)

C/O DAG VENTURES LLC

251 LYTTON AVENUE, SUITE 200

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WEALTHFRONT CORP [ WLTH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/15/2025		C		1,134,899	A	(1)	1,167,469	I	By DAG Ventures IV, L.P.(2)
Common Stock	12/15/2025		C		10,738,874	A	(1)	11,047,106	I	By DAG Ventures IV-QP, L.P.(3)
Common Stock	12/15/2025		C		1,598,899	A	(1)	1,598,899	I	By DAG Ventures IV-A, LLC(4)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series C Preferred Stock	(1)	12/15/2025		C			430,596	(1)	(1)	Common Stock	430,596	(1)	0	I	By DAG Ventures IV, L.P.(2)
Series C Preferred Stock	(1)	12/15/2025		C			4,074,426	(1)	(1)	Common Stock	4,074,426	(1)	0	I	By DAG Ventures IV-QP, L.P.(3)
Series C Preferred Stock	(1)	12/15/2025		C			787,400	(1)	(1)	Common Stock	787,400	(1)	0	I	By DAG Ventures IV-A, LLC(4)
Series D Preferred Stock	(1)	12/15/2025		C			462,842	(1)	(1)	Common Stock	462,842	(1)	0	I	By DAG Ventures IV, L.P.(2)
Series D Preferred Stock	(1)	12/15/2025		C			4,379,624	(1)	(1)	Common Stock	4,379,624	(1)	0	I	By DAG Ventures IV-QP, L.P.(3)
Series D Preferred Stock	(1)	12/15/2025		C			333,176	(1)	(1)	Common Stock	333,176	(1)	0	I	By DAG Ventures IV-A, LLC(4)
Series E Preferred Stock	(1)	12/15/2025		C			133,936	(1)	(1)	Common Stock	133,936	(1)	0	I	By DAG Ventures IV, L.P.(2)
Series E Preferred Stock	(1)	12/15/2025		C			1,267,374	(1)	(1)	Common Stock	1,267,374	(1)	0	I	By DAG Ventures IV-QP, L.P.(3)
Series F Preferred Stock	(1)	12/15/2025		C			46,568	(1)	(1)	Common Stock	46,568	(1)	0	I	By DAG Ventures IV, L.P.(2)
Series F Preferred Stock	(1)	12/15/2025		C			440,642	(1)	(1)	Common Stock	440,642	(1)	0	I	By DAG Ventures IV-QP, L.P.(3)
Series G Preferred Stock	(1)	12/15/2025		C			48,124	(1)	(1)	Common Stock	48,124	(1)	0	I	By DAG Ventures IV, L.P.(2)
Series G Preferred Stock	(1)	12/15/2025		C			455,376	(1)	(1)	Common Stock	455,376	(1)	0	I	By DAG Ventures IV-QP, L.P.(3)
Series G Preferred Stock	(1)	12/15/2025		C			377,624	(1)	(1)	Common Stock	377,624	(1)	0	I	By DAG Ventures IV-A, LLC(4)
Series G-1 Preferred Stock	(1)	12/15/2025		C			12,833	(1)	(1)	Common Stock	12,833	(1)	0	I	By DAG Ventures IV, L.P.(2)
Series G-1 Preferred Stock	(1)	12/15/2025		C			121,432	(1)	(1)	Common Stock	121,432	(1)	0	I	By DAG Ventures IV-QP, L.P.(3)
Series G-1 Preferred Stock	(1)	12/15/2025		C			100,699	(1)	(1)	Common Stock	100,699	(1)	0	I	By DAG Ventures IV-A, LLC(4)

1. Name and Address of Reporting Person^*

DAG Ventures Management IV, LLC

(Last) (First) (Middle)

C/O DAG VENTURES LLC

251 LYTTON AVENUE, SUITE 200

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

DAG Ventures IV, L.P.

(Last) (First) (Middle)

C/O DAG VENTURES LLC

251 LYTTON AVENUE, SUITE 200

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

DAG Ventures IV-QP, L.P.

(Last) (First) (Middle)

C/O DAG VENTURES LLC

251 LYTTON AVENUE, SUITE 200

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

DAG Ventures IV-A, LLC

(Last) (First) (Middle)

C/O DAG VENTURES LLC

251 LYTTON AVENUE, SUITE 200

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Cadeddu John J.

(Last) (First) (Middle)

C/O DAG VENTURES LLC

251 LYTTON AVENUE, SUITE 200

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Goodrich R. Thomas

(Last) (First) (Middle)

C/O DAG VENTURES LLC

251 LYTTON AVENUE, SUITE 200

(Street)

PALO ALTO CA 94301

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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.

	DAG Ventures IV, L.P., By DAG Ventures Management IV, LLC, its General Partner, By /s/ John J. Cadeddu, Manager	12/17/2025
	DAG Ventures IV-QP, L.P., By DAG Ventures Management IV, LLC, its General Partner, By /s/ John J. Cadeddu, Manager	12/17/2025
	DAG Ventures IV-A, LLC, By DAG Ventures Management IV, LLC, its Manager, By /s/ John J. Cadeddu, Manager	12/17/2025
	DAG Ventures Management IV, LLC, By /s/ John J. Cadeddu, Manager	12/17/2025
	/s/ John J. Cadeddu	12/17/2025
	/s/ R. Thomas Goodrich	12/17/2025
	** Signature of Reporting Person	Date
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