Wealthfront director gets 2,126 shares in RSU vest
A WEALTHFRONT CORP director settled 2,126 RSUs into common stock as part of a scheduled quarterly vesting, increasing his directly held common shares.
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Form Type
4
Rhea-AI Filing Summary
WEALTHFRONT CORP (WLTH) director Michael Reed Schmidt reported an exercise and settlement of 2,126 Restricted Stock Units into 2,126 shares of Common Stock on September 15, 2026. The RSU award vests in quarterly installments on March 15, June 15, September 15, and December 15, subject to continued service. After this transaction, he held 27,637 Restricted Stock Units and 6,377 shares of Common Stock, all reported as directly owned.
Insider Trade Summary
2,126 shares exercised/converted
Exercise
2 txns
Insider
Schmidt Michael Reed
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2, F3 | 2,126 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,126 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 27,637 contracts (Direct);
Common Stock — 6,377 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 29,763 to 27,637 contracts (Direct);
Common Stock, 4,251 to 6,377 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- F2. 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.
- F3. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs exercised: 2,126 units
Common Stock acquired: 2,126 shares
Common Stock holdings after transaction: 6,377 shares
+3 more
6 metrics
RSUs exercised
2,126 units
Restricted Stock Units settled into Common Stock on September 15, 2026
Common Stock acquired
2,126 shares
Shares received upon RSU settlement on September 15, 2026
Common Stock holdings after transaction
6,377 shares
Directly owned by Michael Reed Schmidt after September 15, 2026
RSU holdings after transaction
27,637 units
Restricted Stock Units remaining after the September 15, 2026 vesting
Vesting frequency
1/16 of award quarterly
RSU vesting on March 15, June 15, September 15, and December 15
First vesting date
March 15, 2026
Initial tranche of the RSU award vested on this date
Key Terms
Restricted Stock Units, contingent right, vesting date, Common Stock
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of the Issuer's Common"
vesting date financial
"subject to the reporting person's continued service to the Issuer on each vesting date"
Common Stock financial
"receive one share of the Issuer's Common Stock upon settlement"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WEALTHFRONT CORP (WLTH) director Michael Reed Schmidt report on this Form 4?
He reported the exercise and settlement of 2,126 Restricted Stock Units into 2,126 shares of Common Stock on September 15, 2026, as part of a scheduled vesting of his RSU award.
Was the WEALTHFRONT CORP (WLTH) Form 4 transaction part of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being under a plan, so no Rule 10b5-1 trading plan is reported for these transactions.
What is the vesting schedule of the RSUs reported by WEALTHFRONT CORP (WLTH)?
The RSU award vests as to 1/16 of the total award quarterly on March 15, June 15, September 15, and December 15, starting with the first tranche on March 15, 2026, subject to continued service.
Do the WEALTHFRONT CORP (WLTH) Restricted Stock Units reported have an expiration date?
The filing states these Restricted Stock Units do not expire; they either vest according to the schedule or are cancelled prior to the vesting date.
What securities were involved in Michael Reed Schmidt’s WEALTHFRONT CORP (WLTH) Form 4 filing?
The filing involves Restricted Stock Units that represent a contingent right to receive Common Stock, and the resulting Common Stock issued upon settlement of 2,126 RSUs on September 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
