Wealthfront (WLTH) director receives 17,007 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEALTHFRONT CORP director Jaleh Bisharat exercised restricted stock units into common shares as part of equity compensation. On March 15, 2026, 17,007 restricted stock units were converted into 17,007 shares of common stock at a price of $0.00 per share, reflecting settlement of previously granted awards rather than an open-market purchase. Following the transaction, Bisharat directly holds 17,007 shares of common stock, and no restricted stock units remain from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,007 shares exercised/converted
Mixed
2 txns
Insider
Bisharat Jaleh
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,007 | $0.00 | -- |
| Exercise | Common Stock | 17,007 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 17,007 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The award vests in full on March 15, 2026, subject to the reporting person's continued service to the Issuer on the vesting date. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
FAQ
What insider transaction did Wealthfront (WLTH) director Jaleh Bisharat report?
Jaleh Bisharat reported an equity award vesting and exercise. On March 15, 2026, 17,007 restricted stock units were converted into 17,007 shares of Wealthfront common stock at $0.00 per share, reflecting settlement of prior compensation rather than a market trade.
What does the vesting footnote mean in Jaleh Bisharat’s Wealthfront (WLTH) Form 4?
The footnote explains when and how the units vest. The award vested in full on March 15, 2026, contingent on continued service, and the restricted stock units either vest or are cancelled; they do not have an expiration date like traditional stock options.
Was Jaleh Bisharat’s Wealthfront (WLTH) transaction an open-market buy?
No, it was a derivative exercise and vesting event, not a market buy. The Form 4 uses transaction code “M” and describes an exercise or conversion of restricted stock units into common stock at $0.00 per share.