WEALTHFRONT (WLTH) director mixes stock sale with RSU vesting under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEALTHFRONT CORP director Michelle L. Wilson reported a pre-planned mix of stock sale and equity vesting. On June 15, 2026, she executed an open-market sale of 638 shares of common stock at $9.12 per share under a Rule 10b5-1 trading plan.
On the same date, 2,126 restricted stock units were converted into an equal number of common shares at $0.00 per share as part of an award vesting schedule. Following these transactions, she directly held 8,503 shares of common stock, with additional restricted stock units remaining outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 638 shares ($5,819)
Net Sell
3 txns
Insider
WILSON L MICHELLE
Role
null
Sold
638 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,126 | $0.00 | -- |
| Exercise | Common Stock | 2,126 | $0.00 | -- |
| Sale | Common Stock | 638 | $9.12 | $6K |
Holdings After Transaction:
Restricted Stock Units — 25,511 shares (Direct, null);
Common Stock — 8,503 shares (Direct, null)
Footnotes (1)
- This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 14, 2026. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of September, December, March, and June, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on September 15, 2025. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
Open-market sale: 638 shares at $9.12/share
RSUs converted: 2,126 shares at $0.00/share
Shares held after: 8,503 shares
+2 more
5 metrics
Open-market sale
638 shares at $9.12/share
Common Stock sold on June 15, 2026
RSUs converted
2,126 shares at $0.00/share
Restricted Stock Units converted to Common Stock
Shares held after
8,503 shares
Common Stock directly owned following transactions
RSUs remaining
25,511 units
Restricted Stock Units outstanding after the derivative transaction
Net buy/sell shares
-638 shares
Net share disposition across buy/sell activity
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Units, contingent right, vesting date, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock"
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
"Each restricted stock unit represents a contingent right to receive one share"
vesting date financial
"subject to the reporting person's continued service to the Issuer on each vesting date"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did WLTH director Michelle Wilson report on June 15, 2026?
Michelle Wilson reported a small open-market sale and an equity vesting event. She sold 638 WLTH common shares at $9.12 each and converted 2,126 restricted stock units into common stock as part of her compensation plan.
What happened to Michelle Wilson’s restricted stock units in this WLTH Form 4 filing?
2,126 restricted stock units vested and were converted into the same number of WLTH common shares at $0.00 per share. The award vests in 1/16 increments quarterly, contingent on her continued service to the company on each vesting date.
Was Michelle Wilson’s WLTH stock sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was executed under a Rule 10b5-1 trading plan adopted on January 14, 2026. Such plans pre-schedule trades, making the timing more routine and less reflective of short-term views on the stock.
How do the restricted stock units for WLTH vest for Michelle Wilson?
The restricted stock units vest as to 1/16 of the total award quarterly on the 15th of September, December, March, and June. Vesting is subject to Michelle Wilson’s continued service, with the first tranche having vested on September 15, 2025.