Wealthfront Corp (WLTH) director exits 17,007-share position via 10b5-1 sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wealthfront Corp director Jaleh Bisharat reported selling 17,007 shares of Common Stock in open-market transactions. The sales occurred on July 6 and 7, 2026 at weighted average prices of $9.3868 and $9.5048 per share, across multiple trades between $9.24 and $9.57. Following these transactions, Bisharat held no shares directly. The filing notes the trades were executed under a Rule 10b5-1 trading plan adopted on April 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 17,007 shares ($160,645)
Net Sell
2 txns
Insider
Bisharat Jaleh
Role
null
Sold
17,007 shs ($161K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,503 | $9.5048 | $81K |
| Sale | Common Stock | 8,504 | $9.3868 | $80K |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 6, 2026. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.24 to $9.57 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Total shares sold: 17,007 shares
Shares sold on July 6, 2026: 8,504 shares
Price on July 6, 2026: $9.3868 per share
+5 more
8 metrics
Total shares sold
17,007 shares
Aggregate open-market sales reported in Form 4
Shares sold on July 6, 2026
8,504 shares
Open-market sale of Common Stock at weighted average price
Price on July 6, 2026
$9.3868 per share
Weighted average sale price for 8,504 shares
Shares sold on July 7, 2026
8,503 shares
Open-market sale of Common Stock at weighted average price
Price on July 7, 2026
$9.5048 per share
Weighted average sale price for 8,503 shares
Trading price range
$9.24–$9.57 per share
Range of prices for multiple sale transactions
Shares held after final sale
0 shares
Direct Common Stock holdings following July 7, 2026 trade
10b5-1 plan adoption date
April 6, 2026
Date reporting person adopted Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Common Stock, +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 on April 6, 2026."
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.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: Common Stock"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Wealthfront Corp (WLTH) disclose for Jaleh Bisharat?
Wealthfront Corp disclosed that director Jaleh Bisharat sold 17,007 shares of Common Stock in open-market transactions. The sales occurred on July 6 and 7, 2026, at weighted average prices near $9.39 and $9.50 per share, fully closing her direct share position.
Were the Wealthfront Corp (WLTH) insider sales by Jaleh Bisharat pre-planned?
Yes. The filing states the transaction was executed under a Rule 10b5-1 trading plan adopted on April 6, 2026. Such plans pre-schedule trades, indicating these sales were arranged in advance rather than based on short-term market developments or new company-specific information.