Wealthfront CEO spouse exercises 705K options
Rhea-AI Filing Summary
WEALTHFRONT CORP (WLTH) reports that on September 11, 2026, CEO and President David Fortunato’s spouse exercised several fully vested stock options, converting an aggregate of 705,248 option rights into the same number of shares of common stock at exercise prices between $1.39 and $1.87 per share. These shares are reported as indirectly owned through the spouse. In a separate transaction on the same date, 435,437 shares of common stock held through the spouse were delivered or withheld at $10.38 per share to cover payment of option exercise price or tax liability. Following these transactions, Fortunato is reported as directly holding 1,895,553 shares of common stock. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
705,248 shares exercised/converted
Exercise
12 txns
Insider
Fortunato David
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2, F1 | 40,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F3, F1 | 8,998 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F4, F1 | 400,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F5, F1 | 150,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F6, F1 | 106,250 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 40,000 | $1.50 | $60K |
| Exercise | Common Stock F1 | 8,998 | $1.50 | $13K |
| Exercise | Common Stock F1 | 400,000 | $1.79 | $716K |
| Exercise | Common Stock F1 | 150,000 | $1.87 | $281K |
| Exercise | Common Stock F1 | 106,250 | $1.39 | $148K |
| Exercise Price or Tax Liability | Common Stock F1 | 435,437 | $10.38 | $4.52M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Indirect, By Spouse);
Common Stock — 331,807 shares (Indirect, By Spouse);
Common Stock — 1,895,553 shares (Direct)
Footnotes (6)
- F1. The reported securities are directly held by the reporting person's spouse.
- F2. The option is fully vested. The award became fully vested on January 1, 2022.
- F3. The option is fully vested. The award became fully vested on December 27, 2021.
- F4. The option is fully vested. The award became fully vested on January 1, 2023.
- F5. The option is fully vested. The award became fully vested on July 1, 2023.
- F6. The option is fully vested. The award became fully vested on November 1, 2023.
Key Figures
Options exercised into common stock: 705,248 shares
Shares delivered or withheld for exercise price or tax liability: 435,437 shares
Exercise prices of stock options: $1.39, $1.50, $1.79, $1.87 per share
+3 more
6 metrics
Options exercised into common stock
705,248 shares
Stock option exercises by the CEO’s spouse on September 11, 2026
Shares delivered or withheld for exercise price or tax liability
435,437 shares
Common stock indirectly held through spouse on September 11, 2026
Exercise prices of stock options
$1.39, $1.50, $1.79, $1.87 per share
Exercise prices for the options converted into WLTH common stock
Per-share value for delivered or withheld shares
$10.38 per share
Price used for shares delivered or withheld to pay option costs or taxes
Direct common stock holdings after transactions
1,895,553 shares
Shares of WLTH common stock directly held by David Fortunato after September 11, 2026
Vesting status of options
Fully vested
All exercised options had fully vested by dates in 2021–2023
Key Terms
Stock Option, Common Stock, fully vested, payment of exercise price or tax liability, +1 more
5 terms
Stock Option financial
"The option is fully vested. The award became fully vested on January 1, 2022."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
Common Stock financial
"The reported securities are directly held by the reporting person's spouse."
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.
fully vested financial
"The option is fully vested. The award became fully vested on December 27, 2021."
payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
indirectly owned financial
"The reported securities are directly held by the reporting person's spouse."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WLTH report for David Fortunato on September 11, 2026?
The company reports that David Fortunato’s spouse exercised 705,248 stock options into common stock and separately delivered or withheld 435,437 shares of common stock to pay option exercise price or tax liability, all on September 11, 2026.
How many WLTH stock options were exercised by the CEO’s spouse and at what prices?
Fortunato’s spouse exercised stock options covering 705,248 shares of WLTH common stock at exercise prices of $1.39, $1.50, $1.79, and $1.87 per share, all of which were reported as fully vested before exercise.
What are David Fortunato’s reported WLTH common stock holdings after these transactions?
After the reported transactions on September 11, 2026, David Fortunato is reported as directly holding 1,895,553 shares of WLTH common stock. Additional shares are held indirectly through his spouse.
Were the WLTH insider transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates that the transactions associated with David Fortunato and his spouse were not made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
