Wealthfront VP sells 43,991 shares for RSU taxes
Wealthfront’s VP of Engineering had RSUs vest into shares and sold stock mainly to cover tax withholding obligations.
Rhea-AI Filing Summary
WEALTHFRONT CORP (WLTH) reported that Kal Iyer, its VP, Engineering, had restricted stock units vest and convert into common stock and also sold shares. On September 15, 2026, RSUs covering 77,452 shares were exercised and converted into an equal number of common shares. On September 15–16, 2026, Iyer sold a total of 43,991 shares of common stock in open-market transactions, with footnotes stating that these sales were made to satisfy tax withholding obligations arising from the RSU vesting. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
10 txns
Insider
IYER KAL
Role
VP, Engineering
Sold
43,991 shs ($466K)
Approx. gross sale proceeds
$466K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F3 | 10,408 | $10.191 | $106K |
| Exercise | Restricted Stock Units F4, F5, F6 | 20,388 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F7, F6 | 20,388 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F8, F6 | 21,113 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F9, F6 | 15,563 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,388 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,388 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,113 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,563 | $0.00 | $0.00 |
| Sale | Common Stock F1, F2 | 33,583 | $10.7304 | $360K |
Holdings After Transaction:
Restricted Stock Units — 592,100 contracts (Direct);
Common Stock — 259,232 shares (Direct)
Footnotes (9)
- F1. The reported transaction represents shares of the Issuer's Common Stock sold to satisfy tax withholding obligations incurred in connection with the vesting of restricted stock units.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.55 to $10.88 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 ranges set forth in this footnote and in footnote 3 of this Form 4.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.96 to $10.83 per share, inclusive.
- F4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- F5. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2023.
- F6. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- F7. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2024.
- F8. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2025.
- F9. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2026.
Key Figures
Shares sold: 43,991 shares
Shares sold September 15, 2026: 33,583 shares
Shares sold September 16, 2026: 10,408 shares
+2 more
5 metrics
Shares sold
43,991 shares
Total Wealthfront common shares sold by Kal Iyer on September 15–16, 2026
Shares sold September 15, 2026
33,583 shares
Open-market sale at a weighted average price of $10.7304 per share; prices ranged from $10.55 to $10.88
Shares sold September 16, 2026
10,408 shares
Open-market sale at a weighted average price of $10.1910 per share; prices ranged from $9.96 to $10.83
RSU shares exercised/converted
77,452 shares
Total underlying common shares from RSUs exercised or converted on September 15, 2026
RSU vesting schedule fraction
1/16 per quarter
Several RSU awards vest as to 1/16 of the total award each quarter on specified dates, subject to continued service
Key Terms
restricted stock unit, weighted average price, tax withholding obligations, vested
4 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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.
tax withholding obligations financial
"shares of the Issuer's Common Stock sold to satisfy tax withholding obligations"
vested financial
"The award vested or vests as to 1/16 of the total award quarterly"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WLTH VP Engineering Kal Iyer report on this Form 4?
Kal Iyer reported RSUs converting into 77,452 shares of Wealthfront common stock on September 15, 2026, and open-market sales totaling 43,991 shares on September 15–16, 2026, with sales disclosed as made to satisfy tax withholding obligations from RSU vesting.
What are the terms of Kal Iyer’s restricted stock units in WLTH?
Each restricted stock unit represents a contingent right to receive one share of Wealthfront common stock. Several RSU awards vest as to 1/16 of the total award quarterly on June 15, September 15, December 15, and March 15, subject to continued service, and do not expire but vest or are cancelled.
AI-generated analysis. How Rhea-AI works. Not financial advice.
