Andrew Rachleff of Wealthfront (WLTH) exercises 29,762 restricted stock units
Rhea-AI Filing Summary
WEALTHFRONT CORP director and 10% owner Andrew S. Rachleff exercised restricted stock units into common shares. On March 15, 2026, 29,762 restricted stock units converted into 29,762 shares of common stock at a price of $0.00 per share.
The award of restricted stock units vested in full on March 15, 2026, subject to his continued service to the company on the vesting date, and these units either vest or are cancelled before vesting. Following the transaction, he holds 29,762 shares directly and has additional indirect holdings through family trusts, including 16,424,204 shares held by the Rachleff Family Revocable Trust and 403,225 shares in each of two 2015 irrevocable trusts for his children, where he and his spouse serve as co-trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 29,762 | $0.00 | -- |
| Exercise | Common Stock | 29,762 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The reported securities are directly held by the Rachleff Family Revocable Trust UTD 5/19/92, for which the reporting person and his spouse serve as co-trustees, and of which the reporting person and his household members are the beneficiaries. The reported securities are directly held by The Jake Alexander Rachleff 2015 Irrevocable Trust u/a/d 5/15/2015, for which the reporting person and his spouse serve as co-trustees, and of which their child is the beneficiary. The reported securities are directly held by The Shelby Elizabeth Rachleff 2015 Irrevocable Trust u/a/d 5/15/2015, for which the reporting person and his spouse serve as co-trustees, and of which their child is the beneficiary. 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 did Andrew S. Rachleff report in this Wealthfront (WLTH) Form 4 filing?
What are Andrew Rachleff’s direct and indirect Wealthfront (WLTH) holdings after this Form 4?
When did Andrew Rachleff’s Wealthfront (WLTH) restricted stock units vest?
Do Andrew Rachleff’s Wealthfront (WLTH) restricted stock units expire if they do not vest?