WEALTHFRONT (WLTH) director and 10% owner receives 19,446 RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RACHLEFF ANDREW S reported acquisition or exercise transactions in this Form 4 filing.
WEALTHFRONT CORP director and 10% owner Andrew S. Rachleff received a grant of 19,446 restricted stock units (RSUs). Each RSU represents the right to receive one share of WEALTHFRONT common stock upon settlement at no purchase price.
The award vests in full on the earlier of the next annual stockholder meeting or the first anniversary of the June 23, 2026 grant date, provided he remains in continuous service. If the vesting condition is not met, the RSUs are cancelled rather than expiring on a fixed date. Following this grant, his reported RSU holdings from this award total 19,446 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RACHLEFF ANDREW S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 19,446 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 19,446 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The entire award shall vest on the earlier to occur of: (i) the date of the next annual meeting of the Issuer's stockholders and (ii) the first anniversary of the grant date, in each case subject to the reporting person's continuous service through such date. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSU grant size: 19,446 units
RSU exercise price: $0.00 per unit
Underlying common shares: 19,446 shares
+1 more
4 metrics
RSU grant size
19,446 units
Restricted stock units granted on June 23, 2026
RSU exercise price
$0.00 per unit
Price per RSU for this grant
Underlying common shares
19,446 shares
Common stock underlying the RSUs
Post-grant RSU holdings from award
19,446 units
Total RSUs from this grant following transaction
Key Terms
Restricted Stock Units, contingent right, vest, continuous service, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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
"represents a contingent right to receive one share of the Issuer's Common Stock"
vest financial
"The entire award shall vest on the earlier to occur of the next annual meeting"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"subject to the reporting person's continuous service through such date"
cancelled prior to the vesting date financial
"These restricted stock units do not expire; they either vest or are cancelled prior"
FAQ
What insider transaction did WEALTHFRONT (WLTH) report for Andrew S. Rachleff?
WEALTHFRONT reported that director and 10% owner Andrew S. Rachleff received 19,446 restricted stock units as a compensation grant. The RSUs are derivative securities that will settle into common stock if vesting conditions are satisfied.
How many WEALTHFRONT (WLTH) restricted stock units were granted in this Form 4?
The Form 4 shows a grant of 19,446 restricted stock units to Andrew S. Rachleff. Each unit is a contingent right to receive one share of WEALTHFRONT common stock upon settlement, giving him 19,446 units from this award after the transaction.
What are the vesting terms of Andrew Rachleff’s WEALTHFRONT (WLTH) RSU grant?
The entire RSU award vests on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date. Vesting requires Andrew Rachleff’s continuous service through that date; otherwise, the unvested units are cancelled.
Do the WEALTHFRONT (WLTH) restricted stock units reported in this Form 4 have an expiration date?
The restricted stock units do not have a traditional expiration date. According to the filing, they either vest on the specified schedule or are cancelled before that vesting date if conditions are not met, rather than expiring on a set calendar date.
What is the exercise or purchase price of the WEALTHFRONT (WLTH) RSUs granted?
The RSUs were granted with a price of $0.00 per unit. This reflects that restricted stock units are typically a form of equity compensation, providing shares upon vesting without the insider paying an exercise or purchase price at settlement.