Jason Kilar of Wealthfront (WLTH) exercises 40,550 RSUs, holding 623,075 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEALTHFRONT CORP director Jason Kilar exercised restricted stock units into 40,550 shares of Common Stock. On 2026-03-15, he converted 17,007 and 23,543 restricted stock units into an equal number of Common Stock shares at a stated price of $0.00 per share.
Following these exercises, Kilar directly holds 623,075 shares of Common Stock. Footnotes explain that each restricted stock unit represents a right to receive one share upon settlement and that the awards vest based on continued service, with vesting occurring on specified quarterly dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
40,550 shares exercised/converted
Mixed
4 txns
Insider
KILAR JASON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,007 | $0.00 | -- |
| Exercise | Restricted Stock Units | 23,543 | $0.00 | -- |
| Exercise | Common Stock | 17,007 | $0.00 | -- |
| Exercise | Common Stock | 23,543 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 599,532 shares (Direct)
Footnotes (1)
- 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. The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of March, June, September, and December, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on March 15, 2023.
FAQ
What did Wealthfront (WLTH) director Jason Kilar report in this Form 4?
Jason Kilar reported exercising restricted stock units into Common Stock. He converted 40,550 restricted stock units into 40,550 shares at a stated price of $0.00 per share, reflecting equity compensation vesting rather than an open-market stock purchase or sale.
Were Jason Kilar’s Wealthfront (WLTH) transactions open-market buys or sells?
The transactions were not open-market buys or sells. They were coded “M,” indicating exercises or conversions of restricted stock units into Common Stock, with a stated transaction price of $0.00 per share as part of his equity compensation vesting schedule.
What do the restricted stock unit footnotes mean for Wealthfront (WLTH) investors?
The footnotes explain that each restricted stock unit converts into one Common Stock share upon settlement and vests over time. Vesting is contingent on continued service and occurs quarterly, showing that equity awards are structured to retain and incentivize the director over multiple years.
How many restricted stock units did Jason Kilar exercise in this Wealthfront (WLTH) Form 4?
Jason Kilar exercised a total of 40,550 restricted stock units. These comprised 17,007 units from one award and 23,543 units from another, each converting into an equivalent number of Common Stock shares under Wealthfront’s equity compensation arrangements.
Do Jason Kilar’s Wealthfront (WLTH) transactions indicate any stock sales?
The filing shows no stock sales by Jason Kilar. All reported entries reflect the exercise or conversion of restricted stock units into Common Stock, with no sell transactions or tax-withholding dispositions reported in connection with these specific awards.