Wealthfront (WLTH) VP trades stock and RSUs under 10b5-1 plan
Rhea-AI Filing Summary
Wealthfront Corp VP of Engineering Kal Iyer reported a mix of stock sales and equity compensation activity. On June 15, 2026, he exercised restricted stock units into 77,448 shares of common stock, then sold 45,772 shares in an open-market transaction at an average price of $8.9183 per share under a pre-arranged Rule 10b5-1 trading plan.
The company also withheld 41,784 shares at $8.80 per share to cover tax obligations from the net settlement of vested units. The filing further discloses a previously unreported grant of 249,000 restricted stock units on December 30, 2025, which vest in 1/16 quarterly installments, each unit representing a right to receive one share of common stock upon settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
IYER KAL
Role
VP, Engineering
Sold
45,772 shs ($408K)
Approx. gross sale proceeds
$408K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,387 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 20,387 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 21,112 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 15,562 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,387 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,387 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,112 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,562 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 41,784 | $8.80 | $368K |
| Sale | Common Stock | 45,772 | $8.9183 | $408K |
| Grant/Award | Restricted Stock Units | 249,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 669,552 shares (Direct);
Common Stock — 254,269 shares (Direct)
Footnotes (9)
- F1. The transaction represents the number of shares of Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
- F2. This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 14, 2026.
- F3. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- F4. 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.
- F5. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- F6. 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.
- 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, 2025.
- F8. The December 30, 2025 award of restricted stock units to the reporting person was not previously reported on a Form 4 due to inadvertent administrative error. The grant is reported late on this Form 4, together with the initial vesting of the award.
- 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
Open-market sale: 45,772 shares at $8.9183
Tax withholding shares: 41,784 shares at $8.80
Shares from exercises: 77,448 shares
+3 more
6 metrics
Open-market sale
45,772 shares at $8.9183
Common Stock sale on June 15, 2026
Tax withholding shares
41,784 shares at $8.80
Shares withheld to satisfy tax liabilities
Shares from exercises
77,448 shares
Common shares acquired via derivative exercises
RSU grant size
249,000 units
Restricted stock units awarded on December 30, 2025
Net buy/sell shares
-45,772 shares
Net share direction in this Form 4
Vesting cadence
1/16 quarterly
RSU awards vest each quarter on the 15th
Key Terms
Rule 10b5-1 trading plan, restricted stock units, tax withholding liabilities, net settlement, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock"
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.
tax withholding liabilities financial
"shares of Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement"
net settlement financial
"withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units"
grant, award, or other acquisition financial
"Grant, award, or other acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Wealthfront (WLTH) VP Kal Iyer do in this Form 4 filing?
Kal Iyer reported a combination of stock sales and equity vesting. He exercised restricted stock units into 77,448 common shares, sold 45,772 shares in the open market, and had additional shares withheld to cover tax liabilities tied to these vesting events.
What restricted stock unit grant did Kal Iyer receive from Wealthfront (WLTH)?
He received a grant of 249,000 restricted stock units on December 30, 2025. Each unit equals one share of common stock upon settlement, and the award vests in 1/16 increments quarterly, subject to continued service with Wealthfront on each vesting date.
Was the Wealthfront (WLTH) RSU grant to Kal Iyer previously disclosed?
No. The filing notes the December 30, 2025 grant of 249,000 restricted stock units was not previously reported due to an administrative error. It is now disclosed together with the initial vesting events associated with that award in this Form 4.
What is the vesting schedule for Kal Iyer’s Wealthfront (WLTH) RSU awards?
Each RSU award vests as to 1/16 of the total grant on the fifteenth day of June, September, December, and March. Vesting continues quarterly, provided Kal Iyer remains in service, and vested units convert into one share of Wealthfront common stock each.