Wealthfront director acquires 23,544 vested shares
WEALTHFRONT CORP director Jason Kilar reported an automatic equity award vesting on June 15, 2026.
Rhea-AI Filing Summary
WEALTHFRONT CORP director Jason Kilar reported an automatic equity award vesting on June 15, 2026. Restricted stock units covering 23,544 shares of Common Stock were settled, so he acquired that same number of common shares, with no open‑market purchase or sale.
After this settlement, Kilar directly holds 646,619 shares of Common Stock and 47,088 Restricted Stock Units. Each RSU represents a contingent right to receive one share that either vests or is cancelled, with the award vesting in equal sixteenth portions quarterly on March 15, June 15, September 15, and December 15, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,544 shares exercised/converted
Exercise
2 txns
Insider
KILAR JASON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,544 | $0.00 | $0.00 |
| Exercise | Common Stock | 23,544 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 47,088 contracts (Direct);
Common Stock — 646,619 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- F2. 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.
- F3. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
Common shares acquired via RSU vesting: 23,544 shares
Common shares held after transaction: 646,619 shares
Restricted Stock Units remaining: 47,088 RSUs
+2 more
5 metrics
Common shares acquired via RSU vesting
23,544 shares
RSUs settled into Common Stock on June 15, 2026
Common shares held after transaction
646,619 shares
Direct ownership following June 15, 2026 RSU settlement
Restricted Stock Units remaining
47,088 RSUs
Units outstanding after June 15, 2026 transaction
RSU vesting fraction
1/16 of award
Vests quarterly on March 15, June 15, September 15, December 15
Exercise/settlement price per share
$0.00 per share
RSUs convert into shares with no exercise price
Key Terms
Restricted Stock Units, derivative security, vesting, contingent right
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement."
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"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"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Wealthfront (WLTH) director Jason Kilar report in this Form 4?
Jason Kilar reported the vesting and settlement of restricted stock units into 23,544 shares of Wealthfront Common Stock. This was an automatic equity award vesting, not an open‑market stock purchase or sale, and reflects standard director compensation in stock.
What exactly are the Restricted Stock Units mentioned in the Wealthfront (WLTH) filing?
Each Restricted Stock Unit represents a contingent right to receive one share of Wealthfront Common Stock. The units do not expire; instead, they either vest into shares or are cancelled before vesting, depending on whether the service‑based vesting conditions continue to be met over time.
What is the vesting schedule for Jason Kilar’s Wealthfront (WLTH) RSU award?
The RSU award vests in 1/16 increments quarterly on March 15, June 15, September 15, and December 15. Vesting is conditioned on Kilar’s continued service, and the first tranche vested on March 15, 2023, with additional tranches vesting on each subsequent vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
