Wealthfront Corp (WLTH) venture funds convert preferred stock at IPO
Rhea-AI Filing Summary
Wealthfront Corp reported that several venture funds affiliated with Index Ventures and Yucca (Jersey) SLP converted multiple series of preferred stock into common stock on 12/15/2025. Under the company’s Restated Certificate of Incorporation, each share of Series D, E, F, G and G-1 Convertible Preferred Stock automatically converted into common stock at a 1-for-1 ratio in connection with the completion of Wealthfront’s initial public offering.
Following these conversions, Index Ventures VI (Jersey), L.P. reported beneficial ownership of 9,157,362 shares of common stock, while Index Ventures Growth II (Jersey), L.P. reported 3,357,339 shares, with additional smaller positions held by related parallel and co-investment vehicles. The reporting entities are treated as directors of Wealthfront for Section 16 purposes and indicate that they disclaim beneficial ownership beyond their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series F Preferred Stock | 2,370,596 | $0.00 | -- |
| Conversion | Series G Preferred Stock | 779,009 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 207,734 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 35,007 | $0.00 | -- |
| Conversion | Series G Preferred Stock | 11,528 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 3,074 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 2,876,772 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 2,913,888 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 58,068 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 58,816 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 37,148 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 37,629 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 30,450 | $0.00 | -- |
| Conversion | Series G Preferred Stock | 10,007 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 2,669 | $0.00 | -- |
| Conversion | Common Stock | 2,370,596 | $0.00 | -- |
| Conversion | Common Stock | 779,009 | $0.00 | -- |
| Conversion | Common Stock | 207,734 | $0.00 | -- |
| Conversion | Common Stock | 35,007 | $0.00 | -- |
| Conversion | Common Stock | 11,528 | $0.00 | -- |
| Conversion | Common Stock | 3,074 | $0.00 | -- |
| Conversion | Common Stock | 2,876,772 | $0.00 | -- |
| Conversion | Common Stock | 2,913,888 | $0.00 | -- |
| Conversion | Common Stock | 58,068 | $0.00 | -- |
| Conversion | Common Stock | 58,816 | $0.00 | -- |
| Conversion | Common Stock | 37,148 | $0.00 | -- |
| Conversion | Common Stock | 37,629 | $0.00 | -- |
| Conversion | Common Stock | 30,450 | $0.00 | -- |
| Conversion | Common Stock | 10,007 | $0.00 | -- |
| Conversion | Common Stock | 2,669 | $0.00 | -- |
Footnotes (1)
- Pursuant to the Issuer's Restated Certificate of Incorporation, each share of Series D Convertible Preferred Stock, Series E Convertible Preferred Stock, Series F Convertible Preferred Stock, Series G Convertible Preferred Stock, or Series G-1 Convertible Preferred Stock (collectively, "Preferred Stock") may be converted, at the option of the holder, at any time. In connection with the completion of the Issuer's initial public offering of its Common Stock, each share of Preferred Stock automatically converted into shares of Common Stock at a ratio of 1-for-1. The securities have no expiration date. Index Venture Growth Associates II Limited ("IVGA II") is the managing general partner of Index Ventures Growth II (Jersey), L.P. ("Index II") and Index Ventures Growth II Parallel Entrepreneur Fund (Jersey) L.P. ("Index II PEF"). Index Venture Associates VI Limited ("IVA VI") is the managing general partner of Index Ventures VI (Jersey), L.P. ("Index VI") and Index Ventures VI Parallel Entrepreneur Fund (Jersey), L.P. ("Index VI PEF" and together with Index II, Index II PEF and Index VI, the "Index Funds"). Yucca (Jersey) SLP ("Yucca") is the administrator of the Index co-investment vehicles that are contractually required to mirror the relevant Index Funds' investment in the Issuer. Each of IVA VI and IVGA II disclaims beneficial ownership of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by it for Section 16 or any other purpose. The reported securities are held directly by Index II. The reported securities are directly held by Index II PEF. The reported securities are directly held by Index VI Jersey. The reported securities are directly held by Index VI PEF. The reported securities are directly held by Yucca.
FAQ
What insider transaction did Wealthfront Corp (WLTH) report in this filing?
The filing reports that multiple venture funds affiliated with Index Ventures and Yucca (Jersey) SLP converted their Wealthfront preferred stock into common stock on 12/15/2025. The conversions covered several series of convertible preferred shares and were reported as acquisitions of common stock in Table I and corresponding conversions of derivative securities in Table II.
Which Index Ventures funds reported common stock holdings of Wealthfront Corp (WLTH)?
The filing shows that Index Ventures Growth II (Jersey), L.P., Index Ventures Growth II Parallel Entrepreneur Fund (Jersey) L.P., Index Ventures VI (Jersey), L.P. and Index Ventures VI Parallel Entrepreneur Fund (Jersey) L.P. reported beneficial ownership of Wealthfront common stock. After the reported conversions, Index Ventures VI (Jersey), L.P. held 9,157,362 common shares and Index Ventures Growth II (Jersey), L.P. held 3,357,339 common shares.
What triggered the conversion of Wealthfront Corp preferred stock into common stock?
The conversion was triggered by the completion of Wealthfront’s initial public offering of common stock. According to the explanation of responses, under the Issuer’s Restated Certificate of Incorporation, each share of Series D, E, F, G and G-1 Convertible Preferred Stock automatically converted into common stock at a 1-for-1 ratio in connection with the IPO.
Do the reporting persons claim full beneficial ownership of all Wealthfront Corp (WLTH) shares listed?
No. The filing states that Index Venture Associates VI Limited and Index Venture Growth Associates II Limited each disclaim beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, except to the extent of their pecuniary interest. The report notes that it should not be deemed an admission that such shares are beneficially owned for Section 16 or any other purpose.
What is the reported relationship of the venture entities to Wealthfront Corp (WLTH)?
In the relationship section, the reporting persons are marked as Directors of Wealthfront Corp and the form is indicated as filed by more than one reporting person. Various entities, including Index Venture Growth Associates II Limited, Index Venture Associates VI Limited and Yucca (Jersey) SLP, sign the report in their capacities as managing general partners or administrator of the respective funds holding Wealthfront shares.