Wealthfront Corp (WLTH) insider sells 167,722 shares at $14 in IPO secondary offering
Rhea-AI Filing Summary
Wealthfront Corp's VP of Engineering reported multiple stock and restricted stock unit transactions on December 11, 2025.
Several restricted stock unit awards were converted into Common Stock at $0 per share, increasing direct holdings before shares were withheld and sold. The issuer withheld 304,599 shares at $14 to satisfy tax withholding liabilities and the officer sold 167,722 shares at $14 as part of a secondary offering in conjunction with the IPO, leaving 127,514 shares of Common Stock owned directly.
The underlying restricted stock units were subject to performance-based vesting conditions satisfied in connection with the IPO and service-based vesting schedules, with portions vesting quarterly and some awards already fully vested and settled into shares.
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FAQ
What insider transaction did Wealthfront (WLTH) report on December 11, 2025?
The VP of Engineering reported conversions of restricted stock units into Common Stock, withholding of 304,599 shares for taxes, and a sale of 167,722 shares at $14 per share.
How many Wealthfront (WLTH) shares did the VP of Engineering sell and at what price?
The VP of Engineering sold 167,722 shares of Wealthfront Common Stock at $14 per share as part of a secondary offering in conjunction with the IPO.
How many Wealthfront (WLTH) shares does the reporting person own after these transactions?
After the reported transactions, the VP of Engineering directly owns 127,514 shares of Wealthfront Common Stock.
Why were 304,599 Wealthfront (WLTH) shares withheld from the VP of Engineering?
The 304,599 shares of Common Stock were withheld by Wealthfront to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
What are the key terms of the Wealthfront (WLTH) restricted stock units reported?
Each restricted stock unit represents a right to receive one share of Common Stock upon settlement. The awards had performance-based vesting conditions satisfied in connection with the IPO and service-based vesting schedules with quarterly vesting dates; the units do not expire but either vest or are cancelled before the vesting date.