[Form 4] WEALTHFRONT CORP Insider Trading Activity
Rhea-AI Filing Summary
Wealthfront Corp director reported several equity transactions around the company’s initial public offering. On December 11, 2025, multiple restricted stock unit awards vested and were settled into 6,945, 27,778, 30,500 and 15,496 shares of Wealthfront common stock at an exercise price of $0 per share. After these settlements, the reporting person held 80,719 common shares directly.
On the same date, the reporting person sold 38,071 common shares and the Goldman-Valeriote Family Trust sold 5,373 common shares at $14 per share as part of the issuer’s secondary offering in conjunction with the IPO, leaving 42,648 shares held directly and none held indirectly for that sale line. Earlier, on July 17, 2025, the trust made a 25,000-share gift of Series C preferred stock for no consideration. In connection with completion of the IPO, 53,732 shares of Series C preferred held by the trust automatically converted into 53,732 common shares on December 15, 2025, resulting in 48,359 common shares held indirectly by the trust, for which the reporting person serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series C Preferred Stock | 53,732 | $0.00 | -- |
| Conversion | Common Stock | 53,732 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,945 | $0.00 | -- |
| Exercise | Restricted Stock Units | 27,778 | $0.00 | -- |
| Exercise | Restricted Stock Units | 30,500 | $0.00 | -- |
| Exercise | Restricted Stock Units | 15,496 | $0.00 | -- |
| Exercise | Common Stock | 6,945 | $0.00 | -- |
| Exercise | Common Stock | 27,778 | $0.00 | -- |
| Exercise | Common Stock | 30,500 | $0.00 | -- |
| Exercise | Common Stock | 15,496 | $0.00 | -- |
| Sale | Common Stock | 38,071 | $14.00 | $533K |
| Sale | Common Stock | 5,373 | $14.00 | $75K |
| Gift | Series C Preferred Stock | 25,000 | $0.00 | -- |
Footnotes (1)
- The reported sale transaction represents the reporting person's participation in the Issuer's secondary offering, which occurred in conjunction with the IPO. The reported securities are directly held by the Goldman-Valeriote Family Trust, for which the reporting person serves as trustee. Pursuant to the Issuer's Restated Certificate of Incorporation, each share of Series C Convertible Preferred Stock ("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 ("IPO") 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. The transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the IPO, and the transaction is reported herein pursuant to Rule 16a-2(a). The reported transaction represents a gift, for no consideration, which is exempt pursuant to Rule 16b-5. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The award was granted subject to a performance-based vesting condition which was satisfied in connection with the IPO, as well as a service-based vesting schedule. The award vested as to 1/8 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 time-vested on March 15, 2023. The award was fully time-vested as of December 15, 2024, and the entire award was settled for shares of the Issuer's Common Stock in connection with the IPO. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. The award was granted subject to a performance-based vesting condition which was satisfied in connection with the IPO and a service-based vesting requirement which was deemed satisfied as of the grant date, November 22, 2022. The entire award was settled for shares of the Issuer's Common Stock in connection with the IPO. The award was granted subject to a performance-based vesting condition which was satisfied in connection with the IPO and a service-based vesting requirement which was deemed satisfied as of the grant date, January 25, 2023. The entire award was settled for shares of the Issuer's Common Stock in connection with the IPO. The award was granted subject to a performance-based vesting condition which was satisfied in connection with the IPO and a service-based vesting requirement which was deemed satisfied as of the grant date, February 21, 2024. The entire award was settled for shares of the Issuer's Common Stock in connection with the IPO.
FAQ
What insider transactions did the Wealthfront Corp (WLTH) director report?
The director reported vesting and settlement of several restricted stock unit awards into Wealthfront common stock, sales of common shares in a secondary offering at the time of the IPO, a gift of Series C preferred stock by a family trust, and the automatic conversion of Series C preferred stock into common stock in connection with the IPO.
How many Wealthfront (WLTH) restricted stock units converted to common stock and when?
On December 11, 2025, restricted stock units converted into 6,945, 27,778, 30,500 and 15,496 shares of Wealthfront common stock at an exercise price of $0 per share. Following these transactions, the reporting person held 80,719 common shares directly.
What happened to the Series C preferred stock held by the Goldman-Valeriote Family Trust?
On July 17, 2025, the trust made a gift of 25,000 shares of Series C preferred stock for no consideration. Under the issuer’s restated certificate of incorporation, each share of Series C preferred could be converted into common stock at the holder’s option, and in connection with completion of the IPO, 53,732 shares of Series C preferred held by the trust automatically converted into 53,732 shares of Wealthfront common stock.
What is the relationship between the reporting person and the Goldman-Valeriote Family Trust?
The filing states that the reported securities are directly held by the Goldman-Valeriote Family Trust and that the reporting person serves as trustee of this trust, which is why the holdings are reported as indirectly owned.