Fortunato David 4

4 · WEALTHFRONT CORP · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Wealthfront (WLTH) CEO Fortunato David Receives RSU Vesting

What Happened

Fortunato David (CEO, President and Director) had restricted stock units convert to 224,875 shares of Wealthfront common stock on March 15, 2026 (reported as derivative exercises/conversions, code M).
To satisfy tax withholding on the net settlement, 121,322 shares were withheld by the issuer on March 16, 2026 at $7.86 per share, totaling $953,591 (reported under code F). The net number of shares delivered to David was approximately 103,553.

Key Details

Transaction dates: conversions/vesting on 2026-03-15 (M); tax-withholding share withholding on 2026-03-16 (F).
Price used for withholding: $7.86 per share; total withholding value $953,591.
Shares acquired via conversion: 224,875; shares withheld for taxes: 121,322; net shares issued to insider: ~103,553.
Footnotes of note: F1 = issuer withheld shares to satisfy tax withholding for a net RSU settlement; F3 = each RSU converts to one share; F4–F8 describe vesting schedules and that some awards vest quarterly or in full on March 15, 2026; F2 notes some reported securities are held by the reporting person’s spouse.
Filing: Form 4 filed 2026-03-17 for a 2026-03-15 report date — appears to be timely (no late filing indicated).

Context

This was a vesting/net-settlement of RSUs, not an open-market sale by the insider. The withholding (F) entry is a routine cashless/net settlement to cover tax liabilities and does not necessarily signal a buy or sell decision.
Code explanation: M = exercise/conversion of derivative (here, RSUs converting to shares); F = shares withheld/used to pay exercise price or tax liability.

Form 4

Period: 2026-03-15

DirectorCEO and President

Transactions

Exercise/Conversion
Common Stock
2026-03-15+9,698→ 1,661,796 total
Exercise/Conversion
Common Stock
2026-03-15+76,463→ 1,738,259 total
Exercise/Conversion
Common Stock
2026-03-15+79,182→ 1,817,441 total
Exercise/Conversion
Common Stock
2026-03-15+59,532→ 1,876,973 total
Tax Payment
Common Stock
[F1]
2026-03-16$7.86/sh−121,322$953,591→ 1,755,651 total
Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]
2026-03-15−9,698→ 0 total
→ Common Stock (9,698 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F6][F5]
2026-03-15−76,463→ 305,850 total
→ Common Stock (76,463 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F7][F5]
2026-03-15−79,182→ 633,450 total
→ Common Stock (79,182 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F8][F5]
2026-03-15−59,532→ 714,375 total
→ Common Stock (59,532 underlying)

Holdings

Footnotes (8)

[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]The reported securities are directly held by the reporting person's spouse.
[F3]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
[F4]The award vests in full on March 15, 2026, subject to the reporting person's continued service to the Issuer on the vesting date.
[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, 2023.
[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, 2024.
[F8]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.

Signature

/s/ Lauren Lin, as Attorney-in-Fact|2026-03-17

1 file