Imberman Alan 4
4 · WEALTHFRONT CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Wealthfront (WLTH) CFO Alan Imberman Exercises RSUs; 15,756 Shares Withheld
What Happened
Alan Imberman, CFO and Treasurer of Wealthfront (WLTH), had restricted stock units (RSUs) vest and converted into 64,199 shares of common stock on March 15, 2026 (three separate vesting/conversion entries). To satisfy tax withholding obligations, 15,756 of those shares were withheld on March 16, 2026 at $7.86 per share, a withholding value of $123,842. The transactions are reported as derivative exercises (code M) with the withholding shown as a disposition for tax purposes (code F). Net shares delivered to Imberman after withholding: 48,443.
Key Details
- Transaction dates: RSU conversion reported 2026-03-15; tax withholding executed 2026-03-16; Form 4 filed 2026-03-17.
- Shares converted (acquired): 22,812 + 23,625 + 17,762 = 64,199 shares (exercise/conversion at $0.00 — indicative of RSU settlement, not option cash exercise).
- Shares withheld for taxes (disposed): 15,756 shares at $7.86 = $123,842.
- Net shares retained by insider after withholding: 48,443 shares.
- Footnotes: F1 confirms shares were withheld to satisfy tax withholding on net settlement; F2–F6 describe that each RSU equals one share, vesting occurs 1/16 quarterly on Mar 15/Jun 15/Sep 15/Dec 15 per the stated schedules (different awards with first tranches on 3/15/2024, 3/15/2025, and 3/15/2026). These RSUs do not expire (per F4).
- Filing timeliness: Form 4 filed 3/17/2026 reporting a 3/15/2026 event — appears timely (within SEC two-business-day Form 4 window).
- Shares owned after transaction: Not stated in provided excerpt of the filing.
Context
This was a vesting/net-settlement of RSUs (not an open-market sale or purchase). Withholding shares to satisfy taxes is a routine administrative step and not necessarily a market-sentiment signal. The exercise entries at $0.00 reflect conversion of RSUs to shares rather than option exercises requiring cash payment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-15+22,812→ 368,839 total - Exercise/Conversion
Common Stock
2026-03-15+23,625→ 392,464 total - Exercise/Conversion
Common Stock
2026-03-15+17,762→ 410,226 total - Tax Payment
Common Stock
[F1]2026-03-16$7.86/sh−15,756$123,842→ 394,470 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-03-15−22,812→ 159,688 total→ Common Stock (22,812 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5][F4]2026-03-15−23,625→ 259,875 total→ Common Stock (23,625 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6][F4]2026-03-15−17,762→ 266,438 total→ Common Stock (17,762 underlying)
Footnotes (6)
- [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]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- [F3]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, 2024.
- [F4]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- [F5]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, 2025.
- [F6]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, 2026.