Schmidt Michael Reed 4

4 · WEALTHFRONT CORP · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Wealthfront (WLTH) Director Michael R. Schmidt Receives Award

What Happened

Michael R. Schmidt, a director of Wealthfront (WLTH), had 2,125 restricted stock units (RSUs) vest on March 15, 2026. The filing shows 2,125 shares acquired at $0.00 (conversion of the derivative) and a corresponding disposition of 2,125 RSU derivatives at $0.00 — i.e., the RSUs settled into 2,125 shares. These shares were part of an earlier RSU award of 34,014 units granted on September 26, 2025.
This was a vesting/settlement of compensation (award conversion), not an open-market purchase or a sale for cash.

Key Details

Transaction date: March 15, 2026. Filing date: March 17, 2026 (timely; Form 4 due within two business days).
Reported amounts: 2,125 shares acquired at $0.00 (conversion) and 2,125 RSU derivatives disposed at $0.00; original grant: 34,014 RSUs on 2025-09-26.
Shares owned after transaction: Not specified in the Form 4.
Footnotes of note:
- F1: Each RSU converts to one share on settlement.
- F2: The award vests 1/16 quarterly (Mar/Jun/Sep/Dec 15), with the first tranche vesting March 15, 2026.
- F3: These RSUs do not expire prior to vesting.
- F4: The award was granted pre-IPO and the transaction is reported as an exempt transaction under Rule 16a-2(a); the award was previously reported on the reporting person's Form 3.
No cash exchanged in the reported conversion; no sale price or tax-withholding details were disclosed in this filing.

Context

For retail investors: this is routine director compensation vesting — RSUs converting into common shares — and does not in itself indicate a buy or sell decision by the insider. The filing shows conversion of a derivative (RSU) into underlying shares rather than an open-market transaction.

Form 4

Period: 2026-03-15

Director

Transactions

Exercise/Conversion
Common Stock
2026-03-15+2,125→ 2,125 total
Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]
2026-03-15−2,125→ 31,889 total
→ Common Stock (2,125 underlying)
Award
Restricted Stock Units
[F1][F4][F2][F3]
2025-09-26+34,014→ 34,014 total
→ Common Stock (34,014 underlying)

Footnotes (4)

[F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
[F2]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.
[F3]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
[F4]This 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 Issuer's initial public offering. The transaction is reported herein pursuant to Rule 16a-2(a). The reported transaction is an exempt transaction with the Issuer and this restricted stock unit award was previously reported on the reporting person's Form 3.

Signature

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

1 file