RACHLEFF ANDREW S 4

What Happened

• Andrew S. Rachleff, founder and reported 10% owner of Wealthfront Corp (WLTH), had 29,762 derivative units converted into 29,762 common shares on March 15, 2026 (transaction code M). The filing shows an acquisition of 29,762 shares at $0.00 and a contemporaneous disposition of 29,762 shares at $0.00, indicating conversion/settlement of restricted stock units (RSUs) and an immediate transfer rather than a cash sale.

Key Details

• Transaction date: March 15, 2026; Filing date: March 17, 2026 (Form 4 accession 0001190190-26-000004).
• Reported amounts: 29,762 shares acquired @ $0.00 and 29,762 shares disposed @ $0.00 (code M = exercise/conversion of derivative).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F4–F6: These were restricted stock units (RSUs) — each RSU converts to one share, vested in full on March 15, 2026, and do not expire.
  • F1–F3: The resulting shares are directly held by family trusts (Rachleff Family Revocable Trust and two irrevocable trusts) for which Rachleff and his spouse are co‑trustees and beneficiaries; the disposition likely reflects transfer into those trusts.
• Filing timeliness: Filed two days after the transaction date; the filing does not indicate a late/untimely report.

Context

• M (exercise/conversion) here reflects RSU settlement: RSUs vested and converted into shares at $0.00 (no cash exercise price), then transferred to family trusts. Such conversions and intra-family trust transfers are common for compensation settlement or estate/planning purposes and are not the same as an open-market sale or purchase.