WEALTHFRONT CORP·4

Mar 17, 5:14 PM ET

KILAR JASON 4

Research Summary

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Updated

Wealthfront (WLTH) Director Jason Kilar Converts RSUs to Shares

What Happened

  • Jason Kilar, a director of Wealthfront Corp (WLTH), reported the conversion/settlement of restricted stock units (derivative transactions) on March 15, 2026. The filing shows acquisitions of 17,007 and 23,543 shares (total 40,550) at $0.00 and simultaneous dispositions of the same amounts also at $0.00. These entries reflect the vesting and conversion/settlement of RSUs rather than an open‑market buy or sale.

Key Details

  • Transaction date: March 15, 2026; Form filed: March 17, 2026 (timely).
  • Reported transactions: Acquired 17,007 and 23,543 shares (total 40,550) via derivative conversion (code M) at $0.00; identical amounts also reported as disposed at $0.00.
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes: F1–F4 state these were restricted stock units (each convertible to one share), the award vested in full March 15, 2026 subject to continued service, RSUs do not expire, and the award originally vested 1/16 quarterly beginning March 15, 2023.
  • Filing does not specify whether the simultaneous dispositions represent net settlement, tax withholding, or another settlement mechanism.

Context

  • This was a routine vesting/conversion of RSUs (derivative conversion), not an open‑market purchase or a typical sale; the $0.00 price indicates conversion/settlement rather than a cash transaction. Routine RSU vesting by insiders is common and typically reflects compensation reaching settlement rather than a directional bet on the stock.