KILAR JASON 4

What Happened
Jason Kilar, a director of Wealthfront Corp (WLTH), had a conversion/exercise of a derivative on 2026-06-15 that resulted in 23,544 shares being recorded as acquired and the same 23,544 shares recorded as disposed, both at $0.00. The filing shows no cash proceeds or purchase price — this reflects settlement of restricted stock units rather than a typical open-market buy or sale.

Key Details

• Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (timely filing).
• Reported transactions: 23,544 shares acquired (derivative conversion, code M) and 23,544 shares disposed (derivative) — both at $0.00, total recorded value $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes on the award:
  • F1: Each RSU represents a contingent right to one share on settlement.
  • F2: Vesting occurs 1/16 of the award quarterly on March, June, September, December 15, subject to continued service; first tranche vested March 15, 2023.
  • F3: These RSUs do not expire; they vest or are cancelled before vesting dates.
• The form does not state a reason for the $0 disposition (e.g., tax withholding, surrender, or transfer).

Context

• Transaction code M indicates exercise/conversion of a derivative — here, conversion/settlement of previously granted RSUs into shares.
• The same-day acquisition and disposal at $0 often reflects settlement mechanics for equity awards (such as shares issued and then withheld or surrendered), but this filing does not specify the mechanism or whether any cashless procedures were used.
• Because no cash sale or purchase is reported, this filing does not represent a market purchase or sale that would directly signal a buying/selling preference.