Wealthfront (WLTH) Director Jason Kilar Receives 23,544 Shares

What Happened

• Jason Kilar, a director of Wealthfront Corp (WLTH), had 23,544 restricted stock units convert into 23,544 shares on September 15, 2026. The Form 4 shows an acquisition of 23,544 shares at $0.00 and a corresponding disposition of 23,544 derivative units at $0.00 — consistent with RSU settlement rather than a cash purchase or market sale.

Key Details

• Transaction date: 2026-09-15 (reported on Form 4 filed 2026-09-17; timely filing)
• Reported transaction code: M (exercise or conversion of a derivative/security)
• Shares acquired: 23,544 common shares at $0.00
• Derivative disposed: 23,544 RSUs (reported as disposed) at $0.00 — this reflects the RSUs converting into shares
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnotes:
  • F1: Each RSU entitles the holder to one share upon settlement.
  • F2: These awards vest 1/16 quarterly (Mar, Jun, Sep, Dec), with the first tranche on Mar 15, 2023.
  • F3: The RSUs do not expire; they vest or are cancelled before vesting.
• No sales reported: shares were not sold immediately (no cashless exercise or open-market sale shown).

Context

• This filing documents a typical RSU settlement (conversion of derivative units into common stock), which is a routine form of compensation for insiders and not a market sale. Because no cash changed hands and no sale occurred, it is primarily an issuance/vesting event rather than a trading signal.