IYER KAL 4
4 · WEALTHFRONT CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Wealthfront (WLTH) VP Iyer Kal Converts RSUs; 25,805 Shares Withheld
What Happened
Iyer Kal, VP of Engineering at Wealthfront (WLTH), converted a total of 71,577 restricted stock units (RSUs) into common shares on March 15, 2026. As part of the net-settlement, 25,805 shares were withheld on March 16, 2026 to satisfy tax withholding obligations, valued at $7.86 per share for a total withholding of $202,827. The RSU conversion lines are reported as exercise/conversion of a derivative (transaction code M) and the withholding as a payment of tax liability (code F).
Key Details
- Transaction dates: conversion reported March 15, 2026; tax-withholding payment on March 16, 2026. Filing date: March 17, 2026 (timely).
- Shares converted (acquired): 9,688 + 20,388 + 20,388 + 21,113 = 71,577 RSUs converted to shares.
- Shares withheld for taxes (disposed): 25,805 shares at $7.86 = $202,827. Net shares received after withholding: 71,577 − 25,805 = 45,772 shares.
- Price reported on conversion lines: $0.00 (RSUs settled into shares, not purchased).
- Footnotes: these were RSUs (each RSU = 1 share on settlement); vesting schedule is quarterly (1/16 each quarter per footnotes) with multiple award vintages; RSUs do not expire prior to vesting. Footnote F1 confirms the withholding satisfied tax liabilities via net settlement.
- Shares owned after the transaction are not specified in the filing.
Context
- This transaction is a conversion/net settlement of vested RSUs, not an open-market purchase or discretionary sale. The $0.00 price lines reflect settlement of RSUs rather than a cash purchase.
- Withholdings to cover taxes are routine for net-settled equity awards and do not by themselves indicate a buy/sell sentiment.
Insider Transaction Report
Form 4
WEALTHFRONT CORPWLTH
IYER KAL
VP, Engineering
Transactions
- Exercise/Conversion
Common Stock
2026-03-15+9,688→ 228,293 total - Exercise/Conversion
Common Stock
2026-03-15+20,388→ 248,681 total - Exercise/Conversion
Common Stock
2026-03-15+20,388→ 269,069 total - Exercise/Conversion
Common Stock
2026-03-15+21,113→ 290,182 total - Tax Payment
Common Stock
[F1]2026-03-16$7.86/sh−25,805$202,827→ 264,377 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-03-15−9,688→ 0 total→ Common Stock (9,688 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5][F4]2026-03-15−20,388→ 81,550 total→ Common Stock (20,388 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6][F4]2026-03-15−20,388→ 163,100 total→ Common Stock (20,388 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F7][F4]2026-03-15−21,113→ 253,350 total→ Common Stock (21,113 underlying)
Footnotes (7)
- [F1]The transaction represents the number of shares of Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- [F3]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2022.
- [F4]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- [F5]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2023.
- [F6]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2024.
- [F7]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2025.
Signature
/s/ Lauren Lin, as Attorney-in-Fact|2026-03-17