IYER KAL 4
4 · WEALTHFRONT CORP · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Wealthfront (WLTH) VP Iyer Kal Exercises RSUs, Sells Shares
What Happened
- Iyer Kal, Vice President of Engineering at Wealthfront (WLTH), had restricted stock units (RSUs) vest and convert to common shares on June 15, 2026. The filing shows multiple exercise/conversion (derivative) entries and subsequent dispositions: 41,784 shares were withheld to cover tax withholding at $8.80 per share (value $367,699) and 45,772 shares were sold in an open-market transaction at $8.92 per share (proceeds $408,208). The transactions reflect a net settlement of vested RSUs rather than a cash purchase of stock.
Key Details
- Transaction date: June 15, 2026 (Form filed June 17, 2026).
- Prices and values: tax withholding 41,784 shares @ $8.80 = $367,699; open-market sale 45,772 shares @ $8.92 = $408,208.
- Shares owned after transaction: not specified in the provided filing extract.
- Notable footnotes: tax withholding to issuer (F1); open-market sale executed under a Rule 10b5-1 trading plan adopted Jan 14, 2026 (F2); each RSU converts to one share on settlement (F3); a 249,000-RSU grant dated Dec 30, 2025 is reported on this Form 4 and was omitted earlier due to an administrative error (late report) (F8).
- Timeliness: Form filed June 17, 2026 and includes a late report of the Dec 30, 2025 RSU grant (see F8).
Context
- These were derivative/RSU settlement events: RSUs vested and converted into shares, with a portion withheld to satisfy tax obligations and the remainder sold under a pre-established 10b5-1 plan. This pattern is common for employees monetizing vested compensation and typically reflects routine post-vesting settlement rather than a directional buy/sell signal.
- Codes recap: M = exercise/conversion of derivative (RSU settlement), F = payment of exercise price or tax withholding, S = open market sale, A = award/grant.
Insider Transaction Report
Form 4
WEALTHFRONT CORPWLTH
IYER KAL
VP, Engineering
Transactions
- Exercise/Conversion
Common Stock
2026-06-15+20,387→ 284,764 total - Exercise/Conversion
Common Stock
2026-06-15+20,387→ 305,151 total - Exercise/Conversion
Common Stock
2026-06-15+21,112→ 326,263 total - Exercise/Conversion
Common Stock
2026-06-15+15,562→ 341,825 total - Tax Payment
Common Stock
[F1]2026-06-15$8.80/sh−41,784$367,699→ 300,041 total - Sale
Common Stock
[F2]2026-06-15$8.92/sh−45,772$408,208→ 254,269 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-06-15−20,387→ 61,163 total→ Common Stock (20,387 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6][F5]2026-06-15−20,387→ 142,713 total→ Common Stock (20,387 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F7][F5]2026-06-15−21,112→ 232,238 total→ Common Stock (21,112 underlying) - Award
Restricted Stock Units
[F3][F8][F9][F5]2025-12-30+249,000→ 249,000 total→ Common Stock (249,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F9][F5]2026-06-15−15,562→ 233,438 total→ Common Stock (15,562 underlying)
Footnotes (9)
- [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]This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 14, 2026.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- [F4]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.
- [F5]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- [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.
- [F8]The December 30, 2025 award of restricted stock units to the reporting person was not previously reported on a Form 4 due to inadvertent administrative error. The grant is reported late on this Form 4, together with the initial vesting of the award.
- [F9]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, 2026.
Signature
/s/ Lauren Lin, as Attorney-in-Fact|2026-06-17