4Filed Sep 17, 8:00 PM ET
Wealthfront (WLTH) VP Engineering Iyer Kal Sells 26,738 Shares
$WLTH · WEALTHFRONT CORPResearch Summary
AI-generated summary of this SEC filing
Wealthfront (WLTH) VP Engineering Iyer Kal Sells 26,738 Shares
What Happened
Iyer Kal, Vice President of Engineering at Wealthfront (WLTH), sold 26,738 shares on 2026-09-17 in an open-market transaction. The reported weighted-average price was $10.11 per share, generating total proceeds of approximately $270,198. This was a sale (not a purchase) and was executed pursuant to a pre-existing Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-09-17; Form 4 filed: 2026-09-18 (filed promptly).
- Price: weighted average $10.11; individual sale prices ranged from $9.985 to $10.24 per share.
- Total proceeds: ~$270,198.
- Shares owned after transaction: not specified in the summary filing (see Form 4 for post-transaction holdings).
- Footnotes: F1 — sale executed under a Rule 10b5-1 plan adopted Jan 14, 2026. F2 — weighted-average price with range; reporter will provide per-price breakdown on request.
- Filing timeliness: appears timely (filed the day after the trade).
Context
Sales made under a Rule 10b5-1 plan are pre-arranged and typically indicate scheduled selling rather than an ad-hoc decision based on current company information. This filing reports a routine insider sale; it is factual disclosure and does not by itself indicate company performance or insider sentiment.