Wetterwald Julien 4

What Happened

• Julien Wetterwald, Chief Technology Officer of Wealthfront (WLTH), had restricted stock units (RSUs) convert into common shares on March 15, 2026. Four tranches totaling 81,024 shares vested (20,525; 20,387; 21,112; 19,000 shares).
• The company withheld 29,208 of those shares on March 16, 2026 to satisfy tax withholding at a per-share value of $7.86, equal to $229,575. Net new shares retained by Wetterwald from this vesting event = 51,816. This was a vesting/settlement event (not an open-market sale or purchase).

Key Details

• Transaction dates: conversions/vesting on 2026-03-15 (acquired 81,024 shares at $0.00 per share); tax withholding on 2026-03-16 (29,208 shares withheld at $7.86 = $229,575).
• Codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax withholding.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes of note: F1 indicates the withheld shares were used to satisfy tax withholding; F2 confirms each RSU equals one share; F3–F7 describe quarterly vesting schedules for different awards (some tranches began vesting as early as 2022, with others starting in 2024–2026).
• Filing: Form 4 filed 2026-03-17 reporting events on 3/15–3/16; appears to have been filed within the normal two-business-day window.

Context

• This was a routine net settlement of vested RSUs (company withheld shares to cover taxes), not an open-market sale. Such withholding is common and doesn’t necessarily indicate a change in the insider’s view of the company.
• For retail investors, purchases are typically more informative than routine vesting; here the transaction increased Wetterwald’s net holdings by 51,816 shares after tax withholding.