Fortunato David 4

What Happened

• David Fortunato, CEO, President and Director of Wealthfront Corp (WLTH), exercised options on 2026-03-20 to acquire 40,816 common shares at a $2.45 exercise price, for a cash outlay of $99,999. The filing also shows the related derivative (the option) was surrendered/terminated (reported as disposed at $0) in connection with the exercise (SEC transaction code M = option exercise).

Key Details

• Transaction date: 2026-03-20; filing date: 2026-03-24 (filed within the SEC’s 2‑business‑day window).
• Acquired: 40,816 shares at $2.45 per share; aggregate cash paid $99,999.
• Disposed: 40,816 derivative shares (the option) reported at $0 (reflecting conversion/cancellation on exercise).
• Shares owned after the transaction: not specified in the provided extract.
• Footnotes: F1 — the reported securities are directly held by the reporting person’s spouse; F2 — the option was fully vested (vested on May 23, 2020).

Context

• This was an option exercise (conversion of options into shares), not an open-market sale. No immediate sale of the acquired shares is reported in this filing. Option exercises are often routine (especially for vested awards) and do not necessarily signal a change in conviction; they can simply reflect exercising vested compensation.