Fortunato David 4

What Happened
David Fortunato, CEO, President and a director of Wealthfront Corp (WLTH), exercised/converted restricted stock units (RSUs) on June 15, 2026. He converted a total of 215,174 RSUs (76,462 + 79,181 + 59,531). The RSUs were reported at $0 exercise price; to satisfy tax withholding, 116,088 shares were withheld/disposed at an effective withholding value of $8.80 per share, totaling $1,021,574. After withholding, the net shares issued to him from this conversion were 99,086 (215,174 − 116,088).

Key Details

• Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (filed within the typical two-business-day window).
• What occurred: Exercise/conversion of RSUs (transaction code M) and shares withheld to pay tax liabilities (transaction code F).
• Shares exercised/converted: 76,462; 79,181; 59,531 (total 215,174). Exercise price shown $0.00.
• Shares withheld for taxes: 116,088 at $8.80 per share = $1,021,574. Net shares delivered: 99,086.
• Footnotes of note: F1 confirms shares were withheld to cover tax withholding on net settlement; F2 notes some reported securities are held directly by the reporting person’s spouse; F3–F7 describe that these awards are RSUs (1 RSU = right to one share) with scheduled quarterly vesting (1/16 each quarter) and no expiration prior to vesting.
• Ownership after transaction: The filing does not state total pre-transaction holdings; net newly issued shares from this settlement were 99,086 (see above).

Context
This was a conversion/settlement of RSUs with a net settlement (shares withheld to cover taxes), not an open-market sale or cash purchase. Net settlements like this are routine when RSUs vest and commonly result in shares being withheld to satisfy tax withholding obligations; they do not by themselves indicate a change in the insider’s market view.