Bisharat Jaleh 4

What Happened

• Jaleh Bisharat, a director of Wealthfront Corp (WLTH), had 17,007 restricted stock units (RSUs) vest and convert into 17,007 shares on March 15, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) that shows the shares acquired at $0.00 — indicating settlement of RSUs rather than a cash purchase. The filing also lists the derivative instrument as disposed (the RSU was converted), not a sale of the underlying shares.

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-17 (within the typical 2-business-day window).
• Reported transactions: 17,007 shares acquired via conversion of RSUs at $0.00; matching line shows the derivative (RSU) disposed/converted.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes: F1—each RSU converts to one share on settlement; F2—the award vested in full on 3/15/2026 subject to continued service; F3—these RSUs do not expire but vest or are cancelled before vesting.
• No sale reported; this is a vesting/settlement event, not an open-market purchase or disposition.

Context

• This transaction reflects RSU vesting/settlement (a non‑cash conversion) rather than an insider buy or sell that signals trading intent. The $0.00 price shows no cash exercise cost; the separate "disposed" line refers to the RSU/derivative being converted, not that the shares were sold. For retail investors, vesting events increase insider share count but do not necessarily indicate a bullish or bearish signal on their own.