Imberman Alan 4

What Happened
Alan Imberman, CFO and Treasurer of Wealthfront (WLTH), had restricted stock units (RSUs) vest and converted into 64,199 shares of common stock on March 15, 2026 (three separate vesting/conversion entries). To satisfy tax withholding obligations, 15,756 of those shares were withheld on March 16, 2026 at $7.86 per share, a withholding value of $123,842. The transactions are reported as derivative exercises (code M) with the withholding shown as a disposition for tax purposes (code F). Net shares delivered to Imberman after withholding: 48,443.

Key Details

• Transaction dates: RSU conversion reported 2026-03-15; tax withholding executed 2026-03-16; Form 4 filed 2026-03-17.
• Shares converted (acquired): 22,812 + 23,625 + 17,762 = 64,199 shares (exercise/conversion at $0.00 — indicative of RSU settlement, not option cash exercise).
• Shares withheld for taxes (disposed): 15,756 shares at $7.86 = $123,842.
• Net shares retained by insider after withholding: 48,443 shares.
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding on net settlement; F2–F6 describe that each RSU equals one share, vesting occurs 1/16 quarterly on Mar 15/Jun 15/Sep 15/Dec 15 per the stated schedules (different awards with first tranches on 3/15/2024, 3/15/2025, and 3/15/2026). These RSUs do not expire (per F4).
• Filing timeliness: Form 4 filed 3/17/2026 reporting a 3/15/2026 event — appears timely (within SEC two-business-day Form 4 window).
• Shares owned after transaction: Not stated in provided excerpt of the filing.

Context
This was a vesting/net-settlement of RSUs (not an open-market sale or purchase). Withholding shares to satisfy taxes is a routine administrative step and not necessarily a market-sentiment signal. The exercise entries at $0.00 reflect conversion of RSUs to shares rather than option exercises requiring cash payment.