Imberman Alan 4
4 · WEALTHFRONT CORP · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Wealthfront (WLTH) CFO Alan Imberman Net-Settles RSUs; 25,264 Shares Withheld
What Happened
Alan Imberman, CFO and Treasurer of Wealthfront Corp (WLTH), had restricted stock units (RSUs) vest and convert to common stock on June 15, 2026. The filing shows three conversion entries totaling 64,201 shares (23,625 + 17,763 + 22,813) recorded at $0.00 (typical for RSU settlement). The company withheld 25,264 of those shares to cover tax withholding at an effective price of $8.80 per share, totaling $222,323. After withholding, Imberman received approximately 38,937 shares (64,201 converted − 25,264 withheld).
Key Details
- Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (appears timely).
- Conversions/exercises (code M): 23,625; 17,763; 22,813 shares — all at $0.00 (these are RSU conversions).
- Tax withholding (code F): 25,264 shares withheld at $8.80 per share for $222,323. This satisfies tax withholding in a net-settlement (F2).
- Implied net shares delivered to insider: ~38,937 shares.
- Filing notes: Includes 2,500 shares acquired under the company ESPP (exempt) (F1). Footnotes describe these as RSUs (each RSU = 1 share) with quarterly vesting schedules (F3–F7) and no expiration prior to vesting.
- Filing timeliness: Reported two days after the transaction date; no late filing flag indicated.
Context
This was a standard RSU vesting and net-settlement for tax withholding (not an open-market purchase or directed sale). Code M indicates exercise/conversion of derivative securities (here, conversion of RSUs to shares); code F indicates shares were withheld to cover tax obligations. Such net settlements are routine compensation events and do not directly signal a buy or sell opinion by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-15+23,625→ 443,408 total - Exercise/Conversion
Common Stock
2026-06-15+17,763→ 461,171 total - Exercise/Conversion
Common Stock
[F1]2026-06-15+22,813→ 419,783 total - Tax Payment
Common Stock
[F2]2026-06-15$8.80/sh−25,264$222,323→ 435,907 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-06-15−22,813→ 136,875 total→ Common Stock (22,813 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F6][F5]2026-06-15−23,625→ 236,250 total→ Common Stock (23,625 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F7][F5]2026-06-15−17,763→ 248,675 total→ Common Stock (17,763 underlying)
Footnotes (7)
- [F1]Includes 2,500 shares of Class A Common Stock acquired by the reporting person in one or more transactions with Issuer pursuant to its Employee Stock Purchase Plan, which transactions are exempt pursuant to Rules 16a3(f)(1)(i)(B) and 16b3(c).
- [F2]The transaction represents the number of shares of Common Stock withheld by the Issuer to satisfy tax withholding liabilities in connection with the net settlement of restricted stock units.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- [F4]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of March, June, September, and December, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on March 15, 2024.
- [F5]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- [F6]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of March, June, September, and December, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on March 15, 2025.
- [F7]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of March, June, September, and December, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on March 15, 2026.