WEALTHFRONT (WLTH) CFO Alan Imberman Sells Shares After RSU Vest

What Happened Alan Imberman, CFO and Treasurer of Wealthfront (WLTH), had restricted stock units (RSUs) vest and convert into common shares (reported as derivative exercises/conversions). The filing shows 64,199 shares were acquired via conversion at $0.00 (reflecting vested RSUs). Of those, Imberman sold 20,304 shares on 2026-09-15 (weighted avg price $10.73) for $217,870 and 6,292 shares on 2026-09-16 (weighted avg price $10.19) for $64,122 — total open-market proceeds of about $281,992. The filing also records corresponding derivative dispositions at $0 tied to the same vesting/conversion events.

Key Details

• Primary dates: conversions/vests reported 2026-09-15; market sales on 2026-09-15 and 2026-09-16. Filing date: 2026-09-17 (filed timely).
• Shares acquired by conversion (M): 22,812 + 23,625 + 17,762 = 64,199 shares at $0.00.
• Shares sold (S): 20,304 @ weighted avg $10.73 (9/15; range $10.55–$10.88 per footnote F2) and 6,292 @ weighted avg $10.19 (9/16; range $9.96–$10.83 per footnote F3). Total sold = 26,596 shares for ≈ $281,992.
• Footnote F1: sales were to satisfy tax withholding obligations tied to RSU vesting. Footnotes F4–F8 describe these awards as RSUs (1 RSU = 1 share) with quarterly 1/16 vesting schedules and no expiration for the units.
• Shares owned after the transactions are not specified in the provided filing excerpt.

Context This is a routine tax-withholding sale following RSU vesting (a form of "cashless" settlement where some shares are sold to cover taxes), not an open-market buy indicating additional bullish insider buying. Derivative code M indicates exercise/conversion of equity awards; code S indicates open-market sale. The filing appears timely (reported within normal Form 4 deadlines).