Lin Lauren 4
4 · WEALTHFRONT CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Wealthfront (WLTH) CLO Lauren Lin Receives RSUs; 14.7K Shares Withheld
What Happened
Lauren Lin, Chief Legal Officer / Chief Compliance Officer and Secretary of Wealthfront (WLTH), had restricted stock units vest on March 15, 2026 that converted into 40,626 shares (reported as exercise/conversion of derivatives, code M). To cover tax withholding, the company withheld 14,707 shares on March 16, 2026 at $7.86 per share, a withholding value of $115,597 (code F). After withholding, Lin received a net 25,919 shares from this vesting event. This was a vesting/net-settlement of RSUs, not an open-market purchase or sale.
Key Details
- Dates and actions:
- 2026-03-15: Conversion/settlement of RSUs into 40,626 shares (reported as M; $0 exercise price because these are RSU settlements).
- 2026-03-16: 14,707 shares withheld for tax obligations at $7.86/share, value reported $115,597 (reported as F).
- Net shares delivered from this vesting: 40,626 vested − 14,707 withheld = 25,919 net shares.
- Footnotes: these were restricted stock units (each RSU = one share). Multiple awards vest quarterly (1/16 each quarter) under various grant schedules (first tranches ranged from June 15, 2022 through December 15, 2025). RSUs do not expire; they vest or are cancelled prior to vesting.
- Filing: Form 4 filed 2026-03-17 reporting transactions from 2026-03-15/16 — appears to be timely (filed within SEC’s two-business-day window).
- Codes explained: M = exercise/conversion of derivative (here, RSU settlement); F = payment of tax liability via share withholding.
Context
This was a routine RSU vesting and net tax-withholding transaction, not an open-market sale or discretionary buy. Withheld shares to satisfy taxes are common and do not necessarily indicate insider sentiment about the company’s stock. Purchases or open-market sales are generally more informative about insider views than tax withholdings on vesting.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-15+1,216→ 116,487 total - Exercise/Conversion
Common Stock
2026-03-15+12,500→ 128,987 total - Exercise/Conversion
Common Stock
2026-03-15+9,375→ 138,362 total - Exercise/Conversion
Common Stock
2026-03-15+4,688→ 143,050 total - Exercise/Conversion
Common Stock
2026-03-15+12,847→ 155,897 total - Tax Payment
Common Stock
[F1]2026-03-16$7.86/sh−14,707$115,597→ 141,190 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-03-15−1,216→ 0 total→ Common Stock (1,216 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5][F4]2026-03-15−12,500→ 37,500 total→ Common Stock (12,500 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F6][F4]2026-03-15−9,375→ 56,250 total→ Common Stock (9,375 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F7][F4]2026-03-15−4,688→ 46,875 total→ Common Stock (4,688 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F8][F4]2026-03-15−12,847→ 179,857 total→ Common Stock (12,847 underlying)
Footnotes (8)
- [F1]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.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- [F3]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of June, September, December, and March, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on June 15, 2022.
- [F4]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- [F5]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, 2023.
- [F6]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of December, March, June, and September, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on December 15, 2023.
- [F7]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of December, March, June, and September, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on December 15, 2024.
- [F8]The award vested or vests as to 1/16 of the total award quarterly on the fifteenth calendar day of December, March, June, and September, subject to the reporting person's continued service to the Issuer on each vesting date, with the first tranche vested on December 15, 2025.