Lin Lauren 4

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.