Schmidt Michael Reed 4
4 · WEALTHFRONT CORP · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
Wealthfront Director Michael Schmidt Receives 19,446 RSUs
What Happened
- Michael Reed Schmidt, a director of Wealthfront Corp (WLTH), was granted 19,446 restricted stock units (RSUs) on June 23, 2026. The reported acquisition price is $0.00 (a compensation award/derivative grant), so no cash changed hands at grant.
Key Details
- Transaction date: 2026-06-23; Form 4 filed: 2026-06-25.
- Grant: 19,446 restricted stock units (RSUs) recorded as a derivative award at $0.00.
- Shares owned after transaction: not specified in the supplied filing data.
- Footnotes from the filing:
- F1: Each RSU represents a contingent right to one share upon settlement.
- F2: Vesting occurs on the earlier of (i) the next annual stockholder meeting or (ii) the first anniversary of the grant date, subject to continuous service.
- F3: These RSUs do not expire; they either vest or are cancelled before vesting.
- No indication in the provided data that the filing was late.
Context
- RSUs are compensation awards that convert to actual shares only upon vesting; they do not represent immediate share ownership or cash proceeds. Director awards like this are common as part of board compensation and should not be interpreted alone as a buy or sell signal.
Insider Transaction Report
Form 4
WEALTHFRONT CORPWLTH
Schmidt Michael Reed
Director
Transactions
- Award
Restricted Stock Units
[F1][F2][F3]2026-06-23+19,446→ 19,446 total→ Common Stock (19,446 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
- [F2]The entire award shall vest on the earlier to occur of: (i) the date of the next annual meeting of the Issuer's stockholders and (ii) the first anniversary of the grant date, in each case subject to the reporting person's continuous service through such date.
- [F3]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Signature
/s/ Lauren Lin, as Attorney-in-Fact|2026-06-25