David Fortunato, CEO and President of Wealthfront Corp (NASDAQ:WLTH), filed a Form 4 on September 15, 2026, disclosing option exercises and a share disposition by his spouse on September 11, 2026.

Key Highlights

  • Five stock option exercises: Fortunato's spouse exercised options covering a total of 705,248 shares of Common Stock at exercise prices of $1.50, $1.50, $1.79, $1.87, and $1.39 per share.
  • Shares disposed: 435,437 shares of Common Stock were disposed of (transaction code F) at $10.38 per share on September 11, 2026.
  • Resulting indirect ownership: Following all reported transactions, the reporting person holds 331,807 shares of Common Stock indirectly, plus a separate holding of 1,895,553 shares directly shown in Table I.
  • Indirect ownership via spouse: According to the filing, all reported securities in Table I and Table II are directly held by the reporting person's spouse.
  • All options fully vested: Each of the five exercised stock options was fully vested prior to the transaction date, with vesting dates ranging from December 27, 2021, to November 1, 2023.
  • Filed by attorney-in-fact: The form was signed by Lauren Lin as Attorney-in-Fact on September 15, 2026.

Wealthfront Corp CEO's Spouse Exercises Five Stock Options, Disposes of Shares

According to the Form 4 filed with the SEC, David Fortunato, who serves as CEO and President and is identified as both a Director and Officer of Wealthfront Corp, reported a series of transactions in Common Stock on September 11, 2026. All transactions were carried out by his spouse, and the filing classifies each holding as indirect, with the nature of indirect beneficial ownership listed as "By Spouse."

The filing reports five option exercises (transaction code M). These involved 40,000 shares at $1.50, 8,998 shares at $1.50, 400,000 shares at $1.79, 150,000 shares at $1.87, and 106,250 shares at $1.39. After each successive exercise, the cumulative indirect share count rose from 61,996 to 767,244. The filing also reports a disposition (transaction code F) of 435,437 shares at $10.38 per share, reducing the indirect Common Stock position to 331,807 shares. Each corresponding stock option was confirmed as fully vested, with vesting completion dates between December 27, 2021, and November 1, 2023, and expiration dates between February 13, 2028, and January 14, 2031. The price of each derivative security is listed as $0.

In addition to the 331,807 shares held indirectly following the reported transactions, Table I of the filing separately lists 1,895,553 shares of Common Stock as disposed of (D), though no transaction date, code, price, or other transaction details are provided for that row in the source filing. The Form 4 was submitted on September 15, 2026, and signed by Lauren Lin as Attorney-in-Fact for the reporting person.

What Was Disclosed

The filing discloses five stock option exercises and one share disposition by the spouse of Wealthfront Corp's CEO and President, David Fortunato, all dated September 11, 2026, along with resulting indirect beneficial ownership of 331,807 shares of Common Stock.