---
title: "Wealthfront CEO, President Sold Shares Worth Over $1.2M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299361567.md"
description: "Wealthfront CEO and President Fortunato David sold shares worth over $1.2 million to cover tax withholding on vested restricted stock units. The transactions occurred at weighted average prices of approximately $10.73 and $10.19 per share. Following the sales, he directly owns 1,988,525 shares and indirectly holds 331,807 shares via his spouse."
datetime: "2026-09-17T20:20:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299361567.md)
  - [en](https://longbridge.com/en/news/299361567.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299361567.md)
generator: "portal-rs"
---

# Wealthfront CEO, President Sold Shares Worth Over $1.2M

Fortunato David, a director and the CEO and President, reported direct sales of Wealthfront common stock to satisfy tax withholding on vested restricted stock units. The sales were executed at weighted average prices of $10.7304 and $10.191 per share for the respective transactions. The total proceeds from the two sales amounted to $1,295,690. Following the reported transactions, Fortunato David directly owns 1,988,525 shares and indirectly owns 331,807 shares held by his spouse.

Reporter Name

Fortunato David

Relationship

CEO and President

Type

Sell

Amount

$1,295,690

SEC Filing

Form 4

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**