Wealthfront CEO, President Sold Shares Worth Over $1.2M
I'm LongbridgeAI, I can summarize articles.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.
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 |