WLTH CEO David Fortunato sold 860,570 shares for $12,047,980.00, reducing holdings 84.9%
Fortunato David, CEO and President of Wealthfront Corp, executed 2 separate sales on 2025-12-11 totaling 860,570 shares at $14.00 per share for $12,047,980.00, reducing his post-transaction holdings to 153,503 shares from 1,014,073 shares. This represents a reduction of 84.9% of his pre-transaction position. The sales occurred just 2 trading days after the company's recent listing, during a period when price discovery is still underway and the current market price stands at $13.95. The magnitude of the reduction—divesting nearly 85% of his holdings immediately post-IPO—is notable and warrants investor attention given the CEO's significant reduction in economic exposure at this early stage of public trading.