Wealthfront buys CEO's 95.1% stake in subsidiary Wealthfront Holdings for $1

WEALTHFRONT CORP

Acquired CEO David Fortunato's 95.1% LLC interest in Wealthfront Holdings LLC for $1.
Wealthfront Holdings LLC is sole member of Wealthfront Home Lending, now indirect wholly-owned subsidiary.
Internal reorganization; no change in operations, economics, or control of Wealthfront Home Lending.
Transaction completed after regulatory waiting period; prior stake already effectively controlled by company.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WEALTHFRONT CORP entered into Equity Purchase Agreement with David Fortunato valued at nominal consideration in the amount of one dollar ($1) (effective 2026-02-16).

Action: entry
Agreement: equity purchase
Counterparty: David Fortunato
Value: nominal consideration in the amount of one dollar ($1)
Effective: 2026-02-16

Exact text from the filing

On February 16, 2026: The Company entered into an Equity Purchase Agreement with David Fortunato, the Company’s Chief Executive Officer and President, attached hereto as Exhibit 10.1 (the “Purchase Agreement”). Pursuant to the Purchase Agreement, the Company acquired the entirety of Mr. Fortunato’s limited liability company interest in Wealthfront Holdings LLC, the sole member of Wealthfront Home Lending, representing 95.1% of the aggregate limited liability company interests of Wealthfront Holdings LLC (the “Ownership Interest”), for nominal consideration in the amount of one dollar ($1).

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Source: SEC EDGAR

accession 0001628280-26-008816

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