Company: WLTH
Filing Date: 2025-09-29
Form Type: S-1
Source: 0001628280-25-043113
Chunk: 362

Company: WEALTHFRONT CORP
Filing Date: 2025-09-29
Form: S-1
Chunk 362
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, and the post-TCJA NOLs can be carried forward indefinitely. The State NOL carryforwards will begin to expire in 2032, if not utilized. The Company also has Federal and State research and development tax credits of approximately $12.2 million and $7.4 million, respectively. The Federal tax credits will begin to expire in 2039, if not utilized, and the State tax credits have no expiratio n.

The Company’s ability to utilize the NOLs and tax credit carryforwards is subject to limitations in the event of an ownership change as defined in Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”), and similar state law. In general, an ownership change occurs if the aggregate stock ownership of certain stockholders increases by more than 50 percentage points over such stockholders’ lowest percentage ownership during the testing period. In the event that the Company has had a change in ownership, utilization of the carryforwards could be restricted. The Company assessed whether it had an ownership change, as defined by Section 382 of the Code, from its formation through January 31, 2025. Based upon this assessment, the Company experienced three ownership changes in the prior years. However, the Company does not expect any previous ownership changes to result in a

<div align='center'>F-31</div>

### WEALTHFRONT CORPORATION
<div align='center'>Notes to Consolidated Financial Statements</div>

limitation that will reduce the total amount of NOLs and tax credit carryforwards that can be utilized. Additional ownership changes in the future could result in additional limitations on the Company’s NOL and tax credit carryforwards.

The Company had unrecognized tax benefits as outlined in the tabular reconciliation below (in thousands):

|                                                           |     | Fiscal Year Ended January 31, |  2024 |     |   |  2025 |
|:----------------------------------------------------------|:----|:------------------------------|------:|:----|:--|------:|
| Unrecognized tax benefits as of the beginning of the year |     | $                             | 5,435 |     | $ | 6,661 |
| Increase related to current-year tax provisions           |     |                               | 1,225 |     |   | 1,391 |
| Unrecognized tax benefits as of the end of the year       |     | $                             | 6,660 |     | $ | 8,052 |