Company: WLTH
Filing Date: 2025-12-12
Form Type: 424B4
Source: 0001628280-25-056780
Chunk: 204

Company: WEALTHFRONT CORP
Filing Date: 2025-12-12
Form: 424B4
Chunk 204
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 and the probability and timing of possible future events. Changes in any or all of these estimates and assumptions, or the relationships between those assumptions, impact our valuations as of each valuation date and may have a significant impact on the valuation of our common stock.

For valuations after the closing of this offering, our board of directors will determine the fair value of each share of our common stock based on the closing price of our common stock on the date of grant. Future expense amounts for any particular period could be affected by changes in our assumptions or market conditions.

Upon the closing of this offering, we expect to recognize a significant non-cash cumulative stock-based compensation charge for RSUs for which the service-based vesting condition has been satisfied. Based on the RSUs outstanding as of July 31, 2025, we expect to recognize approximately $204.9 million of stock-based compensation expense upon the consummation of this offering. We expect to recognize the remaining unrecognized non-cash compensation expense for RSUs that were outstanding as of the closing of this offering ratably as the service-based vesting condition is satisfied. Based on the stock-based awards granted as of July 31, 2025, we expect to recognize approximately $37.0 million and $42.2 million stock-based compensation expense for the remainder of the fiscal years ending January 31, 2026 and 2027, respectively. For RSUs and other stock-based awards granted after the closing of this offering, we expect to record stock-based compensation expense over the requisite service period.

Based upon the initial public offering price of $14.00 per share, the aggregate intrinsic value of stock options outstanding as of July 31, 2025 was $341.6 million, of which $340.2 million related to vested stock options and $1.4 million related to unvested stock options, and the aggregate intrinsic value of RSUs outstanding as of July 31, 2025 was $479.4 million. In addition, we granted RSUs settleable for 2,153,262 shares of our common stock subsequent to July 31, 2025.

#### Quantitative

#### and Qualitative Disclosures of Market Risk
Market risk generally represents the risk of loss that may result from the potential change in the value of a financial instrument as a result of fluctuations in interest rates and market prices. Information relating to quantitative and qualitative disclosures about these market risks is described below.

#### Interest Rate Risk
Our cash and cash equivalents as of the fiscal