Company: WLTH
Filing Date: 2025-09-29
Form Type: S-1
Source: 0001628280-25-043113
Chunk: 340

Company: WEALTHFRONT CORP
Filing Date: 2025-09-29
Form: S-1
Chunk 340
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 Company to develop its own assumptions that market participants would use in pricing the asset or liability, including assumptions about risk.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In addition, the Company considers and uses all valuation methods that are appropriate in estimating the fair value of an asset or liability.

The Company’s financial instruments consist of cash and cash equivalents, cash segregated and on deposit for regulatory purposes, client-held fractional shares, restricted cash, due from/to clients, proprietary inventory in other current assets, accounts payable, accrued liabilities, payable to clearing broker, fractional shares repurchase obligation, convertible note, SAFEs, and warrant liabilities. Cash equivalents, client-held fractional shares, fractional shares repurchase obligation, proprietary inventory, convertible note, SAFEs, and warrant liabilities are stated at fair value. Cash, cash investments segregated and on deposit for regulatory purposes, restricted cash, due from/to clients, accounts payable, accrued liabilities, and payable to clearing broker are stated at their carrying value, which approximates fair value due to the short time these financial instruments are held to the expected receipt or payment date.

The following tables summarize the fair value of financial assets and liabilities and their classification by level of input within the fair value hierarchy as of January 31, 2024 and 2025 ( in thousands ):

| January 31, 2024                          |     | Financial Assets and Liabilities at Fair Value 
 Total                                          |        |     | Level 1 |        |     | Level 2 |   |     | Level 3 |        |
|:------------------------------------------|:----|:-----------------------------------------------|-------:|:----|:--------|-------:|:----|:--------|:--|:----|:--------|-------:|
| Assets                                    |     |                                                |        |     |         |        |     |         |   |     |         |        |
| Cash equivalents                          |     |                                                |        |     |         |        |     |         |   |     |         |        |
| Money market funds                        |     | $                                              | 80,004 |     | $       | 80,004 |     | $       | — |     | $       |      — |
| Certificates of deposit                   |     |                                                |  2,600 |     |         |  2,600 |     |         | — |     |         |      — |
| Client-held fractional