Company: WLTH
Filing Date: 2025-12-12
Form Type: 424B4
Source: 0001628280-25-056780
Chunk: 46

Company: WEALTHFRONT CORP
Filing Date: 2025-12-12
Form: 424B4
Chunk 46
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 Option Exercise, the RSU Net Settlement, and the SAFE Settlement, as if each had occurred on July 31, 2025, (ii) the filing and effectiveness of our restated certificate of incorporation that will become effective immediately prior to the completion of this offering, (iii) the borrowing of an aggregate of $200.0 million under the Revolving Credit Facility prior to the effective date of the registration statement of which this prospectus forms a part to pay the estimated tax withholding and remittance obligations in connection with the RSU Net Settlement, and (iv) the related $323.0 million net increase in total liabilities resulting from (a) the borrowing of $200.0 million from the Revolving Credit Facility, (b) $130.1 million tax withholding and remittance obligations associated with the RSU Net Settlement, offset by (c) a $7.1 million liability decrease in connection with the SAFE Settlement, and the $108.0 million increase in additional paid-in capital resulting from (I) $227.2 million in connection with the Capital Stock Conversion, (II) $3.8 million of selling stockholders proceeds from the Option Exercise, (III) $7.1 million in connection with the SAFE Settlement, (IV) offset by $85.2 million decrease resulting from the RSU Net Settlement and the related estimated tax withholding and remittance obligations, and (V) $44.9 million stock-based compensation expense related to RSUs for which the time-based and performance-based vesting conditions were satisfied in connection with this offering. (2) The pro forma as adjusted column above gives effect to (i) the pro forma adjustments set forth in footnote (1) above and (ii) the sale and issuance by us of 21,468,038 shares of our common stock in this offering, based upon the initial public offering price of $14.00 per share, after deducting underwriting discounts and commissions and estimated offering expenses payable by us, and (iii) the application of the net proceeds from this offering to repay the entire amount outstanding under the Revolving Credit Facility. (3) Working capital is defined as current assets less current liabilities. Key Business Metrics and Non-GAAP Financial Measures We review a number of operating and financial metrics, including the following key business metrics and financial measures not calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) to evaluate and manage our business, measure our performance, identify trends affecting our business, formulate business plans, and make strategic decisions