The board of directors of Wealthfront Corporation approved an additional $150.0 million for the repurchase of common stock on October 20, 2026. This action expands the company's existing share repurchase program, which had approximately $18.3 million remaining under a $100.0 million authorization approved in March 2026.
The new authorization allows Wealthfront to buy back shares in the open market, through privately negotiated transactions, or by other methods. The filing states that the amount and timing of these repurchases will be determined at the company's discretion, depending on market conditions and corporate needs. Open market purchases will follow applicable federal and state securities laws, including the pricing and volume conditions of Rule 10b-18 under the Securities Exchange Act of 1934.
Wealthfront may also enter into Rule 10b5-1 plans to facilitate these repurchases. The program does not obligate the company to repurchase a specific dollar amount or number of shares. The board retains the right to modify, suspend, or terminate the program at any time.
The company expects to fund the repurchases using existing cash and cash equivalents and ongoing cash from operations. The filing notes that these forward-looking statements involve risks and uncertainties that may cause actual results to differ from expectations. These risks include the possibility that repurchases may not occur in the expected timeframe or manner, or at all.
Alan Imberman, Chief Financial Officer of Wealthfront Corporation, signed the Form 8-K report on October 21, 2026. The document was filed with the U.S. Securities and Exchange Commission, listing the company's principal executive offices at 261 Hamilton Avenue in Palo Alto, California.