diff --git a/src/seedsigner/helpers/embit_utils.py b/src/seedsigner/helpers/embit_utils.py
index b32d5d0a..da8f827a 100644
--- a/src/seedsigner/helpers/embit_utils.py
+++ b/src/seedsigner/helpers/embit_utils.py
@@ -142,7 +142,6 @@ def parse_derivation_path(derivation_path: str) -> dict:
     }
 
     details = dict()
-    details["wallet_derivation_path"] = "/".join(sections[:-2])
     details["script_type"] = lookups["script_types"].get(sections[1])
     if not details["script_type"]:
         details["script_type"] = SettingsConstants.CUSTOM_DERIVATION
@@ -153,13 +152,19 @@ def parse_derivation_path(derivation_path: str) -> dict:
         details["is_change"] = sections[-2] == "1"
     else:
         details["is_change"] = None
-    
+
     # Check if there's a standard address index
     if sections[-1].isdigit():
         details["index"] = int(sections[-1])
     else:
         details["index"] = None
 
+    if details["is_change"] is not None and details["index"] is not None:
+        # standard change and addr index; safe to truncate to the wallet level
+        details["wallet_derivation_path"] = "/".join(sections[:-2])
+    else:
+        details["wallet_derivation_path"] = None
+
     details["clean_match"] = True
     for k, v in details.items():
         if v is None: