[144] SoFi Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed relating to SoFi Technologies, Inc. (SOFI) reports a proposed sale of 39,116 common shares through Fidelity Brokerage Services on 09/16/2025 with an aggregate market value of $1,055,713.46. The shares were acquired on 09/15/2025 via restricted stock vesting and the payment is reported as compensation. The filing lists total outstanding common shares of 1,197,450,100 and identifies NASDAQ as the exchange.

The filer also disclosed a prior sale by Stephen Simcock of 38,222 common shares on 06/17/2025 for gross proceeds of $560,250.43. The notice includes the standard representation that the seller does not possess undisclosed material adverse information and warns against intentional misstatements.

Positive

• Transaction is disclosed under Rule 144 with broker and timing details provided
• Securities were acquired via restricted stock vesting, indicating the sale relates to compensation rather than undisclosed events
• Prior sale history is reported (38,222 shares sold on 06/17/2025), improving transparency

Negative

• None of the filing's details indicate material adverse developments for the issuer in this document

Insights

Securities/Equity Analyst

TL;DR: Routine insider sale of vested shares; size is modest relative to outstanding float and is properly disclosed.

The filing documents a planned sale of 39,116 common shares resulting from restricted stock vesting one day prior to the proposed sale date, with proceeds of about $1.06 million. Given the company's reported outstanding shares of 1.197 billion, the transaction represents a de minimis percentage of total shares and appears to be a compensation-related disposition rather than an opportunistic market liquidation. Prior sale on 06/17/2025 of 38,222 shares for ~$560k shows prior disposition activity by the named individual. From a market-impact perspective this filing is routine and likely immaterial to valuation, but it is relevant for monitoring insider selling patterns.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; the filing confirms the seller's representation about material non-public information.

The form indicates the shares were issued as restricted stock that vested and are being sold as compensation proceeds, and the notice contains the required attestation regarding material adverse information. The inclusion of full seller identity for the prior sale and broker details satisfies standard transparency obligations. This is a routine governance disclosure that allows investors to track insider monetization of compensation awards.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	39116	1055713.46	1197450100	09/16/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/15/2025	Restricted Stock Vesting	Issuer			39116	09/15/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Stephen Simcock 234 1st Street San Francisco CA 94105	Common	06/17/2025	38222	560250.43

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does SoFi's (SOFI) Form 144 report?

The Form 144 reports a proposed sale of 39,116 common shares to be executed via Fidelity on 09/16/2025 with aggregate market value of $1,055,713.46.

How were the shares being sold acquired?

The shares were acquired on 09/15/2025 through restricted stock vesting and the payment is listed as compensation.

Who previously sold shares for the same account in the past three months?

Stephen Simcock sold 38,222 common shares on 06/17/2025 for gross proceeds of $560,250.43.

What exchange will the proposed sale occur on?

The filing lists NASDAQ as the securities exchange for the proposed sale.

How large is the proposed sale relative to outstanding shares?

The filing shows 1,197,450,100 shares outstanding; the proposed sale of 39,116 shares is a de minimis fraction of that total.