[144] SoFi Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

SoFi Technologies, Inc. notice reports a proposed sale of 1,500,000 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value of $39,060,000, scheduled approximately for 08/28/2025. The filing shows 1,197,450,100 shares outstanding, so the sale equals about 0.125% of outstanding shares. All 1,500,000 shares were acquired from the issuer as restricted stock units granted on multiple dates from 06/26/2022 through 06/14/2024, and payment was recorded as compensation. No securities were reported sold in the past three months and the filer certifies no undisclosed material adverse information.

Positive

• Full provenance disclosed: All 1,500,000 shares are shown as acquired as RSU compensation with specific grant dates.
• Large broker engaged: Proposed sale routed through Goldman Sachs & Co. LLC, a major broker-dealer.
• Limited percent of float: 1,500,000 shares represent approximately 0.125% of outstanding common stock, indicating limited market impact.

Negative

• Insider monetization: A holder is proposing to sell shares worth $39.06 million, which may be viewed unfavorably by some investors.
• No prior three-month sales noted: While this is not inherently negative, the filing shows "Nothing to Report" for sales during the past three months, meaning this is a new disposal event.

Insights

Financial Analyst

TL;DR: Proposed sale is modest relative to float; proceeds reflect vested compensation monetization.

The filing documents a planned disposition of 1.5 million shares valued at $39.06 million via a major broker, representing about 0.125% of SoFi's outstanding common stock. All shares originated from restricted stock unit awards issued by the company between 2022 and 2024 and were paid as compensation. From a market-impact perspective, the size is small relative to total shares outstanding, suggesting limited direct dilution or supply pressure. The absence of other sales in the prior three months indicates this is a discrete monetization event rather than an ongoing selling pattern disclosed in this filing.

Corporate Governance Expert

TL;DR: Transaction is routine executive compensation vest monetization; governance disclosure appears complete.

The notice identifies the securities as issued as compensation and lists specific grant vesting dates, providing transparency on provenance and timing. Use of a broker firm for the proposed sale aligns with common practice for insiders liquidating vested awards. The filer also affirms no undisclosed material adverse information. Based solely on this filing, there are no governance red flags or irregular disclosures; the filing does not indicate any related-party transfers or gifts.

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 Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	1500000	39060000	1197450100	08/28/2025	NASD

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 Stock	06/14/2024	Acquired as compensation -- Restricted Stock Units	The Issuer			453761	06/14/2024	Compensation
Common Stock	03/14/2024	Acquired as compensation -- Restricted Stock Units	The Issuer			389432	03/14/2024	Compensation
Common Stock	12/14/2023	Acquired as compensation -- Restricted Stock Units	The Issuer			353373	12/14/2023	Compensation
Common Stock	12/27/2022	Acquired as compensation -- Restricted Stock Units	The Issuer			48035	12/27/2022	Compensation
Common Stock	12/14/2022	Acquired as compensation -- Restricted Stock Units	The Issuer			45861	12/14/2022	Compensation
Common Stock	09/26/2022	Acquired as compensation -- Restricted Stock Units	The Issuer			49154	09/26/2022	Compensation
Common Stock	09/14/2022	Acquired as compensation -- Restricted Stock Units	The Issuer			45861	09/14/2022	Compensation
Common Stock	08/26/2022	Acquired as compensation -- Restricted Stock Units	The Issuer			49154	08/26/2022	Compensation
Common Stock	07/26/2022	Acquired as compensation -- Restricted Stock Units	The Issuer			49154	07/26/2022	Compensation
Common Stock	06/26/2022	Acquired as compensation -- Restricted Stock Units	The Issuer			16215	06/26/2022	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

Nothing to Report

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 shares does the SOFI Form 144 propose to sell?

The filing proposes sale of 1,500,000 shares of SoFi common stock.

When is the proposed SOFI sale expected to occur?

The approximate sale date listed is 08/28/2025.

What is the aggregate market value of the shares to be sold in the SOFI Form 144?

The aggregate market value is shown as $39,060,000.

How were the shares in the SOFI Form 144 acquired?

All shares were acquired as restricted stock units (compensation) from the issuer on grant dates between 06/26/2022 and 06/14/2024.

What percentage of SoFi outstanding shares does the proposed sale represent?

The sale equals about 0.125% of the reported 1,197,450,100 shares outstanding.