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  4. [144] SoFi Technologies, Inc. SEC Filing

SoFi Technologies (SOFI) insider to sell 23,720 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

SoFi Technologies, Inc. (SOFI) is the issuer of common stock that Eric J. Schuppenhauer intends to sell under Rule 144. The notice covers a planned sale of up to 23,720 shares of common stock held at Fidelity Brokerage Services LLC, related to restricted stock vesting on 08/14/2026. A prior sale of 2,509 shares occurred on 06/16/2026. The sale includes shares needed to cover a tax obligation from settlement of a vested equity award.

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Shares to be sold 23,720 shares Planned sale of SoFi common stock under Rule 144
Aggregate market value of planned sale $427,007.44 Value associated with 23,720 SoFi common shares covered by the notice
Planned sale date 08/18/2026 Date associated with securities information for the proposed Rule 144 sale
Restricted stock vesting date 08/14/2026 Vesting event tied to the shares to be sold
Shares sold in past 3 months 2,509 shares Common stock sale on 06/16/2026
Value of prior sale $44,172.20 Proceeds from 2,509 shares sold on 06/16/2026
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 08/14/2026 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Eric J. Schuppenhauer."
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
equity award distribution financial
"settlement of a vested equity award distribution."

FAQ

What does the Form 144 filing mean for SoFi Technologies, Inc. (SOFI)?
The Form 144 indicates that an affiliate, Eric J. Schuppenhauer, has notified of an intent to sell up to 23,720 SoFi common shares under Rule 144. This is a disclosure of potential resale of restricted or controlled securities, not a new share issuance by SoFi.

How many SOFI shares does Eric J. Schuppenhauer plan to sell under this Form 144?
The notice covers a proposed sale of up to 23,720 shares of SoFi common stock. These shares are associated with restricted stock vesting on 08/14/2026 and are held through Fidelity Brokerage Services LLC as the broker.

What is the approximate value of the SOFI shares covered by this Form 144?
The filing lists an aggregate market value of $427,007.44 for the 23,720 shares of SoFi common stock subject to this Rule 144 notice. This amount reflects the value used for the filing, not necessarily the final sale proceeds.

Were there recent sales of SOFI shares by Eric J. Schuppenhauer before this notice?
Yes. During the past three months, on 06/16/2026, 2,509 shares of SoFi common stock were sold for a total of $44,172.20. This prior transaction is disclosed as required in the Form 144.

Who is executing the planned SOFI share sale for Eric J. Schuppenhauer?
The broker listed is Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island. The Form 144 is signed by Joshua Schmitt as a duly authorized representative of Fidelity, acting as attorney-in-fact for Eric J. Schuppenhauer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR