SOFI Form 144: Executive to Sell 66,847 Shares Worth $1.04 Million

Rhea-AI Filing Summary

SoFi Technologies, Inc. (SOFI) – Form 144 insider sale notice. The filing discloses that Jeremy D. Rishel has notified the SEC of an intention to sell 66,847 common shares on or about 20 June 2025. The shares were acquired through restricted-stock vesting on 14 June 2025 and will be routed through Fidelity Brokerage Services LLC for execution on the NASDAQ.

The planned sale represents an estimated market value of $1.04 million based on the filing’s reference price, and equals roughly 0.006% of SoFi’s 1.11 billion shares outstanding, indicating an immaterial dilution impact. However, it follows prior insider sales by the same individual over the last three months:

• 68,625 shares on 20 Mar 2025 for $867,420
• 140,494 shares on 17 Jun 2025 for $2,059,333

Combined with the new notice, Mr. Rishel will have disposed of 276,0​00+ shares for ~$3.97 million within a single quarter.

No adverse, non-public information is claimed by the filer, and the disclosure appears routine under Rule 144. Nonetheless, the consecutive insider sales could be interpreted by some investors as a negative sentiment signal, albeit the absolute quantities are small relative to float.

Positive

• Regulatory compliance: Insider followed Rule 144 disclosure, enhancing transparency.
• Immaterial dilution: Proposed sale equals only 0.006% of shares outstanding, posing no balance-sheet impact.

Negative

• Continued insider selling: 276k shares sold/registered within three months may signal reduced insider confidence.
• No 10b5-1 plan date disclosed, leaving timing discretion open to interpretation and potential sentiment risk.

Insights

Financial Analyst

TL;DR: Small, routine Form 144; signals ongoing insider selling but negligible dilution.

From a valuation standpoint, 66.8k shares worth $1.04 m are immaterial against SoFi’s >1 bn share count and ~$10 bn market cap. The shares stem from equity compensation, so monetisation is expected. However, the pace—≈276 k shares sold in three months—can contribute to perception of insider bearishness, especially post-vesting. There is no indication of a 10b5-1 plan date, so timing discretion remains unclear. Volume impact should be minimal, yet sentiment-focused traders may track the pattern.

Corporate Governance Expert

TL;DR: Filing shows compliance; insider disposition trend warrants monitoring.

Rule 144 filings assure regulatory transparency. Rishel’s notice affirms no undisclosed MNPI, satisfying governance norms. The cumulative sale volume is still under Rule 144 limits (1% of outstanding shares in three months), so no red flags on aggregation. Nevertheless, repeated cash-outs shortly after vesting can raise questions about executive alignment with long-term shareholder interests. Investors should watch if additional key officers emulate this pattern.

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	66847	1039470.85	1105363096	06/20/2025	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	06/14/2025	Restricted Stock Vesting	Issuer			66847	06/14/2025	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
Jeremy D. Rishel 234 1st Street San Francisco CA 94105	Common	03/20/2025	68625	867420.00
Jeremy D. Rishel 234 1st Street San Francisco CA 94105	Common	06/17/2025	140494	2059332.95

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 is the size of the Form 144 sale filed by SOFI insider Jeremy D. Rishel?

66,847 common shares valued at about $1.04 million are slated for sale on 20 June 2025.

How much has the same insider sold in the past three months?

Rishel has already sold 209,119 shares for roughly $2.93 million on 20 Mar 2025 and 17 Jun 2025.

What percentage of SoFi’s total shares does the new sale represent?

Approximately 0.006% of the 1.11 billion shares outstanding.

Does the Form 144 mention a Rule 10b5-1 trading plan?

No plan adoption date is provided, so discretionary timing cannot be ruled out.

Why do insiders file Form 144?

Form 144 notifies the SEC of intent to sell restricted or control securities, ensuring Reg 144 volume and manner-of-sale limits are observed.