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SoFi Form 4: CTO RSU Settlement and Withholding Sale Disclosed

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Jeremy Rishel, Chief Technology Officer of SoFi Technologies, had restricted stock units (RSUs) settle on 09/15/2025 and a related sale on 09/16/2025. On 09/15/2025 two RSU settlements are shown: 271,750 RSUs and 4,793 RSUs were recorded as acquired/settled. The filing reports a disposition of 142,578 shares on 09/16/2025 at a price of $26.989, noted as a sale to satisfy tax withholding; those shares were not issued to the reporting person. The report lists the resulting beneficial ownership figures following each transaction as disclosed in the Form 4 tables.

Positive

  • RSU settlements disclosed, showing compensation delivery consistent with executive retention
  • Sale disclosed as tax withholding, clarifying the purpose of the disposition

Negative

  • Beneficial ownership declined after the withholding sale as reflected in the post-transaction totals

Insights

TL;DR: CTO RSUs vested and a portion was sold for tax withholding; transactions are routine executive compensation activity.

The report documents stock-settled RSU vesting for the CTO and a subsequent sale of shares to cover tax obligations. The 09/15/2025 settlements total 276,543 RSUs and the 09/16/2025 sale of 142,578 shares at $26.989 reduced beneficial ownership as shown. This is standard compensation settlement and tax withholding, not an open-market liquidity-driven divestiture disclosed here.

TL;DR: Vesting and withholding sales are routine; disclosure aligns with Section 16 reporting requirements.

The Form 4 properly discloses the settlement of previously granted RSUs and the shares sold to satisfy tax-withholding obligations. The filing includes both non-derivative and derivative table entries and an attorney-in-fact signature, indicating formal compliance. No unexpected departures or unusual transfer structures are reported.

Insider Rishel Jeremy
Role Chief Technology Officer
Type Security Shares Price Value
Tax Withholding Common Stock 142,578 $26.989 $3.85M
Exercise Restricted Stock Unit 271,750 $0.00 --
Exercise Restricted Stock Unit 4,793 $0.00 --
Exercise Common Stock 271,750 $0.00 --
Exercise Common Stock 4,793 $0.00 --
Holdings After Transaction: Common Stock — 858,286 shares (Direct); Restricted Stock Unit — 1,080,201 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to the Reporting Person. Represents the settlement of a portion of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Forms 4 filed on July 20, 2022 and March 13, 2024. Represents the settlement of a portion of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 4 filed on March 13, 2025.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Rishel Jeremy
(Last) (First) (Middle)
C/O SOFI TECHNOLOGIES, INC.
234 1ST STREET
(Street)
SAN FRANCISCO CA 94105
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SoFi Technologies, Inc. [ SOFI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/15/2025 M 271,750 A (1) 996,071 D
Common Stock 09/15/2025 M 4,793 A (1) 1,000,864 D
Common Stock 09/16/2025 F 142,578 D $26.989(2) 858,286 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) 09/15/2025 M 271,750 (3) (3) Common Stock 271,750 $0 1,080,201 D
Restricted Stock Unit (1) 09/15/2025 M 4,793 (4) (4) Common Stock 4,793 $0 277,902 D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
2. Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to the Reporting Person.
3. Represents the settlement of a portion of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Forms 4 filed on July 20, 2022 and March 13, 2024.
4. Represents the settlement of a portion of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 4 filed on March 13, 2025.
Remarks:
/s/ Deanna M. Smith, Attorney-in-Fact 09/17/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Jeremy Rishel (SOFI) do according to this Form 4?

The Form 4 shows settlement of RSUs on 09/15/2025 totaling 276,543 RSUs and a sale of 142,578 shares on 09/16/2025 to satisfy tax withholding.

How many shares were sold and at what price in the SOFI Form 4?

The filing reports a disposition of 142,578 shares on 09/16/2025 at a price of $26.989 per share.

Were the sold shares issued to the reporting person in the SOFI filing?

No. The filing states the shares sold to satisfy tax withholding were not issued to the reporting person.

What types of securities were involved in the SOFI insider transactions?

Transactions involve Common Stock from RSU settlements (stock-settled restricted stock units) and a sale to cover tax withholding.

Who signed the Form 4 for Jeremy Rishel (SOFI)?

The filing is signed by Deanna M. Smith, Attorney-in-Fact on 09/17/2025.