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SoFi (SOFI) General Counsel settles RSUs and has 1,020 shares withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SoFi Technologies' General Counsel Robert S. Lavet reported routine equity compensation activity. On June 9, 2026, restricted stock units converted into 5,149 shares of Common Stock at $0.00 per share as part of a derivative exercise. The RSUs convert into common stock on a one-for-one basis.

On June 10, 2026, 1,020 shares of Common Stock were disposed of at $16.0590 per share to satisfy tax withholding obligations related to the RSU vesting, and these withheld shares were not issued to the reporting person. Following these transactions, Lavet directly holds 65,422 shares of Common Stock.

Positive

  • None.

Negative

  • None.
Insider Lavet Robert S
Role General Counsel
Type Security Shares Price Value
Tax Withholding Common Stock 1,020 $16.059 $16K
Exercise Restricted Stock Unit 5,149 $0.00 --
Exercise Common Stock 5,149 $0.00 --
Holdings After Transaction: Common Stock — 65,422 shares (Direct, null); Restricted Stock Unit — 0 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Shares withheld 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 the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 3 filed on January 16, 2026.
RSUs converted 5,149 shares Restricted stock units converting into common stock on June 9, 2026
Tax-withheld shares 1,020 shares Shares withheld to satisfy tax obligations on June 10, 2026
Price for tax-withheld shares $16.0590 per share Value used for shares withheld to cover taxes
Shares held after transactions 65,422 shares Direct SoFi common stock holdings after reported Form 4 activity
Derivative exercise price $0.00 per share Stated price for conversion of 5,149 RSUs into common stock
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") convert into common stock on a one-for-one basis."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligation financial
"Shares withheld to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs."
stock-settled RSUs financial
"Shares withheld to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lavet Robert S
(Last)(First)(Middle)
C/O SOFI TECHNOLOGIES, INC.
234 1ST STREET
(Street)
SAN FRANCISCO CALIFORNIA 94105
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SoFi Technologies, Inc. [ SOFI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/09/2026M5,149A(1)66,442D
Common Stock06/10/2026F1,020(2)D$16.05965,422D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)06/09/2026M5,149 (3) (3)Common Stock5,149$00D
Explanation of Responses:
1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
2. Shares withheld 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 the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 3 filed on January 16, 2026.
Remarks:
/s/ Sara C. Thompson, Attorney-in-Fact06/11/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SoFi (SOFI) General Counsel Robert Lavet report?

Robert S. Lavet reported RSU-based equity compensation activity. 5,149 restricted stock units converted into common shares, and 1,020 shares were withheld to cover tax obligations. These transactions are compensation-related rather than open-market buying or selling of SoFi stock.

How many SoFi (SOFI) shares did Robert Lavet acquire through RSUs?

Robert S. Lavet acquired 5,149 shares of SoFi common stock through the conversion of restricted stock units. The RSUs convert into common stock on a one-for-one basis, reflecting routine settlement of prior equity awards rather than an open-market purchase.

Why were 1,020 SoFi (SOFI) shares disposed of in Robert Lavet’s Form 4?

1,020 SoFi common shares were withheld to satisfy tax withholding obligations tied to vesting stock-settled RSUs. The filing notes these shares were not issued to Lavet, meaning this disposition reflects tax payment mechanics, not an open-market sale of existing holdings.

How many SoFi (SOFI) shares does Robert Lavet hold after these transactions?

After the reported transactions, Robert S. Lavet directly holds 65,422 shares of SoFi common stock. This figure reflects his position following the RSU conversion and the tax-withholding share disposition reported in the Form 4 filing.

What does transaction code M mean in the SoFi (SOFI) Form 4 for Robert Lavet?

Transaction code M indicates the exercise or conversion of a derivative security, here restricted stock units converting into common stock. Lavet’s Form 4 shows 5,149 RSUs converting into 5,149 shares of SoFi common stock at a stated price of $0.00 per share.

Is Robert Lavet’s Form 4 for SoFi (SOFI) an open-market sale of shares?

No, the Form 4 shows compensation-related activity. RSUs converted into shares, and 1,020 shares were withheld to cover tax obligations. The disposition is labeled as payment of tax liability, not an open-market sale initiated to change his investment exposure.