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SoFi Executive Shows Confidence: General Counsel Keeps Majority of Vested Shares

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

Rhea-AI Filing Summary

SoFi Technologies (SOFI) General Counsel Stephen Simcock reported multiple transactions on June 16-17, 2025:

  • Acquired 71,353 shares through RSU settlement from July 2024 grant
  • Acquired additional 6,533 shares through RSU settlement from March 2025 grant
  • Disposed of 38,222 shares at $14.658 per share to satisfy tax withholding obligations

Following these transactions, Simcock directly owns 163,924 shares of common stock. He continues to hold 856,238 RSUs from the July 2024 grant and 98,008 RSUs from the March 2025 grant. The transactions were executed pursuant to predetermined RSU vesting schedules, with share sales specifically for tax withholding purposes.

Positive

  • None.

Negative

  • None.
Insider Simcock Stephen
Role General Counsel
Type Security Shares Price Value
Tax Withholding Common Stock 38,222 $14.658 $560K
Exercise Restricted Stock Unit 71,353 $0.00 --
Exercise Restricted Stock Unit 6,533 $0.00 --
Exercise Common Stock 71,353 $0.00 --
Exercise Common Stock 6,533 $0.00 --
Holdings After Transaction: Common Stock — 163,924 shares (Direct); Restricted Stock Unit — 856,238 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 Form 4 filed on July 10, 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 12, 2025.
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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).
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*
Simcock Stephen
(Last) (First) (Middle)
234 1ST STREET
C/O SOFI TECHNOLOGIES, INC.
(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)
General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
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 06/16/2025 M 71,353 A (1) 195,613 D
Common Stock 06/16/2025 M 6,533 A (1) 202,146 D
Common Stock 06/17/2025 F 38,222 D $14.658(2) 163,924 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) 06/16/2025 M 71,353 (3) (3) Common Stock 71,353 $0 856,238 D
Restricted Stock Unit (1) 06/16/2025 M 6,533 (4) (4) Common Stock 6,533 $0 98,008 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 Form 4 filed on July 10, 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 12, 2025.
Remarks:
/s/ Deanna M. Smith, Attorney-in-Fact 06/18/2025
** 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

How many SOFI shares did General Counsel Stephen Simcock acquire on June 16, 2025?

Stephen Simcock acquired a total of 77,886 shares of SOFI common stock on June 16, 2025, consisting of 71,353 shares from one RSU settlement and 6,533 shares from another RSU settlement.

How many SOFI shares did Stephen Simcock sell for tax withholding on June 17, 2025?

On June 17, 2025, Stephen Simcock disposed of 38,222 shares at a price of $14.658 per share to satisfy tax withholding obligations related to the vesting of his RSUs. These shares were not issued to him.

What is Stephen Simcock's total SOFI stock ownership after the reported transactions?

Following the reported transactions, Stephen Simcock directly owns 163,924 shares of SOFI common stock. He also holds 856,238 RSUs from one grant and 98,008 RSUs from another grant that have not yet vested.

What positions does Stephen Simcock hold at SOFI according to the Form 4?

According to the Form 4, Stephen Simcock serves as the General Counsel of SoFi Technologies, Inc. (SOFI).

What was the purpose of SOFI insider Stephen Simcock's June 2025 stock transactions?

The transactions reported were related to the settlement of previously granted Restricted Stock Units (RSUs) and subsequent sale of shares for tax withholding purposes. The RSUs were originally granted as disclosed in Form 4 filings from July 10, 2024 and March 12, 2025.