Insider Filing: Stephen Simcock Settles RSUs, Sells Shares to Cover Taxes

Rhea-AI Filing Summary

SoFi Technologies insider activity: Stephen Simcock, General Counsel, reported settlement of restricted stock units and a subsequent sale to satisfy tax withholding. On 09/15/2025 two RSU settlement events were reported: 71,353 RSUs and 6,534 RSUs were settled (codes M, deemed as acquired) and increase the reported beneficial ownership to 241,811 shares. On 09/16/2025 a sale of 39,116 shares occurred at $26.989 per share, leaving the Reporting Person with 202,695 shares beneficially owned. The filing notes the settled RSUs convert to one share each on settlement and that shares were sold to satisfy tax withholding obligations; those withheld shares were not issued to the Reporting Person.

Positive

• RSU settlements documented showing equity compensation being delivered as shares (71,353 and 6,534 RSUs converted to shares)
• Clear disclosure that shares sold were to satisfy tax withholding and were not issued to the Reporting Person

Negative

• Net reduction in beneficial ownership following the sale of 39,116 shares, leaving 202,695 shares beneficially owned
• Sale price disclosed ($26.989) indicates shares were disposed of shortly after settlement

Insights

Securities Analyst

TL;DR: Routine executive RSU settlements with a tax-withholding sale; immaterial to operational performance.

This Form 4 documents standard equity compensation mechanics: two RSU settlements on 09/15/2025 that increased reported beneficial ownership and a subsequent sale on 09/16/2025 to satisfy tax withholding at $26.989 per share. The transactions reflect compensation vesting and required tax procedures rather than open-market disposition for investment or company-control changes. For investors, these entries are timely disclosure of insider holdings changes and tax-related share transfers.

Corporate Governance Expert

TL;DR: Disclosure is complete for the events reported and follows typical Section 16 reporting practices.

The filing identifies the Reporting Person as General Counsel and provides transaction codes, amounts, prices, and explanatory notes clarifying that RSUs settled for no consideration and that some shares were sold solely for tax withholding. The signature by an attorney-in-fact is present. There are no indications of unusual derivative exercises, pledges, or control changes in this filing.

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

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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^*

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)
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		71,353	A	(1)	235,277	D
Common Stock	09/15/2025		M		6,534	A	(1)	241,811	D
Common Stock	09/16/2025		F		39,116	D	$26.989(2)	202,695	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			71,353	(3)	(3)	Common Stock	71,353	$0	784,885	D
Restricted Stock Unit	(1)	09/15/2025		M			6,534	(4)	(4)	Common Stock	6,534	$0	91,474	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 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 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	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.
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FAQ

What insider transactions did SOFI General Counsel Stephen Simcock report?

He reported settlement of 71,353 RSUs and 6,534 RSUs on 09/15/2025 and a sale of 39,116 shares on 09/16/2025 at $26.989 per share.

Why were shares sold according to the Form 4 for SOFI?

The filing states shares were sold to satisfy tax withholding obligations applicable to the vesting of stock-settled RSUs; those withheld shares were not issued to the Reporting Person.

How many shares does Stephen Simcock beneficially own after these transactions?

The Form 4 reports 202,695 shares beneficially owned following the 09/16/2025 sale.

What do the transaction codes M and F indicate on this Form 4?

The filing uses code M for settlement of RSUs (stock-settled awards) and code F for a disposition of shares; the form includes explanations linking M entries to RSU settlements and F to the sale.

Were any derivative securities reported in this Form 4 for SOFI?

The filing reports restricted stock unit settlements (listed in Table II) converting to common stock; no options, puts, or calls were exercised or newly reported.