SoFi CEO Noto converts 345K stock units, withholds shares
SoFi CEO Anthony Noto had RSUs vest into common stock, with a portion of shares withheld to cover tax obligations instead of being issued or sold.
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Form Type
4
Rhea-AI Filing Summary
SoFi Technologies, Inc. reported that Chief Executive Officer Anthony Noto settled previously granted restricted stock units on September 14, 2026, exercising RSUs covering 345,554 shares of common stock. In connection with the vesting, 188,259 shares of common stock were withheld at $17.32 per share to satisfy tax withholding obligations; these withheld shares were not issued to or sold by him. No Rule 10b5-1 trading plan is reported for these transactions.
Insider Trade Summary
345,554 shares exercised/converted
Exercise
7 txns
Insider
Noto Anthony
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F3 | 136,166 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F4 | 154,197 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F5 | 55,191 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 136,166 | -- | -- |
| Exercise | Common Stock F1 | 154,197 | -- | -- |
| Exercise | Common Stock F1 | 55,191 | -- | -- |
| Tax Withholding | Common Stock F2 | 188,259 | $17.32 | $3.26M |
Holdings After Transaction:
Restricted Stock Unit — 2,103,650 contracts (Direct);
Common Stock — 12,276,337 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
- F2. Shares withheld to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to or sold by the Reporting Person.
- F3. 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 March 13, 2024.
- F4. 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.
- F5. 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 11, 2026.
Key Figures
RSU underlying shares exercised: 345,554 shares
Shares withheld for tax withholding obligation: 188,259 shares
Tax withholding price per share: $17.32 per share
+2 more
5 metrics
RSU underlying shares exercised
345,554 shares
Total underlying common shares from three RSU settlements on September 14, 2026
Shares withheld for tax withholding obligation
188,259 shares
Common shares withheld in a code F transaction related to RSU vesting
Tax withholding price per share
$17.32 per share
Price used for the 188,259 shares withheld to satisfy tax liability
Number of derivative exercises
3 transactions
Three RSU-related derivative exercises (code M) reported
Transactions for exercise price or tax liability
1 transaction; 188,259 shares
One code F disposition for tax withholding related to RSU vesting
Key Terms
Restricted Stock Unit, stock-settled RSUs, tax withholding obligation, Form 4
4 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
stock-settled RSUs financial
"tax withholding obligation applicable to the vesting of stock-settled RSUs"
tax withholding obligation financial
"Shares withheld to satisfy tax withholding obligation applicable to the vesting"
Form 4 regulatory
"disclosed on the Reporting Person's Forms 4 filed on March 13, 2024"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SoFi (SOFI) CEO Anthony Noto report on this Form 4?
Anthony Noto reported the settlement of previously granted restricted stock units on September 14, 2026, converting them into 345,554 shares of SoFi common stock, with a portion of those shares withheld to cover tax withholding obligations related to the vesting.
How many SoFi (SOFI) RSUs did Anthony Noto have vest in this filing?
The filing shows the exercise or settlement of RSUs covering a total of 345,554 underlying shares of SoFi common stock, across three RSU grants that partially vested and settled into common stock on September 14, 2026.
Were Anthony Noto’s SoFi (SOFI) transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates no Rule 10b5-1 trading plan applies to these transactions, and the footnotes describe routine RSU settlements and tax withholding, without referencing any pre-arranged trading plan.
What types of securities are involved in Anthony Noto’s SoFi (SOFI) Form 4?
The filing involves Restricted Stock Units that each represent a contingent right to one share of common stock, and the resulting SoFi common stock received upon settlement, along with shares withheld to cover the associated tax withholding obligation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
