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SoFi (NASDAQ: SOFI) EVP exercises RSUs, covers tax withholding with shares

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

Rhea-AI Filing Summary

SoFi Technologies EVP Eric Schuppenhauer reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On 2026-06-15, he exercised RSUs covering 6,493 shares of common stock at an exercise price of $0.00 per share, converting them into common stock.

On 2026-06-16, 2,509 common shares were disposed of at $17.6060 per share to satisfy the tax withholding obligation tied to the RSU vesting; the footnotes state these shares were not issued to him. After these transactions, he directly holds about 298,588.81 shares of common stock and 97,396 RSUs, indicating he retains a substantial equity position. The filing does not show any open-market purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Schuppenhauer Eric
Role EVP GBUL Borrow
Type Security Shares Price Value
Tax Withholding Common Stock 2,509 $17.606 $44K
Exercise Restricted Stock Unit 6,493 $0.00 --
Exercise Common Stock 6,493 $0.00 --
Holdings After Transaction: Common Stock — 298,588.81 shares (Direct, null); Restricted Stock Unit — 97,396 shares (Direct, null)
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 March 11, 2026.
RSUs exercised 6,493 shares Restricted stock units converted to common stock on 2026-06-15
Tax-withholding shares 2,509 shares Common shares disposed to satisfy tax withholding on 2026-06-16
Tax-withholding price $17.6060 per share Price for shares used to satisfy tax obligation
Common shares held after 298,588.81 shares Direct common stock holdings following transactions
RSUs outstanding after 97,396 units Restricted stock units remaining after the reported settlement
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock"
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.
tax withholding obligation financial
"Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs."
derivative security financial
"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*
Schuppenhauer Eric
(Last)(First)(Middle)
2601 NETWORK BLVD, SUITE 600
(Street)
FRISCO TEXAS 75034
(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)
EVP GBUL Borrow
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026		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 Stock06/15/2026M6,493A(1)301,097.81D
Common Stock06/16/2026F2,509D$17.606(2)298,588.81D
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)06/15/2026M6,493 (3) (3)Common Stock6,493$097,396D
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 March 11, 2026.
Remarks:
/s/ Sara C. Thompson, Attorney-in-Fact06/17/2026
** 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) EVP Eric Schuppenhauer report?

Eric Schuppenhauer reported an RSU vesting and related tax withholding. He exercised 6,493 restricted stock units into common shares and 2,509 shares were disposed of to cover tax obligations. No open-market buying or selling was reported in this filing.

Did the SoFi (SOFI) executive buy or sell shares on the open market?

The filing shows no open-market purchases or sales. Shares were disposed of solely to satisfy tax withholding on vested RSUs, which the footnotes clarify were not issued to the reporting person, indicating a non-discretionary, compensation-related event.

How many SoFi (SOFI) shares does Eric Schuppenhauer hold after this Form 4?

After the transactions, he holds about 298,588.81 common shares directly. The derivative table also shows 97,396 restricted stock units outstanding, each representing a right to receive one share of SoFi common stock upon settlement for no consideration.

What price was used for the SoFi (SOFI) tax-withholding share disposition?

The tax-withholding disposition used a price of $17.6060 per share. A total of 2,509 common shares were disposed of at this price to cover tax obligations on vested, stock-settled RSUs, according to the Form 4 and accompanying footnotes.

What do the restricted stock units (RSUs) in this SoFi (SOFI) filing represent?

Each RSU represents a right to receive one SoFi common share. The footnotes state each restricted stock unit is a contingent right to one share upon settlement for no consideration, reflecting stock-based compensation rather than cash transactions.