SoFi CTO Rishel vests 77,935 stock units, withholds shares
SoFi’s CTO reported RSU vesting into common stock and a related tax-withholding share disposition at a stated market price.
Rhea-AI Filing Summary
SoFi Technologies, Inc. (SOFI) reported that Chief Technology Officer Jeremy Rishel had restricted stock units vest on September 14, 2026, converting into multiple blocks of common stock. These RSU settlements each delivered one share of common stock per unit. On September 15, 2026, 41,750 shares of common stock were delivered or withheld to pay applicable tax liabilities at $17.279 per share; these shares were not issued to him.
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Insights
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Insider Trade Summary
77,935 shares exercised/converted
Exercise
7 txns
Insider
Rishel Jeremy
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 41,750 | $17.279 | $721K |
| Exercise | Restricted Stock Unit F1, F3 | 37,824 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F4 | 28,748 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F5 | 11,363 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 37,824 | -- | -- |
| Exercise | Common Stock F1 | 28,748 | -- | -- |
| Exercise | Common Stock F1 | 11,363 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 573,068 contracts (Direct);
Common Stock — 931,274.443 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 sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to 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
Shares for tax withholding: 41,750 shares
Tax-withholding price per share: $17.279 per share
RSUs settled (block 1): 37,824 units
+3 more
6 metrics
Shares for tax withholding
41,750 shares
Common shares delivered or withheld on September 15, 2026 to pay RSU-related tax liability
Tax-withholding price per share
$17.279 per share
Price applied to the 41,750-share tax-withholding transaction on September 15, 2026
RSUs settled (block 1)
37,824 units
Restricted stock units settled into common stock on September 14, 2026
RSUs settled (block 2)
28,748 units
Restricted stock units settled into common stock on September 14, 2026
RSUs settled (block 3)
11,363 units
Restricted stock units settled into common stock on September 14, 2026
Total derivative exercises
77,935 units
Aggregate RSU exercises/conversions reported, per transaction summary
Key Terms
Restricted Stock Unit, contingent right, tax withholding obligation, settlement
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.
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
tax withholding obligation financial
"Shares sold to satisfy tax withholding obligation applicable to the vesting"
settlement financial
"Represents the settlement of a portion of the RSUs granted to the Reporting Person"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SoFi (SOFI) report for CTO Jeremy Rishel?
The CTO reported vesting of several blocks of restricted stock units on September 14, 2026, settling into common stock, and a separate transaction on September 15, 2026 in which 41,750 shares of common stock were delivered or withheld to cover tax liabilities.
What RSU activity did SoFi (SOFI) disclose for Jeremy Rishel?
On September 14, 2026, three RSU blocks of 37,824, 28,748, and 11,363 units, each representing a contingent right to receive one SoFi common share for no consideration, were reported as settling into common stock pursuant to prior grants.
Were Jeremy Rishel’s SoFi (SOFI) transactions under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan affirmation for these transactions, and the footnotes describing the RSU settlements and tax-withholding sale do not reference any pre-arranged trading plan.
What do SoFi (SOFI) RSUs represent in Jeremy Rishel’s Form 4?
Each restricted stock unit (RSU) represents a contingent right to receive one share of SoFi’s common stock upon settlement for no consideration, meaning the shares are delivered when vesting conditions are met without a purchase price paid by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
