SoFi Tech Chief Retains 791K Shares Despite $2.1M Stock Sale for Taxes

Rhea-AI Filing Summary

SoFi Technologies (SOFI) Chief Technology Officer Jeremy Rishel reported multiple transactions related to Restricted Stock Units (RSUs) on June 16-17, 2025:

• Acquired 271,752 shares through RSU settlement from previous grants disclosed in July 2022 and March 2024
• Acquired additional 4,792 shares from RSU settlement related to March 2025 grant
• Disposed of 140,494 shares at $14.658 per share to satisfy tax withholding obligations

Following these transactions, Rishel directly owns 791,168 shares of common stock and continues to hold 1,351,951 and 282,695 unvested RSUs from different grant dates. The transactions were executed pursuant to the standard RSU vesting schedule and tax withholding requirements, not representing discretionary sales by the insider.

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).

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^*

Rishel Jeremy

(Last) (First) (Middle)

C/O SOFI TECHNOLOGIES, INC.

234 1ST STREET

(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)
	Chief Technology Officer

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		271,752	A	(1)	926,870	D
Common Stock	06/16/2025		M		4,792	A	(1)	931,662	D
Common Stock	06/17/2025		F		140,494	D	$14.658(2)	791,168	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			271,752	(3)	(3)	Common Stock	271,752	$0	1,351,951	D
Restricted Stock Unit	(1)	06/16/2025		M			4,792	(4)	(4)	Common Stock	4,792	$0	282,695	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 Forms 4 filed on July 20, 2022 and March 13, 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 13, 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.
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FAQ

How many SOFI shares did CTO Jeremy Rishel acquire on June 16, 2025?

Jeremy Rishel acquired a total of 276,544 shares of SOFI common stock on June 16, 2025, consisting of 271,752 shares from one RSU settlement and 4,792 shares from another RSU settlement.

How many SOFI shares did Jeremy Rishel sell for tax purposes?

On June 17, 2025, Jeremy Rishel disposed of 140,494 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 directly.

What is Jeremy Rishel's total SOFI stock ownership after the reported transactions?

Following the reported transactions, Jeremy Rishel directly owns 791,168 shares of SOFI common stock. He also holds 1,351,951 RSUs and 282,695 RSUs from different grant dates that have not yet vested.

What position does Jeremy Rishel hold at SOFI?

Jeremy Rishel serves as the Chief Technology Officer (CTO) of SoFi Technologies, Inc.

What was the net change in Jeremy Rishel's SOFI share ownership from these transactions?

The net change in Rishel's direct share ownership was an increase of 136,050 shares, calculated from acquiring 276,544 shares from RSU settlements and disposing of 140,494 shares for tax withholding purposes.