SoFi (NASDAQ: SOFI) EVP receives 55,731 shares from RSUs
Rhea-AI Filing Summary
SoFi Technologies, Inc. (SOFI) reported insider equity activity by executive Eric Schuppenhauer, EVP GBUL Borrow. On August 17, 2026, 55,731 Restricted Stock Units (RSUs) settled into 55,731 shares of common stock for no cash consideration, and his directly held equity increased accordingly. Footnotes state each RSU converts into one share upon settlement. To cover the related tax withholding obligation, 23,720 shares of common stock at $18.002 per share were delivered/withheld on August 18, 2026; these tax shares were not issued to him. Following the RSU settlement, he reported 445,848 RSUs still outstanding.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 32,011 shares
Net Buy
3 txns
Insider
Schuppenhauer Eric
Role
EVP GBUL Borrow
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 23,720 | $18.002 | $427K |
| Exercise | Restricted Stock Unit F1, F3 | 55,731 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 55,731 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 445,848 shares (Direct);
Common Stock — 330,599.81 shares (Direct)
Footnotes (3)
- 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 Form 4 filed on September 27, 2024.
Key Figures
RSUs settled: 55,731 shares
Tax withholding shares: 23,720 shares
Tax withholding price: $18.002 per share
+3 more
6 metrics
RSUs settled
55,731 shares
Restricted Stock Units converting into SoFi common stock on August 17, 2026
Tax withholding shares
23,720 shares
Shares delivered/withheld to satisfy tax withholding obligation on August 18, 2026
Tax withholding price
$18.002 per share
Price used for the 23,720-share tax-withholding transaction
RSUs remaining
445,848 units
RSUs reported as outstanding after the August 17, 2026 settlement
Exercise/settlement date
August 17, 2026
Date on which 55,731 RSUs settled into common stock
Tax-withholding date
August 18, 2026
Date of the 23,720-share tax-withholding disposition
Key Terms
Restricted Stock Unit, tax withholding obligation, Form 4, derivative security
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.
tax withholding obligation financial
"Shares sold to satisfy tax withholding obligation applicable to the vesting"
Form 4 regulatory
"as disclosed on the Reporting Person's Form 4 filed on September 27, 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.
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.
FAQ
What insider transactions did SOFI executive Eric Schuppenhauer report on this Form 4?
Eric Schuppenhauer reported 55,731 RSUs settling into 55,731 SOFI common shares on August 17, 2026, and a related 23,720-share tax-withholding transaction on August 18, 2026, tied to the vesting of stock-settled RSUs.
How many Restricted Stock Units does Eric Schuppenhauer still hold at SoFi (SOFI)?
After the reported RSU settlement, Eric Schuppenhauer reported holding 445,848 Restricted Stock Units. Each RSU represents a contingent right to receive one share of SoFi common stock upon settlement for no consideration, according to the filing footnotes.
What does the RSU settlement mean for Eric Schuppenhauer’s compensation at SoFi (SOFI)?
The settlement of 55,731 RSUs into the same number of SoFi shares represents equity compensation becoming actual stock. The RSUs converted for no cash consideration, reflecting previously granted stock-based compensation now delivered in shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
