SOFI Insider Filing: 301,821 Shares Sold at $26.55 for Tax Withholding

Rhea-AI Filing Summary

SoFi Technologies insider Anthony Noto settled restricted stock units and completed a partial share sale tied to RSU vesting. The Form 4 shows the Reporting Person received 559,714 and 17,133 RSUs that converted into equal numbers of common shares, and 301,821 shares were sold at $26.55 per share to satisfy tax withholding. After these transactions the Reporting Person directly beneficially owned approximately 10.34 million shares. The filing notes portions of the settled RSUs stem from prior grants disclosed on Forms 4 in 2022, 2023, 2024 and March 12, 2025, and confirms withheld shares were not issued or sold by the Reporting Person.

Positive

• Continued substantial ownership: Reporting Person retains approximately 10.34 million shares after transactions, indicating alignment with shareholders.
• RSU vesting reflects compensation realization: Settled RSUs are conversions of prior grants, consistent with expected executive vesting schedules.

Negative

• Shares sold for tax withholding: 301,821 shares were disposed at $26.55 per share, reducing direct holdings.
• Partial dilution of reported beneficial ownership: The net holdings decreased from prior reported totals to 10,338,769 shares following the sale and settlement activity.

Insights

Corporate Governance Expert

TL;DR: Routine executive RSU settlement with tax-withholding sale; ownership remains substantial and no new compensation plan disclosed.

The report documents settlement of vested RSUs and a related sell-to-cover tax withholding. Such transactions are common when equity awards vest and do not by themselves indicate a change in company control or compensation policy. The Reporting Person continues to hold a large direct stake (~10.34 million shares), suggesting retained alignment with shareholders. The disclosure cites earlier grant dates, which is consistent with scheduled vesting rather than ad hoc awards.

Securities Analyst

TL;DR: Insider sold 301,821 shares at $26.55 to cover taxes; net holdings decreased modestly but remain large.

The Form 4 shows 301,821 shares disposed at $26.55 per share for tax withholding associated with RSU settlement; those withheld shares were not issued or sold by the Reporting Person. Total direct beneficial ownership following the transactions is reported as about 10.34 million shares. From a market-impact perspective, this is a routine sell-to-cover and is unlikely to be materially dilutive or signal significant liquidity needs given the size of remaining holdings.

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

OMB APPROVAL

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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).

1. Name and Address of Reporting Person^*

Noto Anthony

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		M		559,714	A	(1)	10,623,457	D
Common Stock	09/15/2025		M		17,133	A	(1)	10,640,590	D
Common Stock	09/15/2025		F		301,821	D	$26.55(2)	10,338,769	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)	09/15/2025		M			559,714	(3)	(3)	Common Stock	559,714	$0	1,954,690	D
Restricted Stock Unit	(1)	09/15/2025		M			17,133	(4)	(4)	Common Stock	17,133	$0	993,716	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 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.

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 March 28, 2022, March 22, 2023, 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 12, 2025.

Remarks:

	/s/ Deanna M. Smith, Attorney-in-Fact	09/17/2025
	** 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.
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.

FAQ

What transactions did the Form 4 for SOFI report?

The Form 4 reports settlement of 559,714 and 17,133 RSUs into common stock and a sale of 301,821 shares at $26.55 to satisfy tax withholding.

How many SoFi (SOFI) shares does the reporting person own after the transactions?

The Reporting Person beneficially owned approximately 10,338,769 shares following the reported transactions.

Were the sold shares newly issued or sold by the reporting person?

The filing states shares were withheld to satisfy tax withholding and were not issued to or sold by the Reporting Person beyond the withholding action.

Do the RSUs reported relate to new grants?

No — the RSUs settled represent portions of grants previously disclosed on Forms 4 filed in 2022, 2023, 2024 and March 12, 2025.

What was the purpose of the 301,821-share disposition?

The disposition was to satisfy the tax withholding obligation applicable to the vesting of stock-settled RSUs.