SoFi Technologies (SOFI) awards 13,993 restricted stock units to director
Rhea-AI Filing Summary
Ruzwana Bashir reported acquisition or exercise transactions in this Form 4 filing.
SoFi Technologies, Inc. director Ruzwana Bashir received a grant of 13,993 restricted stock units (RSUs) on July 14, 2026. Each RSU represents a contingent right to receive one share of common stock for no consideration, vesting at the earlier of the next annual shareholder meeting after that date or the 12‑month anniversary of the Vesting Commencement Date. Following this award, Bashir directly holds 13,993 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ruzwana Bashir
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F2 | 13,993 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 13,993 shares (Direct)
Footnotes (2)
- 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. Reflects a grant of RSUs to Reporting Person, a director of the Issuer, which will vest at the earlier of (i) the next annual shareholder meeting of the Issuer after July 14, 2026 (the "Vesting Commencement Date") or (ii) the 12 month anniversary of the Vesting Commencement Date.
Key Figures
RSUs granted: 13,993 units
Underlying common shares: 13,993 shares
Holdings after grant: 13,993 RSUs
+1 more
4 metrics
RSUs granted
13,993 units
Restricted stock units granted to director Ruzwana Bashir on July 14, 2026
Underlying common shares
13,993 shares
Each RSU represents a contingent right to receive one share of common stock
Holdings after grant
13,993 RSUs
Total restricted stock units directly held by Ruzwana Bashir following the reported award
Vesting reference date
July 14, 2026
Next annual shareholder meeting after this Vesting Commencement Date or its 12‑month anniversary determines vesting
Key Terms
Restricted Stock Unit, contingent right, Vesting Commencement Date
3 terms
Restricted Stock Unit financial
"Each restricted stock unit 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"
Vesting Commencement Date financial
"after July 14, 2026 (the Vesting Commencement Date) or the 12 month anniversary"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SoFi (SOFI) report for Ruzwana Bashir?
SoFi reported that director Ruzwana Bashir received a grant of 13,993 restricted stock units on July 14, 2026. These RSUs are tied to SoFi common stock and are held directly, representing an equity-based component of her compensation as a board member.
How many SoFi (SOFI) restricted stock units were granted to Ruzwana Bashir?
Ruzwana Bashir was granted 13,993 restricted stock units (RSUs). Each RSU corresponds to a contingent right to receive one share of SoFi common stock upon settlement for no consideration, giving her potential future ownership in the company if the vesting conditions are satisfied.
What is the vesting schedule for Ruzwana Bashir's SoFi (SOFI) RSUs?
The 13,993 RSUs vest at the earlier of the next annual shareholder meeting of SoFi after July 14, 2026, or the 12‑month anniversary of the Vesting Commencement Date. This time‑based schedule governs when the units can settle into common shares.
What does each SoFi (SOFI) RSU granted to Ruzwana Bashir represent?
Each RSU granted to Ruzwana Bashir represents a contingent right to receive one share of SoFi common stock upon settlement for no consideration. This means she does not pay an exercise price; shares may be delivered if and when the RSUs vest.
Is Ruzwana Bashir’s SoFi (SOFI) RSU holding reported as direct or indirect ownership?
The filing reports her ownership as direct. After the grant of 13,993 restricted stock units, Bashir directly holds all 13,993 RSUs in her own name, rather than through a trust, fund, or other indirect ownership entity associated with her.