SoFi director converts 2,823 RSUs to common stock
SoFi Technologies director Gary Meltzer exercised restricted stock units that convert into common stock on a one-for-one basis, acquiring 2,823 shares on June 17, 2026.
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Form Type
4
Rhea-AI Filing Summary
SoFi Technologies director Gary Meltzer exercised restricted stock units that convert into common stock on a one-for-one basis, acquiring 2,823 shares on June 17, 2026. This settlement relates to previously granted RSUs and brings his directly held common stock position to 71,281 shares.
Insider Trade Summary
2,823 shares exercised/converted
Exercise
2 txns
Insider
Meltzer Gary
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,823 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,823 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 71,281 shares (Direct)
Footnotes (2)
- F1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
- F2. Represents the settlement of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 4 filed on August 1, 2025.
Key Figures
RSUs converted: 2,823 shares
Post-transaction holdings: 71,281 shares
Exercise price: $0.00 per share
+1 more
4 metrics
RSUs converted
2,823 shares
Restricted stock units converting to common stock on June 17, 2026
Post-transaction holdings
71,281 shares
Common stock held directly by Gary Meltzer after RSU settlement
Exercise price
$0.00 per share
RSUs convert to common stock with no cash exercise price
RSU-to-share ratio
1 RSU : 1 share
Footnote states RSUs convert into common stock on a one-for-one basis
Key Terms
Restricted Stock Unit, Form 4, Exercise or conversion of derivative security, Common Stock
4 terms
Restricted Stock Unit financial
"Represents the settlement of the RSUs granted to the Reporting Person"
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.
Form 4 regulatory
"as disclosed on the Reporting Person's Form 4 filed on August 1, 2025"
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Common Stock financial
"Restricted stock units ("RSUs") convert into common stock on a one-for-one basis"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SoFi (SOFI) director Gary Meltzer report?
Director Gary Meltzer exercised restricted stock units, acquiring 2,823 shares of SoFi common stock. The RSUs converted into common stock on a one-for-one basis, increasing his directly held position to 71,281 shares as part of previously disclosed equity compensation.
Was Gary Meltzer’s SoFi (SOFI) Form 4 transaction an open-market buy or sale?
The Form 4 shows no open-market buy or sale by Gary Meltzer. It reflects the exercise and settlement of 2,823 restricted stock units into common shares, a compensation-related event rather than a discretionary market purchase or sale of SoFi stock.
What are restricted stock units (RSUs) in the context of SoFi (SOFI)?
For this SoFi filing, restricted stock units are equity awards that convert into common stock on a one-for-one basis. Meltzer’s 2,823 RSUs settled into 2,823 common shares, representing the delivery of previously granted compensation rather than a new open-market stock purchase.
Is Gary Meltzer’s June 17, 2026 SoFi (SOFI) transaction part of prior grants?
Yes. The footnotes state the 2,823-share settlement represents RSUs granted to Gary Meltzer previously, referenced in an earlier Form 4 filed on August 1, 2025. This links the current share delivery directly to earlier approved equity compensation awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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