YESIL MAGDALENA 4

What Happened
Magdalena Yesil, a director of SoFi Technologies (SOFI), had 18,388 restricted stock units (RSUs) convert into 18,388 shares of common stock on June 9, 2026 (derivative transaction code M). On the same date, an equal number of 18,388 shares were reported as disposed at $0.00 (derivative), indicating a net settlement rather than a market sale. No cash proceeds are reported from the disposition.

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-11 (filed within the typical 2-business-day window).
• Acquired: 18,388 shares via RSU conversion (price: N/A; RSUs convert 1-for-1 per footnote F1).
• Disposed: 18,388 shares @ $0.00 (total reported proceeds $0.00).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 = RSUs convert into common stock on a one-for-one basis. F2 = This reflects settlement of RSUs granted as disclosed in Yesil’s Form 4 filed June 12, 2025.
• Transaction code M = exercise or conversion of a derivative (here, RSU conversion). The $0 disposition is consistent with withholding/net settlement rather than an open-market sale.

Context

• This was a conversion/settlement of previously granted RSUs, not a purchase or a taxable open-market sale that generated cash proceeds. Such filings commonly show shares withheld or surrendered to satisfy tax withholding or settlement mechanics.
• For retail investors: conversions of RSUs are routine compensation events for insiders and do not by themselves signal a buy or sell decision in the market.