Freiberg Steven J 4

What Happened

• Steven J. Freiberg, a director of SoFi Technologies (SOFI), exercised stock options and sold a portion of shares on Feb 6, 2026. The filing shows an exercise/conversion of optioned shares and an open-market sale to cover costs and taxes. He paid $1,832,500 to acquire 250,000 shares at $7.33 each, sold 94,225 shares at $20.31 each for $1,913,710, and a separate 250,000-share derivative entry was recorded at $0 (see footnotes).

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-09 (timely).
• Exercises: two derivative entries (code M) totaling 500,000 underlying shares reported (250,000 acquired at $7.33; 250,000 recorded as disposed at $0.00).
• Open-market sale (code S): 94,225 shares sold at $20.31 for $1,913,710.
• Cash paid for exercised shares: $1,832,500 (250,000 × $7.33).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 notes the sale was to cover exercise cost, withholding tax obligations, fees and commissions; F2 states these shares stem from options granted as noted in Freiberg’s Form 4 filed June 2, 2021.

Context

• This appears to be a partial cashless/covering transaction: Freiberg exercised options and sold a tranche of shares to satisfy exercise costs and tax withholding (per F1). For retail investors, exercises followed by sales to cover costs are common and do not necessarily signal a view on the company’s prospects. The filing is timely and factual; it reports option exercises (derivative transactions) rather than an open-market purchase.