Freiberg Steven J 4

What Happened Steven J. Freiberg, a director of SoFi Technologies (SOFI), had 5,149 restricted stock units (RSUs) convert into 5,149 shares of common stock on June 9, 2026 (reported on Form 4 filed June 11, 2026). The filing shows an acquisition of 5,149 shares via conversion and a simultaneous disposition of 5,149 shares at $0.00; footnotes identify these as the settlement of previously granted RSUs. No cash proceeds are reported for the disposition.

Key Details

• Transaction date: 2026-06-09; Form 4 filed: 2026-06-11 (timely filing).
• Reported transactions: conversion/acquisition of 5,149 shares (derivative) and disposition of 5,149 shares at $0.00.
• Price/proceeds: acquisition listed as N/A; disposition listed at $0.00 (no cash received).
• Footnotes: F1 — RSUs convert 1-for-1 into common stock. F2 — represents settlement of RSUs granted as disclosed on Freiberg’s Form 4 filed June 12, 2025.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Transaction code shown: M (exercise or conversion of derivative).

Context This transaction reflects the conversion/settlement of RSUs rather than an open-market buy or sale. The matching acquisition and $0.00 disposition pattern is commonly how vesting RSUs are reported when shares are surrendered or withheld to satisfy tax or other withholding requirements; the filing’s footnotes identify this as the settlement of previously granted RSUs. No immediate cash sale of shares is reported.