Lavet Robert S 4

What Happened

• Robert S. Lavet, General Counsel of SoFi Technologies (SOFI), had a portion of his restricted stock units (RSUs settleable for common stock) convert into 36,057 shares on March 16, 2026.
• Following the settlement, 16,669 of those shares were withheld on March 17, 2026 to satisfy tax withholding obligations at an implied value of $17.62 per share, totaling $293,658. The withheld shares were not issued to the reporting person.

Key Details

• Transaction dates: RSU settlement (conversion) on 2026-03-16; tax withholding on 2026-03-17.
• Share counts and values: 36,057 shares acquired via RSU settlement; 16,669 shares withheld at $17.62/share = $293,658. One conversion line shows $0 exercise price, reflecting RSU settlement rather than a paid option exercise.
• Footnotes: F1–RSUs convert to one share each on settlement; F2–withheld shares used to satisfy tax withholding and were not issued to Lavet; F3–these shares settle part of RSUs granted on Feb 11, 2026.
• Shares owned after the transactions: not specified in the provided filing.
• Filing/timeliness: Report filed 2026-03-18 for transactions on 2026-03-16 and 03-17; appears timely under usual Form 4 reporting rules.

Context

• This was an RSU settlement (an award being delivered), not an open-market purchase or voluntary sale; withholding to cover taxes is a routine administrative disposition and is common when equity awards vest.
• For retail investors, RSU receipts are compensation events and do not necessarily signal the insider's market view; withheld shares to cover taxes do not equate to a sale intended to realize gains.