Lavet Robert S 4

What Happened

• Robert S. Lavet, General Counsel of SoFi Technologies, had 36,057 restricted stock units (RSUs) settle into common shares on June 15, 2026. The RSUs converted at $0.00 exercise price (a settlement of previously granted RSUs).
• To satisfy tax withholding on the vesting, 14,914 of those shares were withheld (treated as a disposition under code F) at an assigned value of $17.61 per share, totaling $262,576. After withholding, Lavet received a net 21,143 shares.

Key Details

• Transaction codes: M = conversion/exercise of derivative (RSU settlement) on 2026-06-15; F = shares withheld to pay tax withholding on 2026-06-16.
• Conversion: 36,057 RSUs converted to common shares (exercise price $0.00). Withholding: 14,914 shares withheld @ $17.61 = $262,576.
• Net new shares delivered to Lavet: 21,143 (36,057 settled − 14,914 withheld).
• Footnotes: F1–F3 confirm these were RSUs settling into shares for no consideration and that withheld shares were not issued to the reporting person; settlement related to RSUs disclosed in a Feb 11, 2026 Form 4.
• Shares owned after transaction: not specified in the supplied filing summary.
• Filing timeliness: Form filed June 17, 2026 (timely relative to the June 15–16 transactions).

Context

• This was an RSU settlement (an award vesting event), not an open-market purchase or voluntary sale. The withholding of shares to cover taxes is a routine administrative step and does not by itself indicate buying or selling intent.
• For retail investors, purchases are usually more informative about insider sentiment; RSU settlements and tax-withholdings are common compensation events and typically should be interpreted as non-dispositive administrative transactions unless followed by open-market trades.