Lavet Robert S 4

What Happened

• Robert S. Lavet, General Counsel of SoFi Technologies (SOFI), had 2,823 restricted stock units (RSUs) settle on June 17, 2026. Of those shares, 1,188 were sold in an open-market transaction on June 18, 2026 at $17.55 per share, generating $20,845. The remaining shares from the settlement were used to satisfy tax-withholding obligations and were not issued to the reporting person.

Key Details

• Transaction dates and prices:
  • 2026-06-17 — RSU settlement/conversion: 2,823 RSUs converted into common stock (one-for-one).
  • 2026-06-18 — Open-market sale: 1,188 shares sold at $17.55 each for $20,845.
  • Filing date (Form 4): 2026-06-22; report covers transactions dated 2026-06-17 (and sale on 6/18).
• Shares withheld for taxes: The filing indicates shares were withheld to satisfy tax withholding (these shares were not issued to the reporting person). Based on the numbers reported, 1,635 shares appear to have been used for withholding (2,823 settled − 1,188 sold).
• Footnotes:
  • F1: RSUs convert one-for-one into common stock.
  • F2: Shares sold/withheld were to satisfy tax withholding and were not issued to the reporting person.
  • F3: Settlement relates to RSUs disclosed in the reporting person's Form 3 (filed Jan 16, 2026).
• Shares owned after transaction: Not stated in this filing.
• Filing timeliness: The filing date is 2026-06-22; the Form 4 does not include a specific late-filing designation in the items reported.

Context

• This was an RSU settlement with a partial open-market sale to cover tax obligations rather than a discretionary sale for investment purposes. The derivative/vesting event (RSU conversion) is a non-purchase event followed by a routine sale to satisfy withholding; such tax-withholding sales are common and do not necessarily indicate the insider’s view on the company’s stock.