SoFi (SOFI) GC Robert Lavet Receives RSUs, Sells Shares for Taxes

What Happened

• Robert S. Lavet, General Counsel of SoFi Technologies (SOFI), had 36,057 restricted stock units (RSUs) convert/settle into common shares on Sept 14, 2026 (reported as derivative exercise/conversion, code M). No cash was paid to acquire those shares on conversion.
• To satisfy tax withholding from that settlement, 14,414 shares were withheld/sold on Sept 15, 2026 at $17.28 per share, generating roughly $249,060 (reported as payment of tax liability, code F). The derivative "disposed" entry at $0 reflects the conversion/settlement of the RSUs into shares, not a market sale for cash.

Key Details

• Transaction dates: RSU settlement/conversion on 2026-09-14; tax withholding/share disposition on 2026-09-15. Form 4 filed 2026-09-16.
• Prices and values: tax-withholding disposition of 14,414 shares at $17.28 = $249,060. Conversion entries show $0 proceeds (RSU settlement).
• Shares owned after transaction: not disclosed in this Form 4 filing.
• Footnotes: F1 explains each RSU converts to one share upon settlement; F2 states the 14,414 shares were sold/withheld solely to satisfy tax withholding and were not issued to the reporting person; F3 notes this settlement relates to RSUs granted (see prior Form 4 dated Feb 11, 2026).
• Timeliness: Filing date (2026-09-16) follows the reported transactions (9/14–9/15); the filing appears timely within normal Form 4 reporting windows.

Context

• This was an RSU settlement with withholding to cover taxes — a routine administrative event, not an open-market sale by the insider expressing market sentiment.
• No purchase was reported; the action is effectively receipt of shares and a contemporaneous tax-related disposition.