Noto Anthony 4

What Happened

• Anthony Noto, CEO of SoFi Technologies (SOFI), had a portion of his restricted stock units (RSUs) settle on March 16, 2026. The filing shows RSU settlements totaling 459,848 shares. To cover tax withholding, 249,004 shares were withheld at $17.76 per share, a withholding value of $4,422,311. The RSUs represent contingent rights to receive one share each upon settlement for no cash consideration.

Key Details

• Date of transaction: March 16, 2026.
• RSUs settled: 305,651 and 154,197 (total 459,848 shares).
• Shares withheld for tax withholding: 249,004 shares at $17.76/share = $4,422,311 (code F; these shares were not issued to or sold by the reporting person).
• Transaction codes: M = exercise/conversion of a derivative (RSU settlement); F = payment of tax liability via share withholding.
• Footnotes: Settlements relate to RSU grants previously reported on Forms 4 filed Mar 22, 2023; Mar 13, 2024; and Mar 12, 2025.
• Shares owned after the transaction: Not specified in the provided filing.
• Filing date: March 18, 2026 (filed promptly after the March 16 settlement).

Context

• This was not an open-market sale or purchase; it was the settlement of vested RSUs with a cashless tax withholding (company retained shares to cover taxes). Such filings are typically routine compensation events and do not by themselves indicate a buy or sell signal from the insider.