SoFi (SOFI) CEO Anthony Noto Receives RSUs; 188,259 Shares Withheld

What Happened
Anthony Noto, CEO of SoFi Technologies (SOFI), had restricted stock units (RSUs) settle on September 14, 2026. A total of 345,554 RSUs converted into common shares (reported as derivative exercises, code M). To cover tax withholding obligations, 188,259 shares were withheld at $17.32 per share for a tax liability of $3,260,646 (reported under code F). After withholding, approximately 157,295 shares were issued to Noto. This was a routine equity award settlement rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-14; filing date: 2026-09-16 (timely — Form 4 filed within two days).
• RSUs converted (M): 136,166 + 154,197 + 55,191 = 345,554 shares.
• Tax withholding (F): 188,259 shares withheld at $17.32 = $3,260,646.
• Net shares issued to insider: ~157,295 shares (345,554 − 188,259).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Footnotes:
  • F1: Each RSU equals a contingent right to one share upon settlement.
  • F2: Withheld shares satisfied tax withholding and were not issued to or sold by the reporting person.
  • F3–F5: These settled RSUs relate to grants previously disclosed on Forms 4 filed Mar 13, 2024; Mar 12, 2025; and Mar 11, 2026.

Context

• This was a stock-settled RSU vesting (derivative conversion) with shares withheld to meet tax obligations — commonly seen with executive equity compensation.
• Because shares were withheld (not sold on the open market), this action is administrative and does not signal a sale by the insider.
• For retail investors, award settlements are routine and should be interpreted differently than open-market purchases or sales; they do not directly indicate insider sentiment about the company’s stock price.