SoFi (SOFI) CFO Christopher Lapointe Exercises RSUs; Shares Withheld for Taxes

What Happened Christopher Lapointe, Chief Financial Officer and Principal Accounting Officer of SoFi Technologies (SOFI), had a portion of his restricted stock units (RSUs settleable for common shares) vest and convert on September 14, 2026. A total of 104,152 RSUs were settled (reported as exercise/conversion of a derivative, code M). To satisfy tax withholding obligations, 59,341 shares were withheld at $17.32 per share, generating $1,027,786 in tax withholding (reported under code F). After withholding, Lapointe received a net 44,811 shares.

Key Details

• Transaction date: 2026-09-14 (Form 4 filed 2026-09-16).
• Settled/Converted (code M): 52,954 + 36,589 + 14,609 = 104,152 RSUs converted into shares.
• Tax withholding (code F): 59,341 shares withheld at $17.32 per share = $1,027,786.
• Net shares issued to the insider: 104,152 − 59,341 = 44,811 shares.
• Footnotes: F1–F5 indicate these were stock-settled RSUs (one RSU = one share) and that the withheld shares were used solely to satisfy tax withholding and were not issued to or sold by the reporting person; the RSUs relate to grants disclosed on Forms 4 filed 3/13/2024, 3/12/2025, and 3/11/2026.
• Filing timeliness: No late filing is indicated (transaction reported within normal Form 4 timing).

Context

• This was a settlement of RSUs (award vesting), not an open-market purchase or sale. The withholding of shares to pay taxes is a routine administrative disposition and does not necessarily indicate a voluntary cash sale by the insider.
• Derivative code M denotes exercise/conversion of a derivative (here, conversion of RSUs to shares); code F denotes shares withheld for taxes.