Meltzer Gary 4

What Happened

• Gary Meltzer, a director of SoFi Technologies (SOFI), had 2,823 restricted stock units (RSUs) convert into common stock on June 17, 2026 (reported on a Form 4 filed June 22, 2026). The filing shows 2,823 shares acquired via conversion and an identical 2,823 shares disposed. The acquisition price is reported as N/A; the disposition is reported at $0.00 (total value $0) in the filing.
• This was a settlement/conversion of RSUs (an award), not an open-market purchase or sale. Such conversions are typically routine compensation events rather than directional insider buying or selling.

Key Details

• Transaction date: 2026-06-17; Form 4 filed: 2026-06-22 (filed 5 days after the transaction; appears later than the usual 2-business-day Form 4 deadline).
• Reported transactions: 2,823 shares acquired (derivative conversion, code M) and 2,823 shares disposed (derivative, $0.00).
• Shares owned after transaction: not specified in the provided data.
• Footnotes: F1 — RSUs convert to common stock on a one-for-one basis. F2 — This represents settlement of RSUs granted to Meltzer as disclosed on his Form 4 filed August 1, 2025.
• The filing does not explicitly state the reason for the simultaneous disposal (e.g., tax withholding), only the acquisition and disposal entries.

Context

• Derivative code M denotes an exercise or conversion — here, RSUs converting into shares. When the same number of shares are both acquired and disposed in the same report, it commonly reflects share withholding or similar settlement mechanics tied to RSU vesting; the Form 4 in this case does not spell out the mechanism.
• This is an award settlement rather than a purchase or a market sale; such events are generally routine compensation-related filings and do not necessarily signal the insider’s view on company stock.