SoFi (SOFI) Director Gary Meltzer Receives RSU Award

What Happened
Gary Meltzer, a director of SoFi Technologies, received two restricted stock unit (RSU) grants: 13,993 RSUs on 2026-07-14 and 13,993 RSUs on 2026-07-17, for a total of 27,986 RSUs. No purchase price or cash consideration applies (price: N/A); these are derivative awards that convert to common shares upon settlement, so there is no immediate cash transaction or open-market purchase/sale.

Key Details

• Transaction type: Award/Grant (Form 4 code A) — two grants on 2026-07-14 and 2026-07-17.
• Quantity: 13,993 RSUs each grant; total = 27,986 RSUs. Price and aggregate dollar value: N/A (RSUs).
• Vesting: Per footnote, each RSU converts to one share upon settlement (F1). Vesting occurs at the earlier of the next annual shareholder meeting after July 14, 2026 (the “Vesting Commencement Date”) or the 12‑month anniversary of that date (F2).
• Shares owned after the transaction: Not specified in the filing.
• Filing timeliness: Report filed 2026-07-27 covering a 2026-07-14 transaction — the Form 4 was filed more than the standard two business days after the earliest transaction date, reducing near‑term transparency.

Context
RSUs are a form of compensation, not a market buy or sale; they align insiders with shareholder value but do not necessarily signal a personal purchase decision. These awards are contingent and subject to vesting, after which each unit becomes one share for no additional payment. Grants to directors are common as part of compensation packages.