Borden William A. 4
4 · SoFi Technologies, Inc. · Filed Jun 29, 2026
Research Summary
AI-generated summary of this filing
SoFi (SOFI) Director William A. Borden Receives 1,016 DSUs
What Happened
William A. Borden, a director of SoFi Technologies, was credited with 1,016 deferred stock units (DSUs) on June 26, 2026. The Form 4 reports the acquisition as a grant/award (code A) with a reported acquisition price of $0.00; the filing’s footnote explains the DSUs were calculated using the June 26 closing price of $17.85, implying an economic value of roughly $18,136. This was a deferred compensation credit (derivative award), not an open-market purchase or immediate sale.
Key Details
- Transaction date: 2026-06-26; Form 4 filed: 2026-06-29 (filed timely).
- Reported transaction type/code: A (Grant/award or other acquisition); reported price: $0.00 (derivative award).
- Calculation: 1,016 DSUs = cash deferred for Q2 2026 ÷ $17.85 closing price on 6/26/2026; implied value ≈ $18,136.
- Shares owned after transaction: not reported in this filing.
- Footnotes: F1 explains the director elected to defer cash compensation into DSUs under SoFi’s Director Deferred Compensation Plan; DSUs are the economic equivalent of one share and become payable per the Plan. F2: Not applicable.
Context
DSUs are a form of deferred compensation for directors and represent a claim with economic exposure to the company’s stock price rather than immediately issued common shares (they may not carry voting rights until/if settled). Such grants are routine for non-employee directors and are recorded as derivative awards; they reflect compensation, not necessarily a signal about the director’s view of the stock.
Insider Transaction Report
- Award
Deferred Stock Unit
[F1][F2]2026-06-26+1,016→ 1,016 total→ Common Stock (1,016 underlying)
Footnotes (2)
- [F1]The reporting person has elected to defer compensation in the form of deferred stock units ("DSUs") under the SoFi Technologies, Inc. Director Deferred Compensation Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 1,016 DSUs, based on the amount of cash compensation deferred by the reporting person under the Plan during the second quarter of 2026 divided by the Common Stock closing price of $17.85 on June 26, 2026. Each DSU is the economic equivalent of one share of the Issuer's Common Stock. The DSUs become payable upon the terms set forth in the Plan.
- [F2]Not Applicable.