Borden William A. 4

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.