Rishel Jeremy 4

What Happened
Jeremy Rishel, Chief Technology Officer of SoFi Technologies (SOFI), had 300,500 restricted stock units (RSUs) settle in mid‑March 2026 and disposed of shares to cover taxes and via an open‑market sale. On 2026-03-17, 160,500 shares were sold to satisfy tax withholding at $17.62 per share (proceeds $2,827,529). On 2026-03-18, 94,958 shares were sold in the open market at $17.43 per share under a trading plan (proceeds $1,655,118). Total reported proceeds from the dispositions are about $4.48 million. The RSU settlements themselves show no cash purchase price.

Key Details

• Transaction dates and prices:
  • 2026-03-16: 300,500 RSUs settled (271,752 + 28,748) into common shares (no exercise price). (Footnotes F1, F4, F5)
  • 2026-03-17: 160,500 shares sold to satisfy tax withholding at $17.62 (proceeds $2,827,529). (Code F; Footnote F2)
  • 2026-03-18: 94,958 shares sold in open market at $17.43 (proceeds $1,655,118) under a Rule 10b5-1 plan. (Code S; Footnote F3)
• Aggregate proceeds reported: ≈ $4.48 million.
• Shares owned after the transactions: not disclosed on the Form 4.
• Notable footnotes: F1 = RSUs convert to one share each; F2 = shares sold to cover tax withholding (these shares were not issued to the reporting person); F3 = open‑market sale executed under a 10b5‑1 trading plan; F4/F5 = settlements of previously granted RSUs.
• Filing timeliness: Form 4 filed 2026-03-18 for actions dated 2026-03-16 to 2026-03-18 — appears to be filed within normal reporting timeframe.

Context

• The filings reflect RSU settlements (conversion of awards into shares) followed by sales: one sale to cover tax withholding (cashless/tax‑withholding disposition) and one open‑market sale under a pre-established 10b5‑1 plan. Such tax‑withholding sales and 10b5‑1 plan sales are common and typically routine, but they do result in material proceeds.