Form 4: SoFi Executive Vice President Aaron Webster Reports Stock Transactions
SEC Form 4
Executive Vice President of SoFi Technologies, Aaron Webster, reports the acquisition and disposal of SoFi common stock and restricted stock units.
Summary
- On March 14, 2024, Aaron Webster, Executive Vice President of SoFi Technologies, converted 131,407 restricted stock units (RSUs) into common stock.
- Also on March 14, 2024, Webster acquired 131,407 shares of common stock upon conversion of RSUs.
- On March 15, 2024, Webster disposed of 63,953 shares of common stock at a price of $6.99 per share to satisfy tax withholding obligations related to the vesting of stock-settled RSUs.
- Following these transactions, Webster directly owns 615,080 shares of SoFi Technologies common stock and 994,196 restricted stock units.
- The RSUs convert into common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a normal part of corporate governance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 06/02/2021 | Date of previous Form 4 filing disclosing RSUs granted to the Reporting Person. |
| 03/25/2022 | Date of previous Form 4 filing disclosing RSUs granted to the Reporting Person. |
| 07/20/2022 | Date of previous Form 4 filing disclosing RSUs granted to the Reporting Person. |
| 03/22/2023 | Date of previous Form 4 filing disclosing RSUs granted to the Reporting Person. |
| 03/14/2024 | Date of RSU conversion to common stock and acquisition of shares. |
| 03/15/2024 | Date of common stock disposal to cover tax obligations. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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