SOFI.NASDAQSofi Technologies, INC

Form 4: SoFi Technologies CEO Galileo, Derek J. White, Reports Stock Transactions

Sentiment:

SEC Form 4

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Derek J. White, CEO of Galileo (a SoFi Technologies subsidiary), reports the vesting and subsequent sale of SoFi common stock to cover tax obligations.

Summary

  • On September 16, 2024, Derek J. White, CEO of Galileo, vested 148,403 shares of SoFi Technologies common stock through the settlement of Restricted Stock Units (RSUs).
  • Also on September 16, 2024, White disposed of 148,403 shares to cover tax obligations.
  • On September 17, 2024, White disposed of 61,643 shares at a price of $8.181 per share to satisfy tax withholding obligations.
  • Following these transactions, White directly owns 790,064 shares of SoFi Technologies common stock and 954,437 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard Form 4 filing related to stock transactions for tax purposes.

Industry Context

This filing is a routine disclosure related to executive compensation and does not necessarily indicate a change in the company's outlook or performance.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

DateDescription
09/03/2021Date of original grant of RSUs as disclosed on Form 4.
03/22/2023Date of original grant of RSUs as disclosed on Form 4.
03/13/2024Date of original grant of RSUs as disclosed on Form 4.
09/16/2024Vesting of 148,403 shares of common stock from RSUs and disposal of 148,403 shares to cover tax obligations.
09/17/2024Disposal of 61,643 shares at $8.181 per share to satisfy tax withholding obligations.
09/18/2024Date of signature for the Form 4 filing.

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