Form 4: SoFi Technologies CEO Galileo, Derek J. White, Reports Stock Transactions
SEC Form 4
Derek J. White, CEO of Galileo (a SoFi Technologies subsidiary), reports the acquisition and disposal of SoFi Technologies common stock and restricted stock units.
Summary
- On June 14, 2024, Derek J. White, CEO of Galileo, converted 148,403 Restricted Stock Units (RSUs) into common stock.
- Following this transaction, Mr. White directly owns 772,749 shares of SoFi Technologies common stock.
- On June 17, 2024, Mr. White disposed of 69,445 shares of common stock at a price of $6.394 per share to satisfy tax withholding obligations related to the vesting of stock-settled RSUs.
- After this transaction, Mr. White directly owns 703,304 shares of SoFi Technologies common stock.
- Following the reported transactions, Mr. White directly owns 1,102,840 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 09/03/2021 | 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. |
| 03/13/2024 | Date of previous Form 4 filing disclosing RSUs granted to the Reporting Person. |
| 06/14/2024 | Conversion of 148,403 Restricted Stock Units (RSUs) into common stock. |
| 06/17/2024 | Disposal of 69,445 shares of common stock at $6.394 per share to cover tax obligations. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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