Form 4: SoFi Technologies CEO Galileo, Derek J. White, Reports Stock Transactions
SEC Form 4 Filing
Derek J. White, CEO Galileo at SoFi Technologies, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 14, 2024, Derek J. White, CEO Galileo at SoFi Technologies, Inc., had restricted stock units (RSUs) convert into 114,361 shares of common stock.
- Following this conversion, White sold 53,639 shares on March 15, 2024, at a price of $6.99 per share to satisfy tax withholding obligations related to the vesting of the RSUs.
- After these transactions, White directly owns 624,346 shares of SoFi Technologies, Inc.
- White also directly owns 1,251,243 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price, but is generally not considered a major event.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Restricted stock units converted into common stock. |
| 03/15/2024 | Shares sold to satisfy tax withholding obligation. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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