Form 4: SoFi Technologies Chief Risk Officer Reports Stock Transactions
SEC Form 4 Filing
Arun Pinto, Chief Risk Officer of SoFi Technologies, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On May 14, 2025, Arun Pinto, the Chief Risk Officer of SoFi Technologies, Inc., had 45,388 restricted stock units (RSUs) convert into common stock.
- On May 15, 2025, Mr. Pinto sold 24,290 shares of common stock at a price of $13.632 per share to satisfy tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Mr. Pinto directly owns 132,192 shares of SoFi Technologies common stock and 499,275 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the sale was primarily to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of previous Form 4 filing disclosing RSUs granted to the Reporting Person. |
| 05/14/2025 | Date of RSU conversion to common stock. |
| 05/15/2025 | Date of sale of common stock to cover tax obligations. |
| 05/16/2025 | Date of signature of the Form 4 filing. |
Keywords
SOFI, SoFi Technologies, Arun Pinto, Chief Risk Officer, Form 4, Stock Transaction, Restricted Stock Units, RSU, Beneficial Ownership
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