Form 4: SoFi Technologies' Chief Technology Officer, Jeremy Rishel, Reports Stock Transactions
SEC Form 4 Filing
Jeremy Rishel, Chief Technology Officer of SoFi Technologies, reports the acquisition and disposal of SoFi common stock due to RSU vesting and tax obligations.
Summary
- On June 14, 2024, Jeremy Rishel, the Chief Technology Officer of SoFi Technologies, converted 271,571 Restricted Stock Units (RSUs) into common stock.
- Following this conversion, Mr. Rishel disposed of 152,450 shares on June 17, 2024, at a price of $6.394 per share to cover tax withholding obligations related to the vesting of the RSUs.
- After these transactions, Mr. Rishel directly owns 509,737 shares of SoFi Technologies common stock and 2,438,956 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. 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 disposal was primarily for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/20/2022 | 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 | Date of RSU conversion to common stock. |
| 06/17/2024 | Date of stock disposal for tax withholding. |
| 06/18/2024 | Date of signature of the Form 4 filing. |
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