Form 4: SoFi Technologies Executive Exercises Stock Options, Sells Shares for Tax Obligations
SEC Form 4
Eric Schuppenhauer, an EVP at SoFi Technologies, exercised restricted stock units and sold shares to cover tax obligations.
Summary
- On May 14, 2025, Eric Schuppenhauer, an Executive Vice President at SoFi Technologies, exercised 55,730 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
- On May 15, 2025, Schuppenhauer sold 22,989 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, Schuppenhauer directly owns 158,940.81 shares of SoFi Technologies common stock and 724,503 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event related to executive compensation and tax obligations. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It is common for executives to sell shares acquired through stock options or RSUs to cover income tax liabilities.
Stakeholder Impact
- The sale of shares by an executive could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 07/27/2024 | Date of previous Form 4 filing disclosing grant of RSUs to the Reporting Person. |
| 05/14/2025 | Date of RSU conversion to common stock. |
| 05/15/2025 | Date of sale of shares to cover tax obligations. |
| 05/16/2025 | Date of signature on the Form 4 filing. |
Keywords
SoFi Technologies, Eric Schuppenhauer, Form 4, Stock Options, Restricted Stock Units, Insider Trading, Beneficial Ownership
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