Webster Aaron's Form 4 filing
SoFi Technologies, Inc. (SOFI) · filed Jun 16, 2023
- Accession no.
- 0001818874-23-000135
- Filed
- Jun 16, 2023
- Trade date
- Jun 14-15, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 1 derivative transaction. Open-market sales total $1.94M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Webster AaronCIK 0001862209 | Officer (Chief Risk Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2023 | Common Stock | MOption exerciseAcquired | +194,986 | –F1 | – | 878,261 | Direct | |
| Jun 14, 2023 | Common Stock | SSaleDisposed | −200,000 | $9.69F2 | −$1,938,000 | 678,261 | Direct | |
| Jun 15, 2023 | Common Stock | FTax withholdingDisposed | −94,586 | $9.12F3 | −$862,624.32 | 583,675 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 14, 2023 | Common Stock | MOption exerciseDisposed | −194,986 | $0.00 | $0 | 1,448,047 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
Referenced by the price of 1 transaction in Table I.
- F2
The reported transactions were executed in multiple trades. The sale price of $9.6906 reported in Column 4 is the weighted average sale price for the 200,000 shares disposed of by the Reporting Person within a range of $9.36 to $9.92 per share. The Reporting Person hereby undertakes to provide to the Staff of the SEC, the Issuer or any security holder of the Issuer, upon request, full information regarding the number of shares disposed of at each separate price within the price range noted above.
Referenced by the price of 1 transaction in Table I.
- F3
Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to the Reporting Person.
Referenced by the price of 1 transaction in Table I.