Keough Kelli 4

What Happened

• Kelli Keough, EVP (GBUL, SIPS) of SoFi Technologies (SOFI), had a portion of her restricted stock units (RSUs) settle on March 16, 2026, converting into 122,188 shares. To cover withholding taxes tied to the settlement, 63,145 of those shares were sold on March 17, 2026, at $17.62 per share for proceeds of $1,112,425.
• The RSU settlement is recorded as an exercise/conversion of a derivative (transaction code M) and the share sale to cover taxes is recorded under tax withholding (transaction code F). RSUs are settled for no cash purchase price, so there was no cash paid to acquire the shares.

Key Details

• Transaction dates: RSU settlement/exercise on 2026-03-16; shares sold for tax withholding on 2026-03-17.
• Sale price and proceeds: 63,145 shares sold at $17.62 each = $1,112,425.
• Shares from this settlement: 122,188 shares issued on settlement; 63,145 sold for taxes; net retained from this settlement = 59,043 shares.
• Footnotes: F1–RSUs convert to one share each upon settlement for no consideration. F2–Shares sold were to satisfy tax withholding and were not issued to the reporting person. F3 & F4–These settlements relate to RSU grants disclosed on the Reporting Person’s Form 3 (8/2/2024) and Form 4 (3/12/2025).
• Filing timeliness: Report filed 2026-03-18 for transactions dated 2026-03-16/17 (appears timely).

Context

• This was an RSU settlement with a routine sell-to-cover for taxes, not a discretionary open-market sale for investment purposes. Such tax-withholding sales are common when equity awards vest and do not necessarily indicate the insider’s view of the stock.
• M (derivative exercise/settlement) indicates conversion of RSUs to shares; F indicates shares surrendered/sold to satisfy withholding. The filing does not, in the provided excerpt, state total SoFi shares owned by the reporting person after this transaction beyond the net retained from this settlement.