Jeremy Rishel, Chief Technology Officer at SoFi Technologies, Inc. (NASDAQ:SOFI), reported transactions involving the company’s common stock, including a sale valued at approximately $1.82 million. This transaction by the SoFi CTO Jeremy Rishel occurred on June 17, 2026, and involved the sale of 102,123 shares at $17.78 per share. The sale was executed under a Rule 10b5-1 trading plan, which Mr. Rishel adopted on June 2, 2025.
On June 16, 2026, Mr. Rishel also disposed of 155,605 shares of common stock. These shares, valued at approximately $2.74 million at $17.606 per share, were withheld to cover tax obligations related to the vesting of restricted stock units (RSUs). These specific shares were not issued to Mr. Rishel.
Earlier, on June 15, 2026, Mr. Rishel acquired 311,862 shares of SoFi common stock through the settlement of restricted stock units. These RSUs represent a contingent right to receive one share of common stock upon settlement without consideration. The settlements are linked to RSU grants previously disclosed in Forms 4 filed in July 2022, March 2024, March 2025, and March 2026.
Separately, on June 8, 2026, Mr. Rishel acquired 1,315.471 shares of SoFi common stock at $13.626 per share, totaling approximately $17,924. This acquisition was made under the SoFi Technologies, Inc. 2024 Employee Stock Purchase Plan.
Following these reported transactions, Mr. Rishel directly holds 895,089.443 shares of SoFi common stock. The filing also included corrections to previous Form 4 reports from June 18, 2024, and September 20, 2024, concerning the number of shares acquired and disposed.
In other company news, SoFi Technologies Inc. recently launched SoFi Coach, an AI-powered chat platform. This tool offers personalized financial insights to SoFi Plus members through the SoFi app. SoFi also introduced SoFiUSD, a stablecoin available for members to buy, sell, and hold within the app. SoFiUSD is the first stablecoin issued by a U.S. national bank on a banking platform and is redeemable 1:1 for U.S. dollars from SoFi Bank, which maintains liquid assets to support it. The stablecoin operates on the Ethereum and Solana networks, with plans for expansion to additional networks.
CEO Anthony Noto discussed the company’s strategic initiatives and addressed the perceived gap between SoFi’s operational success and its stock performance in a recent podcast. The company reported 41% growth in its first quarter.