SoFi Technologies (SOFI) discloses GC stock and RSU holdings details
Rhea-AI Filing Summary
SoFi Technologies, Inc. reported the initial holdings of its General Counsel, Robert S. Lavet, in a Form 3. He beneficially owns 41,905 shares of common stock directly. He also has indirect ownership of 12,172 shares held by the Robert S. Lavet Trust and 2,210 shares held by the Robert S. Lavet Trust and the Lorraine Lavet Trust as joint tenants in common.
Lavet also holds restricted stock units linked to SoFi Bank, N.A. board service before his current employment. One RSU award covers 5,149 shares of common stock and vests at the earlier of the next annual shareholder meeting after June 9, 2025 or the 12‑month anniversary of that date. A second RSU award for 2,823 shares vests on a similar schedule tied to the next annual meeting after July 21, 2025. Each RSU converts into one share of common stock for no cash payment.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The shares are held by the Robert S. Lavet Trust. The shares are held by the Robert S. Lavet Trust and the Lorraine Lavet Trust as joint tenants in common. Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the Reporting Person, in his capacity as a non-employee director of SoFi Bank, N.A. ("SoFi Bank"), a subsidiary of the Issuer, prior to his current employment with the Issuer. The RSU award will vest at the earlier of (i) the next annual shareholder meeting of the Issuer after June 9, 2025 (the "June Vesting Commencement Date") or (ii) the 12 month anniversary of the June Vesting Commencement Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. Represents shares issuable on settlement of RSUs granted to the Reporting Person, in his capacity as a non-employee director of SoFi Bank prior to his current employment with the Issuer. The RSU award will vest at the earlier of (i) the next annual shareholder meeting of the Issuer after July 21, 2025 (the "July Vesting Commencement Date") or (ii) the 12 month anniversary of the July Vesting Commencement Date.
