Jeremy Rishel, who serves as the Chief Technology Officer at SoFi Technologies, Inc. (NASDAQ:SOFI), has formally disclosed a sequence of equity transactions involving the company's common stock. Among these filings is a divestment valued at approximately $1.82 million, executed under a structured trading framework.
On June 17, 2026, Mr. Rishel sold 102,123 shares of SoFi common stock at a price of $17.78 per share. This sale was conducted under a Rule 10b5-1 trading plan, which was adopted by Mr. Rishel on June 2, 2025.
Additionally, on June 16, 2026, Mr. Rishel disposed of 155,605 shares of common stock. These shares, valued at approximately $2.74 million at a price of $17.606 per share, were withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs) and were not issued to the reporting person.
Earlier, on June 15, 2026, Mr. Rishel acquired a total of 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 for no consideration. The settlements relate 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 a price of $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 noted corrections to previous Form 4 reports from June 18, 2024, and September 20, 2024, regarding the number of shares acquired and disposed.
SoFi Technologies, Inc. (NASDAQ:SOFI) has also been active in product development. The company announced the launch of SoFi Coach, an AI-powered chat platform designed to provide personalized financial insights to its members. This tool is now available to SoFi Plus members through the SoFi app. Additionally, SoFi Technologies introduced SoFiUSD, a stablecoin that members can buy, sell, and hold within the app, marking the first stablecoin issued by a U.S. national bank on a banking platform. SoFiUSD is redeemable 1:1 for U.S. dollars from SoFi Bank, which holds liquid assets to support it. The stablecoin is available on Ethereum and Solana networks, with plans for expansion to additional networks.
In a recent podcast, CEO Anthony Noto discussed the company's strategic initiatives and addressed the disconnect between SoFi's operational success and its stock performance. Despite a 41% growth in first-quarter adjusted net revenue and a 35% increase in member growth, the stock has faced challenges due to market uncertainties around interest rates.