Jeremy Rishel, the chief technology officer at SoFi Technologies Inc (NASDAQ: SOFI), executed a sale of 94,958 shares of common stock on March 18, 2026, at $17.43 per share, yielding proceeds of about $1.65 million. The transaction was reported in a Form 4 filing with the Securities and Exchange Commission.
The sale follows a separate disposal on March 17, 2026, in which Rishel sold 160,500 shares to satisfy tax obligations. Those shares were sold at $17.617 per share for aggregate proceeds of roughly $2.83 million, according to the same SEC filing.
Earlier in the week, on March 16, 2026, Rishel saw restricted stock units settle, resulting in the receipt of 271,752 and 28,748 shares of common stock. The Form 4 records show the sequence of RSU settlement followed by the later sales.
At the time of the March 18 sale the company’s shares were quoted at $17.16 and the stock has declined about 42 percent over the prior six months. The company’s market capitalization stood at approximately $22 billion.
Independent analysis noted in filings indicates that SOFI currently appears overvalued relative to its Fair Value, and investors are directed to a comprehensive Pro Research Report available through the same research platform for deeper detail.
These insider transactions arrive amid a string of notable corporate developments for SoFi. The company announced a partnership with Mastercard to enable its SoFiUSD stablecoin as a settlement option across Mastercard’s global payments network. The stablecoin is described as fully reserved by U.S. dollars and operating on a public blockchain, and will be used to support settlement for card-based transactions.
On the analyst and insider front, Citizens analyst Devin Ryan upgraded SoFi from Market Perform to Market Outperform and set a $30.00 price target. Separately, SoFi’s chief executive officer Anthony Noto purchased 56,000 shares of the company’s stock for an amount valued at approximately $1 million.
Counterbalancing those signals, Muddy Waters Research announced a short position in SoFi, characterizing the company as a "financial engineering treadmill" and alleging shareholder dilution. Together, the sales by Rishel, the CEO purchase, the analyst upgrade, the stablecoin partnership, and the Muddy Waters short position create a mixed set of indicators for investors to weigh.
Summary
SoFi’s CTO sold 94,958 shares on March 18, 2026, for $1.65 million after RSU settlements earlier in the week and a sell-to-cover on March 17. The company is trading well below its six-month highs, and developments this week include a Mastercard stablecoin partnership, an analyst upgrade with a $30 target, a CEO stock purchase, and a Muddy Waters short.