On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. SoFi noted that any reverse stock split would reduce outstanding shares by a ratio of between 1-2 and 1-10. Shareholders will not be voting whether to enact a reverse stock split, but rather the option to give SoFi’s board the power to initiate a reverse stock split. In a proxy statement for the upcoming June 12 shareholders meeting, it was revealed that shareholders will be voting on an amendment to grant SoFi’s board the power to enact a reverse stock split over the next year. This shows that he finds the current price of SoFi to be reasonable. Family and friends are welcome to leave their condolences on this memorial page and share them with the family. None of Noto’s June purchases were transacted via a prearranged 10b5-1 plan. Anthony Carmen Noto Obituary We are sad to announce that on August 23, 2021, at the age of 88, Anthony Carmen Noto of Grosse Pointe Park, Michigan, born in New Haven, Michigan passed away. In addition, the dollar value of his purchases this month is $412,455. After the purchases, Noto now owns a total of 3.38 million shares. Then, on June 8, the CEO bought 16,907 more shares at an average price of $6.64 per share. Five days later, he scooped up an additional 21,750 shares at an average price of $6.89 per share. On June 1, Noto purchased 21,215 shares of his own company at an average price of $7.07 per share. With that in mind, let’s get into the details of the insider purchases. With or without the student loan forgiveness, Noto adds that “SoFi will be fine either way.” He cites the company’s “record financial results” and profitability status in 2021. “It’s time to do the harder, right thing instead of the easier path of kicking the can down the road, and wasting taxpayer money.”
#ANTHONY NOTO WIFE DRIVER#
While student loans are a major driver to SoFi’s business, Noto is in favor of debt forgiveness. owe about $1.6 trillion in federal student loan debt. Individuals making more than $125,000 per year would not be eligible for the debt reduction.Īround 40 million people in the U.S. Meanwhile, people familiar with the discussions say that the forgiveness would range around $10,000 per borrower. Biden has stated that he is nearing a decision that is most likely to be disclosed in either July or August. The personal finance company has been stuck in limbo as investors await President Joe Biden’s decision on partial student loan forgiveness. Shares of SoFi have fallen by over 30% since then. Year-to-date (YTD), the CEO has now purchased shares of his own company on 14 separate occasions, with his first purchase falling on March 4. Unsurprisingly, SoFi (NASDAQ: SOFI) CEO Anthony Noto has already purchased SOFI stock three times this month.
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