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Have you actually put in the PS Plus subscription onto the PS4 through the PS store?
If you sold your PS4 with your PSN password at Auto sign-in then I would recommend going to the Sony website and resetting your password + deleting your card info. As soon as possible and also don't forget to reset all of your Systems, meaning deactivating your account from all ps4 and ps3's associated with it or else they'll just download everything for free and I doubt they'll be able to reset your password especially without your email.
I play on initializing the ps4 fully. After I do that, I should be fine to sell it right? Like all my info would be gone? I decided to just drive up and do this myself. haha. Also if I do that, will the PS+ subscription be gone too? If so, then I can just bundle the ps+ card with it and they can use it and make their own account?