SoFi CFO Enters Prepaid Variable Forward Contract

Details

Christopher Lapointe, entered into a prepaid variable forward contract for 500,000 shares of the Company's common stock, representing less than 0.05% of the total outstanding shares. The contract, maturing in approximately two years, involves an upfront cash payment of $11,771,830 and is structured to allow Mr. Lapointe to either deliver shares of the Company's Common Stock or settle the contract in cash based on the share price at maturity. Mr. Lapointe retains voting, dividend, and other rights in the pledged shares during the term of the pledge.

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About SoFi Technologies Inc.

SoFi Technologies Inc. operates as a financial technology company primarily focused on offering a suite of financial products and services designed to meet the needs of both individual and institutional clients. It provides a digital platform that includes lending services, such as student loan refinancing, personal loans, and home loans. Additionally, SoFi offers investing and savings tools, digital banking services, including checking and savings accounts, as well as insurance products. The company's platform is renowned for its commitment to leveraging technology to streamline financial processes and enhance user experience. Targeting primarily a younger demographic, SoFi caters to customers seeking modern, mobile-first financial solutions. Aimed at disruptiveness within the traditional financial industry, SoFi operates in sectors like personal finance, student financing, and digital payments, contributing to increased accessibility and efficiency in financial transactions. Established in 2011 and headquartered in San Francisco, California, SoFi Technologies continues to influence the fintech landscape by integrating technological innovation with financial services.