---
schema_version: "secwatch.filing_event.v1"
accession: "0001818874-24-000110"
form_type: "8-K"
ticker: "SOFI"
cik: "0001818874"
company_name: "SoFi Technologies, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:49:38.226907+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SoFi to redeem all Series 1 Preferred Stock on May 29, 2024, saving ~$29.3M in dividends

## Summary
- Will redeem 3,234,000 shares at ~$105.10 per share; aggregate payment ~$339.9M.
- Expected to save ~$29.3M in 2024 dividend payments; preferred stock carries 12.5% annual dividend.
- Holders include QIA FIG Holding LLC, Silver Lake affiliates, and CEO Anthony Noto.
- Redemption price includes accumulated and unpaid dividends through May 29, 2024.

## SEC filing metadata
- accession: 0001818874-24-000110
- form_type: 8-K
- ticker: SOFI
- cik: 0001818874
- company_name: SoFi Technologies, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000110/0001818874-24-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000110/sofi-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818874-24-000110
- JSON: https://secwatch.observer/filing/0001818874-24-000110.json
- Plain text: https://secwatch.observer/filing/0001818874-24-000110.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.