---
schema_version: "secwatch.filing_event.v1"
accession: "0001818874-24-000256"
form_type: "8-K"
ticker: "SOFI"
cik: "0001818874"
company_name: "SoFi Technologies, Inc."
filed_at: "2024-12-17T23:59:59+00:00"
generated_at: "2026-05-29T02:31:22.067199+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SoFi CEO Noto enters prepaid variable forward on 2M shares, receives $22.5M

## Summary
- CEO Anthony Noto entered a prepaid variable forward contract on 2,000,000 shares, receiving $22,463,200 upfront.
- Contract matures February 7, 2028; settlement in shares or cash based on stock price relative to floor $13.06 and cap $30.74.
- Noto retains voting and dividend rights on pledged shares; has not sold any SoFi stock since joining in 2018.
- The 2M shares represent ~10% of Noto's beneficial ownership and less than 1% of total shares outstanding.

## SEC filing metadata
- accession: 0001818874-24-000256
- form_type: 8-K
- ticker: SOFI
- cik: 0001818874
- company_name: SoFi Technologies, Inc.
- filed_at: 2024-12-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000256/0001818874-24-000256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000256/sofi-20241216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818874-24-000256
- JSON: https://secwatch.observer/filing/0001818874-24-000256.json
- Plain text: https://secwatch.observer/filing/0001818874-24-000256.txt

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