SoFi CEO Noto enters prepaid forward contract on 1.5M shares for $24.1M liquidity

SoFi Technologies, Inc.

CEO Anthony Noto executed a prepaid variable forward contract on 1,500,000 shares (7% of his beneficial stake, <1% of total outstanding).
Upfront cash payment $24,107,850; contract matures Aug 28, 2028 with share/cash settlement at then-market price.
Floor price $18.21/share, cap price $49.18/share; at floor he would deliver up to 1.5M shares, at cap 555,409 shares.
Noto retains all voting, dividend, and other rights on pledged shares during the contract term.
Noto has not sold any SoFi stock since 2018; has purchased 2,775,307 shares in open market over past four years.

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