Steven J. Freiberg - 26 Nov 2025 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role
Director
Signature
/s/ Deanna M. Smith, Attorney-in-Fact
Issuer symbol
SOFI
Transactions as of
26 Nov 2025
Transactions value $
$0
Form type
4
Filing time
26 Nov 2025, 16:10:40 UTC
Previous filing
01 Aug 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Freiberg Steven J Director C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO /s/ Deanna M. Smith, Attorney-in-Fact 26 Nov 2025 0001338913

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SOFI Prepaid Forward Contract Other +384K 384K 26 Nov 2025 Common Stock 384K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 26, 2025, the Reporting Person entered into a prepaid variable forward contract with an unaffiliated third-party dealer. The contract obligates the Reporting Person to deliver shares of the Issuer's Common Stock or, at the Reporting Person's election, settle the contract in cash on set maturity dates. The contract will include two equal tranches, with one tranche scheduled to mature in November 2027 and a second scheduled to mature in December 2027 (each, a "Maturity Date"). In exchange, the Reporting Person will receive an upfront cash payment of approximately $7.7 million. The Reporting Person pledged 384,000 shares of the Issuer's Common Stock (the "Pledged Shares") to secure his obligations under the contract. The Reporting Person will retain all voting, dividend and other rights in the Pledged Shares during the term of the pledge.
F2 If the Reporting Person does not elect to settle the contract in cash, the number of shares of the Issuer's Common Stock that may be delivered by the Reporting Person following each Maturity Date will generally be determined as follows: (a) if the closing price of shares of the Issuer's Common Stock on the relevant Maturity Date (the "Settlement Price") is less than $51.6961 ("Cap Level") but greater than $21.6834 ("Floor Level"), the Reporting Person will deliver a number of shares of the Issuer's Common Stock equal to 192,000 (the "Base Amount") multiplied by a ratio equal to the Floor Level divided by the Settlement Price;
F3 (continued from footnote 2 on this Form 4) (b) if the Settlement Price is equal to or greater than the Cap Level on the relevant Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Common Stock equal to the Base Amount multiplied by a ratio equal to a fraction with a numerator equal to the sum of (A) the Floor Level and (B) the excess, if any, of the Settlement Price over the Cap Level, and a denominator equal to the Settlement Price; and (c) if the Settlement Price is equal to or less than the Floor Level on the relevant Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Common Stock equal to the Base Amount.