4//SEC Filing
Noto Anthony 4
Accession 0001818874-25-000193
CIK 0001818874other
Filed
Aug 27, 8:00 PM ET
Accepted
Aug 28, 6:37 PM ET
Size
7.9 KB
Accession
0001818874-25-000193
Insider Transaction Report
Form 4
Noto Anthony
DirectorChief Executive Officer
Transactions
- OtherSwap
Prepaid Forward Contract
2025-08-28+1,500,000→ 1,500,000 total→ Common Stock (1,500,000 underlying)
Footnotes (3)
- [F1]On August 28, 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 a settlement date on or about August 28, 2028 (the "Maturity Date"). In exchange, the Reporting Person will receive an upfront cash payment of $24,107,850. The Reporting Person pledged 1,500,000 shares of the Issuer's Common Stock (the "Pledged Shares" or the "Base Amount") 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 the Maturity Date will generally be determined as follows: (a) if the closing price of shares of the Issuer's Common Stock prior to the Maturity Date (the "Settlement Price") is less than $49.18 ("Cap Level") but greater than $18.21 ("Floor Level"), 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 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 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 Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Common Stock equal to the Base Amount.
Documents
Issuer
SoFi Technologies, Inc.
CIK 0001818874
Entity typeother
Related Parties
1- filerCIK 0001613438
Filing Metadata
- Form type
- 4
- Filed
- Aug 27, 8:00 PM ET
- Accepted
- Aug 28, 6:37 PM ET
- Size
- 7.9 KB