Pinto Arun 4
4 · SoFi Technologies, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
SoFi (SOFI) Chief Risk Officer Arun Pinto Enters Prepaid Forward (71,500 Shares)
What Happened
- Arun Pinto, Chief Risk Officer of SoFi Technologies (SOFI), entered into a prepaid variable forward contract on February 2, 2026. Under the agreement he received an upfront cash payment of approximately $1.2 million and pledged 71,500 SoFi shares as the Base Amount to secure his obligations.
- This was recorded on Form 4 as an "other acquisition or disposition" (derivative) — not an open-market sale. Pinto retains voting rights in the pledged shares during the pledge period. Settlement is expected on or about February 2, 2029, when shares or cash will be delivered depending on the stock’s price.
Key Details
- Transaction date: February 2, 2026. Report filed the same day.
- Transaction type/code: Other acquisition/disposition (J) — prepaid variable forward (derivative).
- Shares pledged (Base Amount): 71,500.
- Upfront proceeds: approximately $1.2 million.
- Settlement mechanics: If Pinto does not elect cash settlement, the number of shares to be delivered on the ~Feb 2, 2029 maturity depends on the stock price:
- If settlement price is > $19.0052 and < $36.1032, deliverable shares = Base Amount × (Floor $19.0052 ÷ Settlement Price).
- If settlement price ≥ $36.1032, deliverable shares = Base Amount − [(Cap − Floor) ÷ Settlement Price].
- If settlement price ≤ $19.0052, full Base Amount (71,500 shares) must be delivered.
- Voting rights: Pinto retains voting rights in the pledged shares while they are pledged.
- Shares owned after transaction: Filing does not state Pinto’s total SoFi holdings after the pledge.
Context
- A prepaid variable forward is a liquidity tool: the insider gets cash now in exchange for the future delivery of shares (or cash), with the final amount dependent on the stock’s price at maturity. This is not the same as an open-market sale and does not necessarily indicate a view on the company’s near-term prospects.
Insider Transaction Report
Form 4
Pinto Arun
Chief Risk Officer
Transactions
- OtherSwap
Prepaid Forward Contract
[F1][F2][F3]2026-02-02+71,500→ 71,500 total→ Common Stock (71,500 underlying)
Footnotes (3)
- [F1]On February 2, 2026, 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 February 2, 2029 (the "Maturity Date"). In exchange, the Reporting Person will receive an upfront cash payment of approximately $1.2 million. The Reporting Person pledged 71,500 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 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 $36.1032 ("Cap Level") but greater than $19.0052 ("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 subtracted by a ratio equal to a fraction with a numerator equal to the Cap Level minus the Floor 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.
Signature
/s/ Deanna M. Smith, Attorney-in-Fact|2026-02-02