SoFi Technologies Furnishes Details on CFO's Prepaid Variable Forward Contract
Summary
SoFi Technologies, Inc.'s CFO, Mr. Christopher Lapointe, entered into a prepaid variable forward contract on November 12, 2025, with an unaffiliated third-party dealer. The contract involves 500,000 shares of Company Common Stock, representing less than 0.05% of total outstanding shares. Mr. Lapointe received an upfront cash payment of $11,771,830 and pledged the shares to secure his obligations. The contract matures around November 12, 2027, at which point he may deliver shares or settle in cash, with the number of shares determined by the stock price relative to a floor of $25.38 and a cap of $50.58. He retains all voting, dividend, and other rights in the pledged shares during the term.
Why It Matters
This transaction provides liquidity to the CFO while allowing him to maintain voting and dividend rights in the pledged shares. It signals an executive's financial planning and commitment, as Mr. Lapointe has not sold any Company Common Stock since joining in 2018.
These filing summaries are free and always will be. If this helped you spot material events, consider supporting us.
Want to see how SOFI traded around this filing?
Check real-time charts and technical analysis on TradingView to see market reaction to this event.
View SOFI Charts on TradingViewAffiliate link
Key Quote
“Specifically, the contract is scheduled to mature on or about November 12, 2027 (the "maturity date"), at which time, Mr. Lapointe may deliver shares of the Company's Common Stock or elect to settle the contract in cash.”
— From Item 7.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001818874
- Filing Date
- Thursday, November 13, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- medium
- Sentiment
- neutral