SoFi Technologies (NASDAQ: SOFI) retains former general counsel as advisor

Rhea-AI Filing Summary

SoFi Technologies, Inc. reported a leadership transition arrangement involving its former General Counsel, Stephen Simcock. He retired from the General Counsel role effective December 31, 2025.

The company and Mr. Simcock agreed that he will serve as an advisor from January 5, 2026 through December 31, 2026, providing transitional services. In return, he will receive a monthly fee of $83,333.33 and Company-paid COBRA subsidies. Their relationship is governed by an Advisor Agreement dated January 5, 2026, which is expected to be filed with SoFi’s Annual Report on Form 10-K for the year ended December 31, 2025.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________

FORM 8-K

__________________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 5, 2026

SoFi Technologies, Inc.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation)			001-39606 (Commission File Number)			98-1547291 (I.R.S. Employer Identification No.)
234 1st Street San Francisco, California						94105
(Address of principal executive offices)						(Zip Code)

(855) 456-7634

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.0001 par value per share

SOFI

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

SoFi Technologies, Inc. (the "Company") previously announced that Stephen Simcock retired from his position as the Company's General Counsel, effective December 31, 2025. The Company and Mr. Simcock have mutually agreed that Mr. Simcock will serve as an advisor to the Company from January 5, 2026 through December 31, 2026, in order to provide transitional services in exchange for (i) a monthly fee of $83,333.33 and (ii) Company-paid COBRA subsidies. In connection therewith, the Company and Mr. Simcock have entered into an Advisor Agreement, dated January 5, 2026, a copy of which is expected to be filed with the Company's Annual Report on Form 10-K for the year ended December 31, 2025.

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			SoFi Technologies, Inc.
Date: January 9, 2026			By:			/s/ Christopher Lapointe
			Name:			Christopher Lapointe
			Title:			Chief Financial Officer

FAQ

What leadership change did SoFi Technologies (SOFI) report?

SoFi Technologies reported that its former General Counsel, Stephen Simcock, retired from that position effective December 31, 2025 and transitioned into an advisory role.

What is Stephen Simcock’s new role with SoFi Technologies (SOFI)?

Stephen Simcock will serve as an advisor to SoFi Technologies from January 5, 2026 through December 31, 2026, providing transitional services to the company.

How much will SoFi Technologies (SOFI) pay its former General Counsel as an advisor?

For his advisory services, Stephen Simcock will receive a monthly fee of $83,333.33 from SoFi Technologies.

What benefits, besides cash compensation, will SoFi provide to Stephen Simcock?

In addition to the monthly fee, SoFi Technologies will provide Company-paid COBRA subsidies for Stephen Simcock during his advisory term.

What agreement governs Stephen Simcock’s advisory role at SoFi (SOFI)?

His role is governed by an Advisor Agreement dated January 5, 2026, which is expected to be filed with SoFi’s Form 10-K for the year ended December 31, 2025.

How long will the advisory arrangement between SoFi Technologies and Stephen Simcock last?

The advisory arrangement runs from January 5, 2026 through December 31, 2026, providing a one-year transition period following his retirement as General Counsel.