SoFi (SOFI) risk chief pledges 71,500 shares in $1.2M forward deal

Rhea-AI Filing Summary

SoFi Technologies' Chief Risk Officer Arun Pinto entered a prepaid variable forward contract on February 2, 2026 referencing his SoFi common stock. He will receive an upfront cash payment of approximately $1.2 million and has pledged 71,500 shares of SoFi common stock as collateral.

The contract matures on or about February 2, 2029, when Pinto must either deliver SoFi shares or, at his election, settle in cash. The number of shares deliverable varies with the stock price relative to a $36.1032 cap level and a $19.0052 floor level. Pinto retains all voting rights in the pledged shares during the term.

Insights

Equity derivatives and insider-transactions analyst

SoFi’s risk chief monetizes 71,500 shares via a prepaid variable forward.

The Chief Risk Officer, Arun Pinto, has locked in liquidity of about $1.2 million through a prepaid variable forward contract dated February 2, 2026. He pledged 71,500 SoFi shares as collateral but keeps voting rights during the term.

At maturity around February 2, 2029, he must deliver shares or pay cash, with the share amount determined by SoFi’s stock price versus the $19.0052 floor and $36.1032 cap levels. This structure hedges part of his exposure while retaining upside within the capped range, and it does not directly change SoFi’s share count since it is a contract with a third-party dealer.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pinto Arun

(Last) (First) (Middle)

C/O SOFI TECHNOLOGIES, INC.

234 1ST STREET

(Street)

SAN FRANCISCO CA 94105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SoFi Technologies, Inc. [ SOFI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Prepaid Forward Contract	(1)(2)(3)	02/02/2026		J/K(1)(2)(3)		71,500		(1)(2)(3)	(1)(2)(3)	Common Stock	71,500	(1)(2)(3)	71,500	D

Explanation of Responses:

1. 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.

2. 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;

3. (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.

Remarks:

	/s/ Deanna M. Smith, Attorney-in-Fact	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did SoFi (SOFI) Chief Risk Officer Arun Pinto do in this Form 4?

Arun Pinto entered a prepaid variable forward contract on SoFi shares. He pledged 71,500 shares and received about $1.2 million upfront, with future settlement in shares or cash around February 2, 2029, depending on SoFi’s stock price.

How many SoFi (SOFI) shares are involved in Arun Pinto’s prepaid forward?

The contract is secured by 71,500 shares of SoFi common stock. These pledged shares remain in his name for voting purposes, but they back his obligation to deliver shares or cash at maturity under the prepaid variable forward arrangement.

How much cash does SoFi’s CRO receive from the prepaid forward reported on Form 4?

The Chief Risk Officer will receive an upfront cash payment of approximately $1.2 million. This payment is made by an unaffiliated third-party dealer in exchange for his future obligation to deliver SoFi shares or settle the contract in cash at maturity.

When does Arun Pinto’s SoFi (SOFI) prepaid variable forward contract mature?

The prepaid variable forward is scheduled to settle on or about February 2, 2029. At that maturity date, Arun Pinto must either deliver SoFi common shares, in an amount set by price-based formulas, or elect to settle the contract entirely in cash instead.

How is the number of SoFi shares delivered under the prepaid forward determined?

The share delivery depends on SoFi’s stock price versus a $19.0052 floor and $36.1032 cap. Different formulas apply if the settlement price is between these levels, above the cap, or below the floor, with the Base Amount of 71,500 shares as the starting point.

Does SoFi’s Chief Risk Officer keep voting rights on the pledged shares?

Yes. Even though 71,500 SoFi shares are pledged to secure the prepaid forward, the filing states the reporting person retains all voting rights. Economic exposure is partly hedged, but governance influence through those pledged shares is maintained during the contract term.