SoFi Technologies, Inc. (SoFi) has announced the adoption of the SoFi Technologies, Inc. 2024 Employee Stock Purchase Plan (2024 ESPP), subject to stockholder approval. The plan aims to provide eligible employees with opportunities to purchase shares of SoFi's common stock, aligning employee interests with those of shareholders and potentially aiding in talent retention and motivation. The 2024 ESPP reserves 16,589,650 shares of common stock for issuance, with additional annual increases starting January 1, 2025. The plan includes both a 423 Component, intended to qualify as an "employee stock purchase plan" under Section 423(b) of the Internal Revenue Code, and a non-423 Component for employees in international jurisdictions or where standard ESPPs are not viable. The plan allows eligible employees to authorize payroll deductions between 1% and 15% of their compensation to purchase SoFi common stock at a discounted price. The 2024 ESPP will be administered by appointed members of SoFi's Board of Directors, with offerings to purchase stock made periodically. The initial offering under the 2024 ESPP is set to begin on a date determined by the plan's administrators.

SoFi Technologies, Inc. (SoFi) has announced the adoption of the SoFi Technologies, Inc. 2024 Employee Stock Purchase Plan (2024 ESPP), subject to stockholder approval. The plan aims to provide eligible employees with opportunities to purchase shares of SoFi's common stock, aligning employee interests with those of shareholders and potentially aiding in talent retention and motivation. The 2024 ESPP reserves 16,589,650 shares of common stock for issuance, with additional annual increases starting January 1, 2025. The plan includes both a 423 Component, intended to qualify as an "employee stock purchase plan" under Section 423(b) of the Internal Revenue Code, and a non-423 Component for employees in international jurisdictions or where standard ESPPs are not viable. The plan allows eligible employees to authorize payroll deductions between 1% and 15% of their compensation to purchase SoFi common stock at a discounted price. The 2024 ESPP will be administered by appointed members of SoFi's Board of Directors, with offerings to purchase stock made periodically. The initial offering under the 2024 ESPP is set to begin on a date determined by the plan's administrators.