On March 21, 2024, Mr. Chad Borton, Executive Vice President and Group Business Unit Leader, Lending & President, SoFi Bank, N.A., provided notice of his intention to resign from his positions with SoFi Technologies, Inc. (the "Company") and SoFi Bank, N.A. ("SoFi Bank"), effective April 12, 2024. Mr. Borton resigned to pursue other opportunities and his resignation was not the result of any dispute or disagreement with the Company or SoFi Bank relating to the Company's or SoFi Bank's operations, policies (including accounting or financial policies) or practices. Mr. Borton's duties and responsibilities as President of SoFi Bank will be assumed by Paul Mayer, current Vice President of SoFi Bank and a member of the SoFi Bank Board of Directors.

Mr. Borton's other duties and responsibilities will be assumed by other officers of the Company, and the Company is pursuing a search for his permanent replacement for those duties and responsibilities.