On June 27, 2024, William Borden and Gary Meltzer were each appointed to the SoFi Technologies, Inc. board of directors with a term commencing June 27, 2024 and expiring at the 2025 annual meeting of stockholders. With the appointments of each of Mr. Borden and Mr. Meltzer, the board of directors will consist of thirteen directors. Mr. Meltzer will join the audit committee of the board of directors.

Mr. Borden, 61, serves as Corporate Vice President of Worldwide Financial Services at Microsoft, a position he has held since September 2019. Mr. Borden previously served as a Managing Director at Bank of America Merrill Lynch from September 2012 to September 2019, serving in various executive roles across global transaction services, equity asset management services and enterprise payments, and as a Managing Director at Citigroup from October 1998 to September 2012. Prior to joining Citigroup, Mr. Borden held leadership positions at RR Donnelley and IBM Consulting.

Mr. Borden also serves as a board member of HUB, a cloud technology solutions provider for data, trade and reporting, a position he has held since January 2021, and he previously served as a board member of Diebold Nixdorf, a banking solutions and retail technology company, from October 2021 to August 2023. Mr. Borden has served as a board member of the National Black MBA Association since January 2018. Mr. Borden holds a bachelor of science in electrical engineering from Cornell University and a master of business administration from the Northwestern University Kellogg School of Management.

The company believes that Mr. Borden is qualified to serve as a member of their Board of Directors because of his financial services and banking technology experience. Mr. Meltzer, 61, is a long-term veteran of public accounting services, having held multiple positions at PricewaterhouseCoopers LLP over a 35-year period, including serving as a Managing Partner. Mr. Meltzer has served as a strategic advisor to Pontoro, Inc., a financial technology company, since October 2021.

Mr. Meltzer is also a board member and audit committee chair of ExcelFin Acquisition Corp., a special purpose acquisition company, and Apollo Realty Income Solutions, Inc., a real estate investment vehicle, positions he has held since September 2021 and July 2022, respectively. Mr. Meltzer has also served as a board member of the American Century Mutual Funds since December 2022. Mr. Meltzer holds a bachelor of science in accounting from Binghamton University and is a Certified Public Accountant.

The company believes that Mr. Meltzer is qualified to serve as a member of their Board of Directors because of his financial accounting experience.