Samir Adatia

Iran’s Deputy Foreign Minister Kazem Gharibabadi has announced that, effective immediately, Iran is suspending the implementation of all further commitments under the Memorandum of Understanding (MoU) with the United States.

📚 EDUCATION POST | $SOFI $SOFI shareholders: the CEO has pulled $46.6 million in cash out of his shares without selling a single one. It's called a 'PREPAID VARIABLE FORWARD' (PVF). Most people have no idea how these work (I didn't 2 hours ago), so here's the full breakdown. The basic idea: A bank hands the executive cash today. In exchange, he pledges a block of his shares and promises to settle up in about three years. How much he owes at settlement depends on where the stock is trading that day. Until then, the shares are still his. He votes them, he collects any dividends, and nothing actually transfers. It works like an advance against your stock instead of a sale of it. The two contracts: 1️⃣ December 2024: pledged 2 million shares, received $22.5 million upfront. Floor $13.06, cap $30.74. Settles early 2028. 2️⃣ August 2025: pledged 1.5 million shares, received $24.1 million upfront. Floor $18.21, cap $49.18. Settles August 2028. Total cash received: $46.6 million. Both fully disclosed in 8-Ks. What the floor and cap actually do (using the August contract): 🔻 Stock ends up at $18.21 or below: he hands over all 1.5 million shares and keeps every dollar of the cash. Below the floor, the bank takes the losses, not him. He can't be asked to pay more. ↔️ Stock lands between $18.21 and $49.18: he hands over fewer shares the higher the price is. The gains inside that range are his. 🧢 Stock ends up above $49.18: the gains past the cap belong to the bank, not him, if he settles with shares. The December contract works the same way at its own numbers. The hidden math: He didn't get market price for those shares. Divide the cash by the shares: the December deal paid him $11.23 per share against a $13.06 floor. The August deal paid $16.07 against an $18.21 floor. Both times, the bank paid him roughly the floor, minus three years of interest. The bank wrote him a check for the worst-case outcome, today, and everything better than worst-case is still his to collect at settlement, up to the cap. What the filings say he can do: ✅ Settle with shares. Hand over the pledged block per the formula above, keep the cash, done. ✅ Settle with cash instead. This is the escape hatch. Per SoFi's filing, he "may deliver shares of the Company's Common Stock or elect to settle the contract in cash." If the stock has ripped past the cap, he can pay the bank what he owes in dollars, keep all his shares, and stay fully exposed going forward. Not free. But available. ✅ Keep voting and collecting dividends the entire time on every pledged share. ✅ Do it again. Nothing stops future contracts, and he's now done it twice. ❌ What he can't do: walk away from settlement, or sell the pledged shares to someone else while they're pledged. What this is NOT: ❌ Not dilution. Zero new shares created. Your ownership percentage is untouched. ❌ Not a secret. Full terms, dollar amounts and all, are in public 8-Ks. ❌ Not a sale. Yet. Which is why SoFi can accurately say he "has not sold any Company Common Stock" since 2018 and bought 2.8 million shares in the open market. Both true. Also true: he's holding $46.6 million in cash against his shares with downside protection on that slice. All three sentences are facts. Decide for yourself what they add up to. Keep it in proportion: these two contracts cover roughly 17% of his stake. The other 83% is untouched. No floor, no cap, no cash received. That portion gains and loses with the stock price like any other shareholder's. Is this bullish or bearish? I think neither, honestly. The contracts change nothing about the company. No new shares, no company cash, no effect on revenue or deposits. If you want to read a signal anyway, both directions have a case. 🔴The bearish read: he accepted a ceiling on these shares in exchange for cash and protection, and you only buy protection on outcomes you think are possible. 🟢The bullish read: he collared a small slice, left 83% fully exposed, and has bought 2.8 million shares in the open market over the years. My honest take is this is an executive with a concentrated position doing standard personal finance, and the useful part isn't the signal. It's knowing how the instrument works, because these contracts are common across the market and almost nobody can explain one. **Visual

Trump Media has pitched charging traders and investors up to $100,000/month for faster access to President Trump’s Truth Social posts through a “Truth API” data feed, per FT.

These are currently the top 100 most influential Fintwit accounts on X according to Kaito AI. Are you on the list?

have fun bulls just remember my birthday is coming up this week. Usually not fun being max long after that. Wednesday. Same thing last year

JUST IN: 🇺🇸 Truth Social to sell faster access to President Trump's posts for traders and investors, WSJ reports.