Social impact software firm Benevity issues US$90M in equity after leadership turnover - The Logic
Summary
Benevity has issued US$90.1 million in equity through stock options to employees and stakeholders since September 2024, according to filings showing 10 recipients as of Dec. 17, 2025. The option sale follows months of strain at the company, including layoffs and recent leadership turnover, with Soraya Alexander becoming CEO in November 2025 and Christopher Maloof moving to board chair. A company spokesperson said the offering is an amendment to the stock option plan to align long-term incentives, and the move is commonly used to incentivize employees rather than increase salaries. Benevity runs a corporate social-impact platform used by nearly 1,000 companies and has notable investors including Hg Capital, TPG Rise Fund and the Canada Pension Plan Investment Board. The article frames the equity issuance as part of corporate restructuring amid changing philanthropic trends and earlier staff reductions.
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