SVF Sponsor II (DE) LLC - Mar 24, 2023 Form 4 Insider Report for SVF Investment Corp. 2 (SVFB)

Role: Director, Other*, 10%+ Owner
Signature: SVF Sponsor II (DE) LLC: By: Jonathan Duckles
Stock symbol: SVFB
Transactions as of: Mar 24, 2023
Transactions value $: -$638,919
Form type: 4
Date filed: 3/27/2023, 09:15 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SVFB	Class A Ordinary Shares (held by Navneet Govil)	Disposed to Issuer	-$639K	-62.5K	-100%	$10.22	0	Mar 24, 2023	Direct	F1
transaction	SVFB	Class A Ordinary Shares (held by SVF Sponsor II (DE) LLC)	Disposed to Issuer	$0	-760K	-100%	$0.00^*	0	Mar 24, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	SVFB	Class B Ordinary Shares (held by SVF Sponsor II (DE) LLC)	Disposed to Issuer	$0	-5.6M	-100%	$0.00	1	Mar 24, 2023	Class A Ordinary Shares	5.6M	Direct	F2
transaction	SVFB	Class B Ordinary Shares (held by Sunil Gulati)	Disposed to Issuer	$0	-50K	-100%	$0.00^*	0	Mar 24, 2023	Class A Ordinary Shares	50K	Direct	F2
transaction	SVFB	Class B Ordinary Shares (held by Fred P Hochberg)	Disposed to Issuer	$0	-50K	-100%	$0.00^*	0	Mar 24, 2023	Class A Ordinary Shares	50K	Direct	F2
transaction	SVFB	Class B Ordinary Shares (held by Robin Josephs)	Disposed to Issuer	$0	-50K	-100%	$0.00^*	0	Mar 24, 2023	Class A Ordinary Shares	50K	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

SVF Sponsor II (DE) LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The reported securities were redeemed by the Issuer pursuant to a redemption of all Class A ordinary shares in connection with the Issuer's liquidation.
F2	As described in the Issuer's registration statement on Form S-1 (File No. 333-252785) under the heading "Founder Shares", the founder shares are designated as Class B ordinary shares and would have automatically converted into Class A ordinary shares upon the consummation of an initial business combination. The Issuer's sponsor and each member of the management team entered into an agreement pursuant to which they agreed to waive their rights to liquidating distributions from the trust account with respect to any founder shares they hold in the event the Issuer failed to consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association. On March 7, 2023, the Issuer announced that it will not consummate an initial business combination within the time period required. Accordingly, the Class B ordinary shares held by the reporting persons were surrendered for no compensation on March 24, 2023.

Content

The reported securities were redeemed by the Issuer pursuant to a redemption of all Class A ordinary shares in connection with the Issuer's liquidation.

As described in the Issuer's registration statement on Form S-1 (File No. 333-252785) under the heading "Founder Shares", the founder shares are designated as Class B ordinary shares and would have automatically converted into Class A ordinary shares upon the consummation of an initial business combination. The Issuer's sponsor and each member of the management team entered into an agreement pursuant to which they agreed to waive their rights to liquidating distributions from the trust account with respect to any founder shares they hold in the event the Issuer failed to consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association. On March 7, 2023, the Issuer announced that it will not consummate an initial business combination within the time period required. Accordingly, the Class B ordinary shares held by the reporting persons were surrendered for no compensation on March 24, 2023.

Remarks:

After giving effect to the Issuer's delisting and deregistration, the Reporting Persons will no longer be subject to Section 16 reporting obligations.