Slta IV (Gp), L.L.C. - Apr 22, 2024 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role
Director
Signature
By: /s/ Andrew J. Schader; Managing Director and General Counsel of Silver Lake Group, L.L.C.
Stock symbol
SOFI
Transactions as of
Apr 22, 2024
Transactions value $
-$23,963,416
Form type
4
Date filed
4/24/2024, 05:37 PM
Previous filing
Apr 10, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOFI Series 1 Redeemable Preferred Stock Disposed to Issuer -$23.6M -224K -100% $105.10* 0 Apr 22, 2024 Held through Silver Lake Partners IV, L.P. F1, F2, F4
transaction SOFI Series 1 Redeemable Preferred Stock Disposed to Issuer -$393K -3.74K -100% $105.10* 0 Apr 22, 2024 Held through Silver Lake Technology Investors IV (Delaware II), L.P. F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 22, 2024, SoFi Technologies, Inc. (the "Issuer") issued notification of the redemption of shares of its Series 1 Redeemable Preferred Stock for $105.1027 per share, which payment will be made on May 29, 2024.
F2 These securities were directly owned by Silver Lake Partners IV, L.P. ("SLP IV").
F3 These securities were directly owned by Silver Lake Technology Investors IV (Delaware II), L.P. ("SLTI IV").
F4 Silver Lake Technology Associates IV, L.P. ("SLTA IV") is the general partner of SLP IV and SLTI IV. The general partner of SLTA IV is SLTA IV (GP), L.L.C. ("SLTA IV GP"), the managing member of which is Silver Lake Group, L.L.C. ("SLG"). Michael Bingle is a director of the Issuer and Vice Chairman of SLG. Each of SLP IV, SLTI IV, SLTA IV, SLTA IV GP and SLG may be deemed to be a director by deputization of the Issuer.

Remarks:

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, or are subject to Section 16 of the Exchange Act, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any. This Form 4 does not include shares of Common Stock beneficially owned by the Reporting Persons, which have separately been previously reported on Form 4 filings.