George Thompson Hutton - May 28, 2021 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role
Director
Signature
/s/ Deanna Smith, Attorney-in-Fact
Stock symbol
SOFI
Transactions as of
May 28, 2021
Transactions value $
$0
Form type
4
Date filed
6/2/2021, 09:21 PM
Next filing
Jul 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOFI Common Stock Award +259K 259K May 28, 2021 Direct F1
transaction SOFI Common Stock Award +211K 211K May 28, 2021 See footnote F1, F2

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SOFI Stock Options (right to buy) Award +349K 349K May 28, 2021 Common Stock 349K $0.02 Direct F3, F4
transaction SOFI Stock Options (right to buy) Award +174K 174K May 28, 2021 Common Stock 174K $2.78 Direct F5, F6
transaction SOFI Stock Options (right to buy) Award +37.1K 37.1K May 28, 2021 Common Stock 37.1K $6.95 Direct F7, F8
transaction SOFI Restricted Stock Unit Award $0 +31.1K $0.00 31.1K May 28, 2021 Common Stock 31.1K Direct F9, F10
transaction SOFI Restricted Stock Unit Award $0 +11.7K $0.00 11.7K May 28, 2021 Common Stock 11.7K Direct F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in connection with the Issuer's business combination (the "Business Combination") with Social Finance, Inc. ("Legacy SoFi") in accordance with the terms of the Agreement and Plan of Merger, dated as of January 7, 2021, as amended on March 16, 2021, by and among the Issuer (f/k/a Social Capital Hedosophia Holdings Corp. V), Plutus Merger Sub Inc. ("Merger Sub") and Legacy SoFi (the "Merger Agreement"), pursuant to which Merger Sub merged with and into Legacy SoFi, with Legacy SoFi surviving the merger as a wholly-owned subsidiary of the Issuer.
F2 The reporting person is the sole beneficiary and trustee of Hutton Living Trust, 12/10/96, which directly holds 210,589 shares of common stock.
F3 100% of the option has fully vested and is immediately exercisable.
F4 Received in connection with the Business Combination in exchange for options to acquire 200,000 shares of common stock of Legacy SoFi for $0.0275 per share.
F5 100% of the option has fully vested and is immediately exercisable
F6 Received in connection with the Business Combination in exchange for options to acquire 100,000 shares of common stock of Legacy SoFi for $4.84 per share.
F7 100% of the option will fully vest on June 29, 2021.
F8 Received in connection with the Business Combination in exchange for options to acquire 21,277 shares of common stock of Legacy SoFi for $12.11 per share.
F9 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F10 Subject to the reporting person's continued service with the Issuer, 100% of the RSU award will fully vest on June 29, 2022.
F11 Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F12 100% of the RSU award will fully vest on June 29, 2021.