Jennifer Nuckles - May 28, 2021 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role: EVP & Group Business Leader
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, 09:22 PM
Next filing: Aug 4, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SOFI	Common Stock	Award		+148K			148K	May 28, 2021	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	Exercise Price	Ownership	Footnotes
transaction	SOFI	Restricted Stock Unit	Award	$0	+176K		$0.00	176K	May 28, 2021	Common Stock	176K		Direct	F2, F3
transaction	SOFI	Restricted Stock Unit	Award	$0	+86.3K		$0.00	86.3K	May 28, 2021	Common Stock	86.3K		Direct	F4, F5
transaction	SOFI	Restricted Stock Unit	Award	$0	+261K		$0.00	261K	May 28, 2021	Common Stock	261K		Direct	F6, F7
transaction	SOFI	Restricted Stock Unit	Award	$0	+455K		$0.00	455K	May 28, 2021	Common Stock	455K		Direct	F8, F9

* 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	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F3	In connection with the Business Combination, the unvested portion of this Legacy SoFi outstanding RSU award was converted into an RSU award denominated in shares of the Issuer's common stock. The unvested portion of the outstanding RSU award will continue to vest as to 19,606 RSUs per quarter in equal quarterly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date, with each installment representing 1/16th of the total number of RSUs originally granted pursuant to this award, as such total number was converted in the Business Combination.
F4	Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F5	In connection with the Business Combination, the unvested portion of this Legacy SoFi outstanding RSU award was converted into an RSU award denominated in shares of the Issuer's common stock. The unvested portion of the outstanding RSU award will continue to vest as to 7,842 RSUs per quarter in equal quarterly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date, with each installment representing 1/16th of the total number of RSUs originally granted pursuant to this award, as such total number was converted in the Business Combination.
F6	Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F7	In connection with the Business Combination, the unvested portion of this Legacy SoFi outstanding RSU award was converted into an RSU award denominated in shares of the Issuer's common stock. The unvested portion of the outstanding RSU award will continue to vest as to 21,785 RSUs per quarter in equal quarterly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date, with each installment representing 1/16th of the total number of RSUs originally granted pursuant to this award, as such total number was converted in the Business Combination.
F8	Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F9	In connection with the Business Combination, the unvested portion of this Legacy SoFi outstanding RSU award was converted into an RSU award denominated in shares of the Issuer's common stock. The unvested portion of the outstanding RSU award will continue to vest as to 30,343 RSUs per quarter in equal quarterly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date, with each installment representing 1/16th of the total number of RSUs originally granted pursuant to this award, as such total number was converted in the Business Combination.