Magdalena Yesil - 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, 09:24 PM
Next filing
Jun 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOFI Common Stock Award +349K 349K May 28, 2021 Direct F1
transaction SOFI Common Stock Award +464K 464K May 28, 2021 NA 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 +314K 314K May 28, 2021 Common Stock 314K $6.87 Direct F3, F4
transaction SOFI Restricted Stock Unit Award $0 +31.1K $0.00 31.1K May 28, 2021 Common Stock 31.1K Direct F5, F6
* 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 Includes (i) 144,629 shares held of record by the Troy Kevork Wickett Trust, of which the reporting person is a trustee, (ii) 144,629 shares held of record by the Justin Yesil Wickett Trust, of which the reporting person is a trustee and (iii) 174,280 shares held of record by James F. Wickett, the reporting person's spouse. The reporting person disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein.
F3 The option vested as to 25% of the total number of shares on July 3, 2019, and thereafter vested and shall continue to vest as to 1/48th of the total number of shares in equal monthly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date. The applicable portion of the option becomes exercisable immediately upon vesting.
F4 Received in connection with the Business Combination in exchange for options to acquire 180,000 shares of common stock of Legacy SoFi for $11.97 per share.
F5 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F6 Subject to the reporting person's continued service with the Issuer, 100% of the RSU award will fully vest July 3, 2023.