Derek J. White - Sep 1, 2021 Form 4 Insider Report for SoFi Technologies, Inc. (SOFI)

Role
CEO of Galileo
Signature
/s/ Deanna Smith, Attorney-in-Fact
Stock symbol
SOFI
Transactions as of
Sep 1, 2021
Transactions value $
$0
Form type
4
Date filed
9/3/2021, 08:36 PM
Previous filing
Jun 23, 2021
Next filing
Dec 16, 2021

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 Performance Stock Unit Award $0 +750K $0.00 750K Sep 1, 2021 Common Stock 750K Direct F1, F2
transaction SOFI Restricted Stock Unit Award $0 +1.3M $0.00 1.3M Sep 2, 2021 Common Stock 1.3M Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F2 Represents shares issuable on settlement of PSUs granted to the Reporting Person. The PSUs vest subject to the achievement of certain performance conditions involving the Issuer's stock price, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
F4 The RSU award will vest as to 324,045 RSUs on the first quarterly vesting date and will then vest as to 69,438 RSUs per quarter in equal quarterly installments, subject to the reporting person's continued service with the Issuer through the applicable vesting date, with the first installment representing 1/4th of the total number of RSUs granted pursuant to this award and each installment other than the first installment representing 1/14th of the remaining 3/4th of RSUs granted pursuant to this award.